7.82 /
0.46%
1697
NAV on 2021/03/01
| NAV on 2021/02/26 |
1689.18 |
| 52 week high on 2021/03/01 |
1697 |
| 52 week low on 2020/03/24 |
1467.41 |
| Total Expense Ratio on 2020/12/31 |
1.41 |
| Total Expense Ratio (performance fee) on |
0 |
| Bond Funds |
52.01 |
4.13% |
| Fixed Interest |
642.07 |
51.04% |
| General Equity |
129.65 |
10.31% |
| Liquid Assets |
37.52 |
2.98% |
| Managed |
191.57 |
15.23% |
| Real Estate |
24.36 |
1.94% |
| Spec Equity |
180.76 |
14.37% |
|
U-CORSTRI |
139.93 |
11.12% |
|
U-PSCINC |
137.95 |
10.97% |
|
U-SMIPICO |
137.70 |
10.95% |
|
U-NEDREN |
126.76 |
10.08% |
|
U-INDIVIN |
112.57 |
8.95% |
Management company:
IP Management Company |
Formation date:
2007/07/02 |
ISIN code:
ZAE000172011 |
Short name:
U-FGVENCA |
Risk:
Unknown |
Sector:
South African--Multi Asset--Low Equity |
Benchmark:
Average of the South African - Multi Asset - Low Equity Category |
FG Asset Management
FG Asset Management (FGAM) comprises the founders of the Firstglobal group, most of whom are approved as investment managers by the Financial Services Board, each having in excess of 10 years experience as financial advisors and discretionary portfolio managers. With a view to ensuring that the multi-manager services provided by FGAM include specialist and quantitative investment expertise, we have entered into a strategic partnership with the Analytics Group, one of the leading multi-manager and investment consulting operations in South Africa, who form part of the investment committee, in an advisory capacity.
FG IP Venus Cautious FoF Comment- Dec 19
2020/02/20 00:00:00
The FG IP Venus Cau..ous Fund of Funds returned (+0.54%) for the month of December, underperforming the benchmark peer group average which returned (+0.63%) over the month. December brought some posi..vity with regards to global growth concerns, as the US and China finally came to an agreement on a “phase one” trade deal and is set to sign the deal in the new year. The posi..ve trade deal outcome helped drive the performance of riskier assets, with EM equi..es returning +7.5% (MSCI Emerging Markets NR), outperforming developed market equi..es (+3.0%). Locally, South Africans were once again plagued by rolling blackouts for the first half of the month, with Eskom even announcing stage 6 load shedding, adding pressure to the already fragile South African economy, and further exposing the ailing state of SOEs. Local equi..es (FTSE/JSE All Share) lagged global equi..es returning +3.3% but s..ll outperformed local proper..es which returned 2.07%( SAPY). Investec Global Mul.. Asset Income Feeder Fund, was the worst performing underlying fund returning 3.27% as the rand appreciated +7.65% rela..ve to the US dollar. No changes were made to the fund during the month.
The fund is ideal for investors seeking a relatively low risk fund which aims to achieve total returns in excess of the average of the SA-Multi Asset-Low Equity Category – net of fees over the long term. The portfolio invests in collective investment schemes investing in equities, bonds, listed property and money market instruments, both locally and abroad. This fund is ideal for investors who strives to gain exposure to the stock, bond and money markets, but is not confident enough to time their entry into or exit out of specific market sectors. The Fund is Regulation 28 compliant.
