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0.55  /  1.07%

51.6

NAV on 2021/03/01
NAV on 2021/02/26 51.05
52 week high on 2020/03/04 64.16
52 week low on 2020/03/24 39.28
Total Expense Ratio on 2020/12/31 1.56
Total Expense Ratio (performance fee) on 2020/12/31 0
NAV
Incl Dividends
1 month change 8.56% 8.56%
3 month change 12.69% 14.28%
6 month change 19.11% 21.23%
1 year change -16.72% -12.3%
5 year change -11.21% -6.43%
10 year change 0% 0%
Price data is updated once a day.
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  • Sectoral allocations
Financials 36.41 81.53%
Liquid Assets 7.06 15.82%
Specialist Securities 1.18 2.65%
  • Top five holdings
 NEPIROCK 6.12 13.7%
 GROWPNT 5.74 12.86%
 EQUITES 2.70 6.06%
 REDEFINE 2.43 5.45%
 RESILIENT 2.09 4.67%
  • Performance against peers
  • Fund data  
Management company:
Anchor Capital (Pty) Ltd.
Formation date:
2015/11/02
ISIN code:
ZAE000208369
Short name:
U-ANCHPRO
Risk:
Unknown
Sector:
South African--Real Estate--General
Benchmark:
South African Property Index
  • Fund management  
Glen Baker
Glen has over 25 years’ experience in financial markets. In that time he has headed up equity derivatives divisions at major local and international institutions and has both equity and fixed-income experience. His direct investment experience includes managing Exchange Traded Funds, and for the last three years as head of alternative investments at Anchor Capital. In this role he is responsible the hedge fund and property sector investment process and is the fund manager for the recently launched Anchor BCI Property Fund.


  • Fund manager's comment

Anchor BCI Property Fund comment - Dec 19

2020/02/14 00:00:00
Despite a very strong SA equity market in the last month of the year, the property sector once again disappointed. The fund returned a nega..ve 1.3% for the month, in line with the peer group, but be..er than the SA Property Index (JSAPY) performance of a nega..ve 2.1% return. This ended a year, where there was some op..mism at the beginning of a reversal of fortune a..er a calamitous 2018, which never came to pass. Whilst the index ended marginally posi..ve for the year, most property focused funds ended in nega..ve territory once again. Although there were some green shoots such as Arrowhead's +10% performance a..er results that were in line with forecast, index heavyweights Growthpoint, NEPI Rockcastle and Redefine all returned nega..ve numbers, with the la..er giving back 8% a..er a strong performance in November. Although SA s..ll has clouds on the macro environment (Eskom for example), the capital deprecia..on experienced over the past two years does mean that many share prices in the sector have de-rated to the extent that large discounts are available in the listed sector when compared to physical asset valua..ons. The truth probably lies somewhere in the middle of this anomaly, providing poten..al upside, over ..me, to share prices. The fund remains defensively posi..oned within its mandate. Our forecast for 2020 is a dividend yield of 9.8% and a capital gain of 0.3% (comprising income growth of 2% but an exit yield of 10%, above forecast forward yield) therefore a total return of 10.1%.
  • Fund focus and objective  
The fund aims to achieve an above-benchmark total return to investors over the medium-to long-term. The portfolio will invest at least 80% of the market value of the portfolio in shares listed on the FTSE/ JSE Real Estate industry group or similar sector of an international stock exchange. Up to 10% of the portfolio may be invested in shares outside the property sector in companies that conduct similar business activities in order to achieve the fund's objective. The portfolio may invest in listed and unlisted financial instruments. The manager may also include forward currency, interest rate and exchange-rate swap transactions for efficient portfolio management purposes.
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