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-0.21  /  -0.08%

253.46

NAV on 2019/07/23
NAV on 2019/07/22 253.67
52 week high on 2018/08/28 286.27
52 week low on 2019/06/04 248.97
Total Expense Ratio on 2019/03/31 2.55
Total Expense Ratio (performance fee) on 2019/03/31 0.81
NAV Incl Dividends
1 month change 0.13% 0.13%
3 month change -5.26% -2.25%
6 month change -5.36% -1.9%
1 year change -9.67% -3.38%
5 year change 0.75% 5.13%
10 year change 5.9% 11.07%
Price data is updated once a day.
  • Sectoral allocations
Financials 46.17 84.47%
Fixed Interest 2.26 4.13%
Liquid Assets 0.06 0.11%
Real Estate 6.17 11.28%
  • Top five holdings
 GROWPNT 9.70 17.75%
U-STXPROE 6.17 11.28%
 REDEFINE 5.99 10.96%
 FORTRESSA 3.67 6.71%
 VUKILE 3.15 5.77%
  • Performance against peers
  • Fund data  
Management company:
Sharenet Investments (Pty) Ltd.
Formation date:
2005/03/09
ISIN code:
ZAE000064739
Short name:
U-DWPROP
Risk:
Unknown
Sector:
South African--Real Estate--General
Benchmark:
FTSE JSE SAPY J253T index
Contact details

Email
investments@sharenet.co.za

Website
www.sharenetinvestments.co.za

Telephone
021-700-4800

  • Fund management  
Kobus Louw
Kobus Louw hails from Port Elizabeth where he completed his B.Sc Hons degree, before graduating from Stellenbosch University with an MBA in 1988. He began his career in the actuarial division at Sanlam, later moving to the investment department. After a two-year period working at Unicorn Lines in Durban from 1979-80, Kobus helped to set up and manage an investment information systems department at Sanlam, after which he moved to the field of portfolio management at Sanlam Investment Management, eventually becoming head of Portfolio Management in 1998. In 1999, Kobus joined Cadiz Asset Management as one of its founding members in charge of new product development initiatives and the refocusing of the active management team's efforts. Kobus resigned from his position as Director and Chief Investment Officer at the end of 2004 and took up the CIO role at Contego Asset Management, focussing on the investment process and developing new offerings until 2016 when he joined Sharenet.
JC Louw
JC completed a B.Comm degree and MBA (Cum Laude) at Stellenbosch University. He started his career as part of the Greenwich Securities derivatives team in London in 1998. During his time in London he was exposed to a variety of global markets and asset classes, and became a member of the OTOB (European Derivative Exchange). In 2000 he joined Greenwich Asset Management in Cape Town as an investment analyst and a member of the investment team that later became part of NIB. In 2001he moved to PLJ Financial Services as a private client portfolio manager until 2003. JC was one of the founding members of Contego Asset Management and led the Asset Management division until 2016 when he joined Sharenet.
Sharenet Investments (Pty) Ltd.


  • Fund manager's comment

Clarus MET Property comment - Mar 14

2014/06/04 00:00:00
Uncertainty over whether interest rates will increase or not, contributed to fuel the volatility this quarter. The top performing stock in the fund was Delta Property Fund which had an impressive growth of 6.96% over the last 3 months. Redefine International and New Europe Property Investments (NEP) also grew strongly and ended the last quarter with increase in price of 5.98% and 5.30% respectively.
  • Fund focus and objective  
The Sharenet BCI Property Fund aims to deliver a high income yield as well as capital growth over the medium to long term. The investable universe of the portfolio will include equity and property securities, including companies that derive a material portion of their income from property investment, property collective investment schemes, property loan stock, interest bearing instruments, equity and non-equity securities as well as assets in liquid form. The portfolio will invest at least 80% of the market value of the portfolio in shares listed in the FTSE / JSE Real Estate industry group or similar sector of an international stock exchange and may include other high yielding securities from time to time. Up to 10% of the portfolio may be invested in shares outside the property sector in companies that conduct similar business activities. The portfolio may also 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 equal to that in South Africa. 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 Trustee shall ensure that the investment policy set out in this Supplemental Deed is carried out. For the purpose of this portfolio, the manager shall reserve the right to close the portfolio to new investors on a date determined by the manager. This will be done in order to be able to manage the portfolio in accordance with its mandate. The manager may, once a portfolio has been closed, open that portfolio again to new investors on a date determined by the manager.
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