16.68 /
0.75%
2217.48
NAV on 2021/03/01
| NAV on 2021/02/26 |
2200.8 |
| 52 week high on 2021/02/25 |
2227.19 |
| 52 week low on 2020/03/20 |
1281.53 |
| Total Expense Ratio on 2020/12/31 |
1.92 |
| Total Expense Ratio (performance fee) on |
0 |
| Basic Materials |
111.28 |
13.30% |
| Consumer Goods |
21.64 |
2.59% |
| Consumer Services |
29.38 |
3.51% |
| Derivatives |
0.06 |
0.01% |
| Financials |
74.30 |
8.88% |
| Fixed Interest |
0.00 |
0.00% |
| General Equity |
437.51 |
52.27% |
| Health Care |
4.95 |
0.59% |
| Industrials |
4.03 |
0.48% |
| Liquid Assets |
7.09 |
0.85% |
| Spec Equity |
93.79 |
11.21% |
| Technology |
45.52 |
5.44% |
| Telecommunications |
7.41 |
0.89% |
|
U-COREQU |
163.92 |
19.58% |
|
U-AYEQUTY |
144.98 |
17.32% |
|
U-FAIRTRE |
128.62 |
15.37% |
|
U-NEDENTR |
91.38 |
10.92% |
|
NASPERS-N
|
34.40 |
4.11% |
Management company:
Ashburton Management Company (RF) (Pty) Ltd. |
Formation date:
2007/11/01 |
ISIN code:
ZAE000205878 |
Short name:
U-BJMCOEQ |
Risk:
Unknown |
Sector:
South African--Equity--General |
Benchmark:
FTSE/JSE All Share Index (Total Return) |
Ashburton Multi Management
BJM Equity Fund Comment - Jun 12
2012/09/12 00:00:00
The JSE All Share Index returned a positive 0.98% for the quarter, the JSE Financial 15 Index was up 3.70% and the JSE Industrial Index was up 2.6%. Resources were the worst performing sector tumbling 3.56% in rands for the quarter. Despite the fund's overweight position in financials and industrials it underperformed the benchmark with a total return of 0.03%. The past quarter saw Truffle delivered their worst quarterly performance since including them in the Multi Manager solution two years ago with a return of negative 1.02%. Despite the poor quarter they still managed to outperform the All Share Index over a 1 year period by just over 8%. The fund continues to be overweight in Industrials and Financials and underweight in Resources relative to the All Share Index.
The fund aims to provide investors with long-term capital growth. The objective is obtained by investments in segregated equity portfolios managed by specialist equity managers. This fund should reduce volatility relative to similar single manager portfolios due to manager diversification.This portfolio invests in assets in liquid form and in shares across all sectors of the JSE Securities Exchange of South Africa and other permissible assets allowed by the Act. The portfolio will invest a minimum of 75% of the market value of the portfolio in equities at all times, with offshore asset exposure being limited to 25%. Equity investments are volatile by nature and are susceptible to changes in general market conditions and volatility, as well as economic, political and company specific risks. This fund is also exposed to foreign investment funds and is thereby susceptible to currency risk and potential macroeconomic and political risks brought about by funds invested across various regions.
