NAV on 2017/11/24
|NAV on 2017/11/23
|52 week high on 2017/09/21
|52 week low on 2016/11/25
|Total Expense Ratio on 2017/06/30
|Total Expense Ratio (performance fee) on 2017/06/30
Catalyst Fund Managers (Pty) Ltd.
South African--Real Estate--General
FTSE/JSE SA Listed Property index (SAPY) J253T
Catalyst Fund Managers was established in 2001 as a specialist in managing real estate investments. Real estate investment, both South African and global, is our speciality and our passion. It’s what energises us and keeps us motivated. The business was borne out of a firm belief in the distinctive benefits of including this asset class in an investment portfolio. In addition to our specialist expertise and experience, we manage our clients’ money like our own, always considering that there are individual goals, specific needs and hopes behind every investment.
Catalyst SA Property Equity Fund Comment - Jun 16
The SA Listed Property Index (SAPY) recorded a total return of 1.17% for the month ended June 2016. The yield to maturity (YTM) on the Long Term Government Bond Index strengthened by 57 bps during the month to end at 8.82% (9.39% - 31 May 2016). The SAPY historic yield ended the month at 5.96%.
SA Bonds recorded the highest total return (4.04%) of the four traditional asset classes for the month ended June 2016. SA Listed Property (1.17%), Cash (0.59%) and SA Equities (-3.02%) were the next best performing asset classes. Over a 12 month period SA Listed Property continues to outperform other asset classes, recording a total return of 11.04%, SA Equities was the next best performing asset class (6.85%) followed by SA Bonds (5.24%) and SA Cash (3.83%).
Real estate fundamental are challenging. Hands on management with good asset management skill will outperform. The listed property sector is expected to remain volatile over the short term while capital markets volatility exists.
Over the long term, we expect real estate fundamentals to drive performance and it is expected that growth with income will match inflation.
The Catalyst SA Property Equity Prescient Fund is an actively managed fund, which has a total return objective and seeks to offer investors a return in excess of the South African domestic property equity markets. The fund has a medium to longer term investment horizon.
In order to achieve this investment objective the securities normally to be included in the portfolio will primarily consist of property shares, property loan stock, participatory interests in collective investment schemes in property, financial instruments, assets in liquid form and non-equity securities which are considered consistent with the portfolio's primary objective and that the Act or the Registrar may allow from time to time, all to be acquired at fair market value.
The intention of the fund is to be fully invested in SA real estate securities; however an alternate allocation of up to 25% of the total fund value is permitted.
The minimum cash holding of the fund is subject to CIS restrictions applicable at that time.