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  •  Element Global Equity Sanlam Collective Investments Fund (B)

2.32  /  0.58%

398.16

NAV on 2021/01/15
NAV on 2021/01/14 395.84
52 week high on 2021/01/11 403.4
52 week low on 2020/03/17 279.13
Total Expense Ratio on 2020/09/30 2.42
Total Expense Ratio (performance fee) on 2020/09/30 0
NAV
Incl Dividends
1 month change 8.75% 8.75%
3 month change 9.77% 9.77%
6 month change 10.62% 10.62%
1 year change 13.75% 15.04%
5 year change 7.2% 7.56%
10 year change 0% 0%
Price data is updated once a day.
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  • Sectoral allocations
Liquid Assets 3.25 6.40%
Offshore 47.51 93.60%
  • Top five holdings
SPDRGOLDS 2.31 4.55%
NOVARTIS 2.20 4.34%
SAMSUNG 2.07 4.08%
SIEMENS 2.06 4.06%
ROCHE 2.02 3.98%
  • Performance against peers
  • Fund data  
Management company:
Sanlam Collective Investments
Formation date:
2011/02/08
ISIN code:
ZAE000149985
Short name:
U-EGLBLEQ
Risk:
Unknown
Sector:
Global--Equity--General
Benchmark:
MSCI World Index Total Return
Email
No email address listed.

Website
No website listed.

Telephone
021-947-9111

  • Fund management  
Terence Craig
Terence joined Element Investment Managers in April 2001 and was appointed as a director and chief investment officer. He has worked in financial services since 1991. Prior to joining Element Investment Managers, Terence qualified as a chartered accountant after completing his articles with Ernst & Young and then worked at Allan Gray Ltd as an equity analyst and portfolio manager. In 1998 he became a director of Taita, a private equity house. At UCT he was awarded: Standard Bank University Scholarship, UCT Entrance Merit Scholarship, was on the Dean's Merit List in 1988 and was awarded the class medal for Business Finance (his Business Science special field) and the class medal for Applied Business Statistics II. Terence has been responsible for the investment process and investment team since joining Element Investment Managers over five years ago.
Andrew Bishop


  • Fund manager's comment

Element Global Equity SCI Fund - Dec 19

2020/02/26 00:00:00
The Element Global Equity SCI Fund (“Fund”) realised a total return in ZAR of +0.3% for the quarter to the end of December 2019, marginally underperforming the benchmark (MSCI All World Index Total Return in ZAR) performance of +0.5% over the same period.
The December 2019 quarterly performance brings the rolling one-year total performance of the Fund in ZAR to +18.7% (below the benchmark’s return of +24.8%) and annualised over the last three years to +10.6% p.a. (note that all returns are net of/after fees). The ZAR strengthened by +8% and +2% over the quarter and year respectively despite various challenges facing the South African economy - such as Government’s weak and deteriorating balance sheet, Eskom’s load-shedding and slow economic growth.
Global Equities performed well over the year with the MSCI World Index up +28.4% in US $. This strong performance was driven by large global technology companies listed in the USA including Apple (+86%), Microsoft (+55%), Facebook (+57%), Amazon (+23%) and Alphabet (+29%). The Fund underperformed owing to its lower exposure to this sector.
  • Fund focus and objective  
The Element Global Equity Fund is a rand denominated foreign general equity fund that invests in a concentrated portfolio of highest conviction global equity securities. The fund will focus on achieving long-term capital appreciation without concentrating on income requirements. The fund aims to achieve this growth for investors by investing in a spread of equity securities across the globe, listed on exchanges that are full members of the World Federation of Exchanges, thereby creating an internationally diversified equity portfolio for investors. Epoch Investment Partners, a global equity manager, will assist with the equity selection process. Epoch is an investment firm with a suitable alignment of investment philosophies, processes and ethos to our firm.
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