2.13  /  0.11%

NAV on 2018/05/25

1911.13

NAV on 2018/05/24 1909
52 week high on 2017/12/29 2390.6
52 week low on 2018/04/04 1873.14
Total Expense Ratio on 2018/03/31 0.97
Total Expense Ratio (performance fee) on 0
NAV Incl Dividends
1 month change -3.88% -3.88%
3 month change -1.29% -1.29%
6 month change -16.32% -14.31%
1 year change -11.58% -7.26%
5 year change 1.94% 6.95%
10 year change 8.3% 14.59%
  • Sectoral allocations
Alt X 5.83 1.19%
Derivatives 0.00 0.00%
Financials 459.39 93.50%
Fixed Interest 4.42 0.90%
Liquid Assets 17.76 3.62%
Real Estate 3.93 0.80%
  • Top five holdings
 GROWPNT 101.45 20.65%
 REDEFINE 75.16 15.3%
 NEPIROCK 51.40 10.46%
 HYPROP 36.45 7.42%
 VUKILE 25.13 5.12%
  • Performance against peers
  • Fund data
Management company:
Ashburton Management Company (RF) (Pty) Ltd.
Formation date:
2007/11/01
ISIN code:
ZAE000106472
Short name:
U-BJMPROP
Risk:
Unknown
Sector:
South African--Real Estate--General
Benchmark:
FTSE/JSE SA Listed Property Index Total Return (J253T)
Contact details

Email
ashburtonquery@investoradmin.co.za

Website
http://www.ashburtoninvestments.com

Telephone
011-282-8800

  • Fund management
Ashburton Multi Management


  • Fund manager's comment

BJM Property Fund Comment- Mar 12

2012/07/05 00:00:00
The first quarter of 2012 saw the Property Loan Stock Index up 9.12% outperforming all other asset classes. The best performing counters in the sector were Resilient, Growthpoint, Vunani and Fortress and the worst performing counters were Hospitality, SA Corporate and Vukile. Over the short term property returns have been closely correlated with long bond returns and the past month's positive returns from property were once again supported by a positive bond market. The fund outperformed its peer group over the first quarter of 2012 at 8.9% vs 7.1%, however the Property Loan Stock Index outperformed both because of the weighting in Growthpoint. Property is in fair value territory with a one year forward distribution yield of 8%, slightly below the All Bond Index Yield of 8.1%.
  • Fund focus and objective
The objective of the fund is to provide investors with a high and growing income yield and long-term capital growth with moderate volatility. The objective is obtained by investments in segregated portfolios managed by various specialist property managers. This fund also aims to provide reduced volatility relative to similarly single manager portfolios due to manager diversification.

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