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0.91  /  0.2%


NAV on 2019/09/13
NAV on 2019/09/12 461.98
52 week high on 2018/09/21 476.13
52 week low on 2019/01/04 441.67
Total Expense Ratio on 2019/03/31 1.57
Total Expense Ratio (performance fee) on 2019/03/31 0
NAV Incl Dividends
1 month change 1.35% 1.35%
3 month change -1.1% 0.75%
6 month change 1.44% 3.34%
1 year change -1.68% 2.09%
5 year change 1.21% 4.6%
10 year change 4.5% 7.72%
Price data is updated once a day.
  • Sectoral allocations
Basic Materials 129.34 5.07%
Consumer Goods 34.69 1.36%
Consumer Services 51.76 2.03%
Derivatives -0.17 -0.01%
Financials 233.83 9.17%
Gilts 652.41 25.59%
Health Care 9.66 0.38%
Industrials 26.90 1.05%
Liquid Assets 422.73 16.58%
Money Market 220.64 8.65%
Oil & Gas 0.53 0.02%
Technology 59.41 2.33%
Telecommunications 21.08 0.83%
Offshore 687.16 26.95%
  • Top five holdings
MM-09MONTH 75.22 2.95%
MM-02MONTH 60.22 2.36%
 NASPERS-N 52.85 2.07%
MM-07MONTH 30.08 1.18%
MM-08MONTH 25.06 0.98%
  • Performance against peers
  • Fund data  
Management company:
Old Mutual Unit Trust Managers (RF) (Pty) Ltd.
Formation date:
ISIN code:
Short name:
South African--Multi Asset--Medium Equity
Contact details




  • Fund management  
Hanno Niehaus
Hanno is currently part of the portfolio management team responsible for managing retail and institutional assets. His responsibilities include managing multi-asset class funds, as well as local and international equity portfolios.
Before joining Old Mutual Investment Group, Hanno worked in the UK for two years.
Since joining Old Mutual in 1998, Hanno has been involved in the management of
derivative, multi-asset class funds, equity portfolios and hedge funds.
Ziyaad Parker

  • Fund manager's comment

2019/08/20 00:00:00
The fund strives for long-term capital growth as well as some level of capital protection. Through the use of a quantitative risk model, the fund aims to profit from a rising share market and protect against capital losses in a weak market.
  • Fund focus and objective  
The fund strives for long-term capital growth as well as some level of capital protection. Through the use of a quantitative risk model, the fund aims to profit from a rising share market and protect against capital losses in a weak market. The fund invests across shares, bonds and cash - moving from shares into fixed-interest investments when the fund's value drops below a predetermined 'floor'. When markets start to move up, the fund increases its holdings in shares, tapping into these growth opportunities. The fund aims to protect at least 90% of the net investment over a 12-month period. The fund is ideally suited to the more risk averse investor whose priority is capital preservation but who still wants to participate in upside market growth. It suits investors who want: * Protection of invested capital * The level of capital protection to follow markets upwards * Active equity management This is a moderate risk fund (risk rating 3). The risk management model aims to protect the portfolio value at a forward 'floor' level. The model will adjust the portfolio's asset allocation dynamically to protect capital. This form of portfolio protection is not a guarantee, but clearly a protective strategy only. The protective strategy is effective over typical 12-month rolling periods. Short-term fund value fluctuations can occur. Derivatives will be used tactically to manage and limit downside risk, and to capture or lock in gains as and when they occur. Dynamic Floor Technology Equities are the key driver of long-term after tax returns in excess of inflation, but they introduce short-term capital risk. The manager therefore uses dynamic floor technology to reduce the risk of loss in the fund, whilst still allowing the fund to benefit from positive equity performance. In other words, dynamic asset allocation decisions are driven by a quantitative process that reduces exposure to riskier assets in a declining or volatile equity market in favour of more stable assets like cash. The opposite would apply in a rising equity market. Furthermore, as positive returns are generated above a certain level, so the floor is raised in order to protect these returns from future losses. The floor is typically set at 10% below current fund value, with a one-year time horizon. It does not represent a guarantee but reflects a target maximum loss in any one year whilst still giving the fund uncapped upside potential.
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