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-13.65  /  -0.92%

1483.12

NAV on 2021/02/25
NAV on 2021/02/24 1496.77
52 week high on 2020/03/04 1617.3
52 week low on 2020/03/24 1320.2
Total Expense Ratio on 2020/12/31 0.88
Total Expense Ratio (performance fee) on 2020/12/31 0
NAV
Incl Dividends
1 month change 0.49% 0.49%
3 month change 1.65% 3.45%
6 month change 5.63% 9%
1 year change -7.65% -1.36%
5 year change 0% 0%
10 year change 0% 0%
Price data is updated once a day.
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  • Sectoral allocations
Consumer Goods 22.44 3.52%
Consumer Services 59.06 9.26%
Financials 195.69 30.67%
Health Care 29.95 4.69%
Industrials 29.51 4.62%
Liquid Assets 18.41 2.89%
Other Sec 35.21 5.52%
SA Bonds 236.64 37.08%
Telecommunications 11.20 1.75%
  • Top five holdings
 SAFARI 31.52 4.94%
 FAIRVEST 23.17 3.63%
 SPEARREIT 16.12 2.53%
 TOWER 14.14 2.22%
 INVESTEC-P 13.14 2.06%
  • Performance against peers
  • Fund data  
Management company:
Bridge Fund Managers (Pty) Ltd.
Formation date:
2009/05/01
ISIN code:
ZAE000245031
Short name:
U-PLXENDU
Risk:
Unknown
Sector:
South African--Multi Asset--Low Equity
Benchmark:
CPI + 4% over a rolling 60 month period
  • Fund management  
Ian Anderson
Ian joined Grindrod Asset Management as Chief Investment Officer in September 2009. Prior to that, he ran his own consultancy where his clients included Marriott Asset Management, Fortress Asset Managers (part of the Resilient group of companies) and the Property Loan Stock Association of South Africa. Ian was the Investment Director at Marriott Asset Management from 2002 to 2007, having joined the firm as an Investment Analyst in 1996. Ian has been involved in the management of specialist listed property portfolios for the past 15 years.
Andrew Dowse
Andrew joined Grindrod Asset Management in early 2013 and is currently a Portfolio Manager. Andrew has worked as a Product Development Analyst at Symmetry within the Old Mutual Group and then in the offshore hedge fund division at Maitland. Prior to joining Grindrod Asset Management, Andrew worked at Insinger de Beaufort BNP Paribas, a boutique asset manager and family wealth office. The company’s head office is in Amsterdam and the parent company BNP Paribas is based in Paris. As a member of the investment committee Andrew was responsible for global fund research, analysing all investment products including the more exotic asset classes of hedge funds and structured products. He was also responsible for much of the reporting and analysis of client portfolios including attribution reports and compliance with GIPS reporting standards. He also traded and balanced all offshore and local private client investment mandates and was actively involved in the management of the South African Fund of Funds within the firm.
Richard Henwood
Richard has over 12 years of investment experience which he gained in both the UK and South Africa. He spent 9 years in London working for global investment manager Schroders Investment Management, and hedge funds Trafalgar Asset Managers and CapeView Capital LLP. There he gained valuable insight into various investment strategies including long-only, event-driven, credit, private equity and long-short equity. He returned to South Africa in 2013 and worked for Atlas Trading (Grindrod) before joining Bridge Fund Managers (formerly Grindrod Asset Management) in 2014.


  • Fund manager's comment

2020/02/14 00:00:00
The Bridge Stable Growth Fund is a Multi-Asset class fund with the objective of providing investors with a balance between growth and income at moderate to conservative risk levels. It achieves this by investing in a portfolio of equities, f ixed-interest securities, money- market instruments and listed property. The portfolio’s exposure to equity instruments will never exceed 40% of the total portfolio. The fund complies with all prudential requirements and regulations governing retirement funds. This fund is available to be used within our Tax-Free Savings Plan, by virtue of S12T of the Income Tax Act.
  • Fund focus and objective  
The Bridge Stable Growth Fund is a multi asset class fund with the objective of providing investors with a balance between growth and income at moderate to conservative risk levels. It achieves this by investing in a portfolio of equities, fixed interest securities, money market instruments and listed property. The portfolio's exposure to equity instruments will never exceed 40% of the total portfolio. The fund complies with all prudential requirements and regulations governing retirement funds. Tax free instrument by virtue of S12T of the Income Tax Act
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