NAV on 2021/02/25
|NAV on 2021/02/24
|52 week high on 2021/02/16
|52 week low on 2020/03/19
|Total Expense Ratio on 2018/09/30
|Total Expense Ratio (performance fee) on 2017/03/31
Community Growth Management Company Ltd.
FTSE/JSE All Share index
Brian joined Old Mutual in 1998 and moved to Old Mutual Equities in 2012. In addition to his role as portfolio manager, Brian is the assigned analyst of many companies within the consumer and industrial sectors. Before joining Old Mutual Equities, Brian headed up Old Mutual Investment Group's Equity Research Unit, where he had oversight of a team of specialist equity portfolio managers and analysts. Brian has 19 years of industry experience. Brian is currently the portfolio manager of the Old Mutual Industrial Fund, an SA based mutual fund. He is also an analyst for the industrial sector.
Community Growth Equity comment - Jun 19
The second quarter of 2019 was volatile; at one stage the FTSE/ JSE Shareholder Weighted All Share Index (SWIX) was 3.9% down, but finished the quarter at 3.1% up. The South African market continued to be heavily influenced by global news flow - particularly the development of the ''trade war'' between the USA and China (it is interesting how the way we get news flow has changed and markets now move one way or another off the back of Twitter comments). The MSCI World Index increased by 3.4% in US dollar terms in Q2 2019, continuing the strong rebound from a particularly weak last three months of 2018.
Resource shares have had a particularly good start to the year, with the FTSE/JSE Resources Index (J258) returning 18.4%. This was partly driven by increasing commodity prices, particularly iron ore (+57.7%) and rhodium (+32.1%).
SA Inc. shares (those companies generating the majority of their earnings locally) on the other hand continued to struggle. This comes off the back of poor results released by companies in the first half of 2019. The poor results are generally reporting particular difficulty in passing on rising input costs (for instance, a higher fuel price), while demand (and therefore turnover) remains under pressure - this, of course, means that companies’ operating margins are under pressure and many have announced restructuring plans.
We believe that this fund gives investors a good balance of exposure to a diversified basket of global stock markets, shares and currencies. We continue to actively seek investment opportunities in the local and global markets
This general equity fund aims to provide long-term capital growth while promoting sustainable and responsible investing. The fund invests in JSE listed companies that are viable and sustainable, and have a clear commitment to job creation, skills development, affirmative action, sound environmental practices and effective corporate governance. It also aims to achieve long-term investment returns in excess of inflation.
This is a medium to higher risk fund. The fund is exposed to share price movements, which are affected by the activities of individual companies, general market conditions as well as global and local political and economic changes.