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0.39  /  0.32%


NAV on 2021/01/20
NAV on 2021/01/19 122.28
52 week high on 2021/01/20 122.67
52 week low on 2020/03/19 75.26
Total Expense Ratio on 2020/09/30 1.17
Total Expense Ratio (performance fee) on 2020/09/30 0
Incl Dividends
1 month change 6.02% 6.28%
3 month change 10.14% 10.41%
6 month change 15.55% 15.84%
1 year change 11.57% 12.31%
5 year change 0% 0%
10 year change 0% 0%
Price data is updated once a day.
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  • Sectoral allocations
Basic Materials 22.79 1.07%
Consumer Goods 225.44 10.54%
Consumer Services 63.66 2.98%
Financials 605.54 28.32%
General Equity 33.69 1.58%
Health Care 9.95 0.47%
Industrials 37.92 1.77%
Liquid Assets 7.03 0.33%
Specialist Securities 24.64 1.15%
Technology 736.79 34.45%
Offshore 371.02 17.35%
  • Top five holdings
 NASPERS-N 463.97 21.7%
 CAPITEC 304.92 14.26%
 PROSUS 272.81 12.76%
 BATS 223.40 10.45%
 REMGRO 113.22 5.29%
  • Performance against peers
  • Fund data  
Management company:
Boutique Collective Investments (RF) (Pty) Ltd.
Formation date:
ISIN code:
Short name:
Worldwide--Multi Asset--Flexible



  • Fund management  
Darryl Hannington
Darryl has a B Com Honours (Finance) from WITS and is a CFA charter holder. He has worked in the financial services industry for the past 9 years as a Private Banker and Investment Specialist at Investec. Darryl heads up the portfolio management desk and takes responsibility for IFA distribution in JHB. He also covers the South African Construction and Insurance sectors.
Matthew Stroucken

  • Fund manager's comment

BIB BCI Moderate Worldwide Flexible Fund - Dec 19

2020/01/28 00:00:00
Global markets rallied into year-end to give the MSCI World Index its best year of the decade (+27.7%), leading the MSCI Emerging Market Index (+18.4%) by almost 10% for the year despite a much stronger December for EMs (7.5% vs 3.0% for developed markets). This, as China and the US agreed to a “phase 1” trade deal. Despite the rela..vely poor performance by EM stocks in 2019, the MSCI Russia Index was the best-performing major stock market in 2019, up 53% in US dollar terms. December also brought the prospect of some clarity to the UK with UK voters delivering Prime Minister Boris Johnson a strong mandate for the EU by the end of January 2020. Brexit clarity helped the pound con..nue a rally which saw it rise over 10% since its August lows when the UK faced a real possibility of leaving the EU without a deal. Locally, the JSE Capped SWIX was up 3.1% in December. The rally helped the Index end the year 6.8% stronger but the annual US dollar return of 9.8% le.. it as the only major global index to not reach double-digit US dollar returns for the year. Pla..num shares were again leading the way, up another 20% to cap a year in which their share prices tripled! Gold and pla..num shares accounted for 80% of the Capped SWIX performance in 2019 and almost half of December’s performance. Naspers was the other key contributor in December as it combined with Prosus to end the month up 8%, in aggregate, helped by rand strength and a rally in Chinese shares.
  • Fund focus and objective  
The BIP BCI Moderate Worldwide Flexible Fund is a worldwide flexible portfolio with a moderate risk profile that aims to deliver a moderate to high long term total return. The portfolio's equity exposure will always exceed 25% of its asset value with its property exposure limited to a maximum of 40% of the portfolio's asset value. In order to achieve its objective, the investments normally to be included in the portfolio may comprise a combination of assets in liquid form, money market instruments, interest bearing securities, bonds, debentures, corporate debt, equity securities, property securities, preference shares, convertible equities and non-equity securities. The manager may invest in participatory interests or any other form of participation in portfolios of collective investment schemes or other similar collective investment schemes as the Act may allow from time to time, and which are consistent with the portfolio's investment policy. Where the aforementioned schemes are operated in territories other than South Africa, participatory interests or any other form of participation in portfolios of these schemes will be included in the portfolio only where the regulatory environment is, to the satisfaction of the manager and the trustee, of sufficient standard to provide investor protection at least equivalent to that in South Africa.

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