0.18 /
0.14%
125.13
NAV on 2021/02/25
NAV on 2021/02/24 |
124.95 |
52 week high on 2021/02/16 |
126.35 |
52 week low on 2020/03/19 |
81.36 |
Total Expense Ratio on 2020/09/30 |
1.36 |
Total Expense Ratio (performance fee) on 2020/09/30 |
0 |
Basic Materials |
76.31 |
15.48% |
Consumer Goods |
14.68 |
2.98% |
Consumer Services |
29.26 |
5.94% |
Derivatives |
0.04 |
0.01% |
Financials |
85.29 |
17.30% |
Fixed Interest |
3.73 |
0.76% |
General Equity |
193.11 |
39.17% |
Health Care |
10.15 |
2.06% |
Industrials |
23.17 |
4.70% |
Liquid Assets |
21.71 |
4.40% |
Other Sec |
1.00 |
0.20% |
Technology |
24.15 |
4.90% |
Telecommunications |
10.42 |
2.11% |
U-COLBEQU |
86.30 |
17.5% |
U-BCISELE |
75.97 |
15.41% |
U-STCSA |
30.84 |
6.25% |
BHP
|
19.18 |
3.89% |
FIRSTRAND
|
16.24 |
3.29% |
Management company:
Boutique Collective Investments (RF) (Pty) Ltd. |
Formation date:
2014/03/04 |
ISIN code:
ZAE000188165 |
Short name:
U-BCIBSTE |
Risk:
Unknown |
Sector:
South African--Equity--General |
Benchmark:
FTSE/JSE Capped SWIX J433T |
Boutique Investment Partners
BCI Best Blend Specialist Equity comment - Jun 14
2014/08/25 00:00:00
Global and local markets were eventful in June, starting with China and Japan which both displayed improvements in their PMI numbers. Japan is undertaking a three pronged approach involving monetary and fiscal stimulus as well as structural reforms involving tax cuts, industry liberalisation and increased diversity of the workforce. The Nikkei 225 delivered 3.62%, while the Shanghai Composite returned 0.54%. Europe took measures to counter deflation, by cutting its refinancing rate to 0.15% and has made deposit rates -0.1% making it unattractive for banks to hold cash. This was eclipsed by the ECB's targeted LTRO plan, which lends banks up to €400 billion at declining rates if they lend more. Overall, European markets experienced a sell-off of 2%, led by Financials when BNP Paribas was found guilty of violating US sanctions and given a $9 billion penalty. The US had a faster-than-expected inflation rate which was 2.1% and drove bond yields upwards temporarily, but assurances from the Fed that interest rates would remain low eased fears. US markets performed well with the S&P delivering 2% and NASDAQ recovering some biotech and tech losses to deliver 4%. Local markets rallied led by Resources (3.45%) and followed by Industrials (2.80%) and Financials (2.70%). The resources sector has been recovering after unions reached an agreement with the platinum miners to end the 5-month long strike. The Top 40 delivered 3.03%, mid-caps returned 1.7% and small caps were flat. Inflation linked bonds (1.4%) outperformed nominal bonds (0.95%), while cash delivered 0.47%. Inflation has reached 6.60% on the back of increasing food and transport prices. The rand weakened to R10.63/$, R14.55/€ and R18.17/£.
The portfolio's investment universe consists of equity securities, preference shares, debentures, debenture bonds, money market instruments, interest bearing securities, non-equity securities, property shares and property related securities listed on exchanges and assets in liquid form.