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19.21  /  0.8%


NAV on 2021/09/22
NAV on 2021/09/21 2371.6246
52 week high on 2021/08/17 2515.7182
52 week low on 2020/10/30 2001.4634
Total Expense Ratio on 2021/06/30 1.64
Total Expense Ratio (performance fee) on 2021/06/30 0
Incl Dividends
1 month change -3.54% -3.54%
3 month change 0.8% 0.8%
6 month change 0.84% 0.84%
1 year change 16.31% 16.31%
5 year change 3.73% 5.22%
10 year change 0% 0%
Price data is updated once a day.
Click and drag to zoom in on timeline.
  • Sectoral allocations
Basic Materials 28.35 3.23%
Bond Funds 30.77 3.50%
Consumer Discretionary 21.52 2.45%
Derivatives 249.11 28.34%
Energy 0.03 0.00%
Financials 57.34 6.52%
Fixed Interest 116.52 13.26%
General Equity 167.62 19.07%
Industrials 8.43 0.96%
Liquid Assets -102.94 -11.71%
Spec Equity 141.35 16.08%
Technology 14.12 1.61%
Telecommunications 2.36 0.27%
Offshore 144.39 16.43%
  • Top five holdings
DERIVATIV 235.33 26.77%
U-ADVALPH 162.09 18.44%
O-APSFLXF 143.51 16.33%
U-CIDIVIN 116.52 13.26%
U-APSGLFL 112.42 12.79%
  • Performance against peers
  • Fund data  
Management company:
Ci Collective Investments (RF) Prop Ltd.
Formation date:
ISIN code:
Short name:
South African--Multi Asset--High Equity
CPI for all urban areas plus 7% over rolling 5 years - net of fees


011 463 5656

  • Fund management  
Colla Kruger
Associated Portfolio Solutions
Associated Portfolio Solutions ('APS') is an association of independent financial advisors who specialise in wealth and portfolio management. Each associate is approved as an authorised financial services provider by the Financial Services Board and has been specifically invited to become an associate by the APS board on the basis of the associates’ years of experience in the industry, expertise and reputation in the financial services industry.

  • Fund manager's comment

APS Managed Growth Fund of Funds Comment -Sep 11

2012/02/14 00:00:00
British Prime Minister David Cameron warned over the weekend that the euro-zone's problems were a threat to the global economy. The difficulty that the UK is facing has been highlighted by David Blanchflower, a professor and a former member of the Bank of England's monetary policy committee. 'From almost day one they had an austerity plan, but they had no plan for growth,' he said. A credible growth plan is largely absent in Greece's case too. There is also scant evidence that the extensive stimulus packages implemented in the USA have made any contribution to a more positive economic outlook. Global markets participants are left on their own to decide which way these debt and austerity-without-growth pendulums are likely to swing. Unlike in 2008, cohesive leadership is absent across the USA and in Europe in dealing with these unsettling issues.
Equity markets remain extremely volatile as sentiment sours and directional guidance is absent. It is becoming increasingly difficult to envisage a situation where the Greek economy can be restored to some form of normality over a reasonable period of time without a default event-taking place. Core Europe should embrace Italy and Spain (and maybe Portugal and Ireland too), don a full-body, bomb-proof suit and let the Greek time-bomb explode in such a way that the inevitable collateral damage can be somewhat contained.
Back in South Africa our equity and bond markets have been holding up well this year in the face of these developed market difficulties in spite of significant equity and bond outflows in the month of September. Our monetary and fiscal policies are relatively sound and well grounded in comparison with many others, and our Finance Minister's Medium Term Budget Policy Statement on the 25th of October should reinforce this positive policy position. Our investment markets will continue to be buffeted by global events and local economic lethargy will continue in the face of global headwinds, but some domestic market resilience is currently evident. The FTSE/JSE All Share Index returned -3.6% for the month of September, with Resources returning -4.6%, and Financials and Industrials returning -2.9% and -2.2%, respectively.
  • Fund focus and objective  
The objective of this portfolio is to provide investors with maximum long-term capital growth from a portfolio that maintains a moderate to high risk profile. Income will not be an objective of this portfolio. The composition of the portfolio shall reflect the investment structure of a retirement fund with a moderate to high risk profile and will comply with Regulation 28 of the Pension Funds Act. The fund aims to achieve total returns in excess of inflation (CPI) + 7% over rolling 5 years and is ideal for aggressive investors seeking long-term capital growth. The fund may exhibit high levels of volatility over the short-term. The fund invests in collective investment schemes investing in equities, bonds, listed property and money market instruments, both locally and abroad and is managed to comply with the Prudential Investment Guidelines as prescribed within the Pension Funds Act. The fund is ideal for investors who do not wish to actively manage their portfolio.

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