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-1.16  /  -1.05%


NAV on 2021/01/26
NAV on 2021/01/25 111.43
52 week high on 2021/01/25 111.43
52 week low on 2020/03/19 80.99
Total Expense Ratio on 2020/09/30 0.94
Total Expense Ratio (performance fee) on 2020/09/30 0
Incl Dividends
1 month change 7.64% 7.94%
3 month change 4.28% 4.57%
6 month change 8.74% 9.04%
1 year change 19.53% 21.21%
5 year change 0% 0%
10 year change 0% 0%
Price data is updated once a day.
Click and drag to zoom in on timeline.
  • Sectoral allocations
Basic Materials 9.19 2.06%
Consumer Goods 4.34 0.97%
Consumer Services 27.53 6.16%
Financials 34.01 7.62%
Fixed Interest 13.18 2.95%
Industrials 5.42 1.21%
Liquid Assets 2.93 0.66%
Technology 63.44 14.21%
Telecommunications 4.12 0.92%
Offshore 282.37 63.24%
  • Top five holdings
O-ANCGLCA 43.85 9.82%
 NASPERS-N 42.20 9.45%
 PROSUS 21.25 4.76%
IS13TB 15.53 3.48%
U-ANCBIFL 13.18 2.95%
  • Performance against peers
  • Fund data  
Management company:
Boutique Collective Investments (RF) (Pty) Ltd.
Formation date:
ISIN code:
Short name:
Worldwide--Multi Asset--Flexible
ASISA Worldwide Multi Asset Flexible category average



  • Fund management  
Bips Investment Managers Pty Ltd.
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

BCI Worldwide Flexible Style 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 BCI Worldwide Flexible Style Fund aims to deliver a high medium to long term total return by investing in growth, quality and/or value stocks depending on manager's view of the most suitable investment style at the time and may rotate investment styles based upon the manager's view at the time. The portfolio is suitable for investors with a moderate to aggressive risk profile. The portfolio may invest in global and local equity securities, interest bearing securities, property shares, property related securities, preference shares, bonds, money market instruments, non-equity securities and assets in liquid form.
The portfolio may also invest in participatory interests and other forms of participation in portfolios of collective investment schemes or other similar schemes operated in territories with a regulatory environment which is to the satisfaction of the manager and trustee of a sufficient standard to provide investor protection at least equivalent to that in South Africa and which is consistent with the portfolio's primary objective. The portfolio may from time to time invest in listed and unlisted financial instruments, in accordance with the provisions of the Act, and the Regulations thereto, as amended from time to time, in order to achieve the portfolio's investment objective.
The manager may also include forward currency, interest rate and exchange rate swap transactions for efficient portfolio management purposes. The manager shall have the maximum flexibility to vary assets between the various markets, asset classes and countries to reflect the changing economic and market conditions. However, the portfolio's maximum property exposure is 50% of its market value. The portfolio holdings will never mirror any other portfolio of the manager.

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