13.98 /
1.05%
1333.31
NAV on 2021/03/01
| NAV on 2021/02/26 |
1319.33 |
| 52 week high on 2021/03/01 |
1333.31 |
| 52 week low on 2020/03/19 |
915.91 |
| Total Expense Ratio on 2020/12/31 |
1.57 |
| Total Expense Ratio (performance fee) on |
0 |
| Fixed Interest |
28.62 |
11.47% |
| General Equity |
60.90 |
24.40% |
| Liquid Assets |
7.49 |
3.00% |
| Managed |
124.28 |
49.80% |
| Real Estate |
4.41 |
1.77% |
| Spec Equity |
23.86 |
9.56% |
|
U-PRUALLO |
37.14 |
14.88% |
|
U-FAIRTRE |
30.96 |
12.4% |
|
U-INVEQU |
29.95 |
12% |
|
U-CORSTRI |
28.62 |
11.47% |
|
U-PSGOPP |
25.37 |
10.17% |
Management company:
IP Management Company |
Formation date:
2014/09/01 |
ISIN code:
ZAE000193785 |
Short name:
U-FGIPNEP |
Risk:
Unknown |
Sector:
South African--Multi Asset--High Equity |
Benchmark:
Average of the SA-Multi Asset-High 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 Neptune Growth Fund of Funds - Dec 19
2020/02/20 00:00:00
The FG IP Neptune Growth Fund of Funds returned +1.78% in December, outperforming the benchmark peer group average which returned +1.14% 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 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%, 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. The All Bond Index ended the year off by returning +1.68% in the month. Resources returned +6.97% outperforming Financials +0.74% and Industrial index +2.32%. Fairtree Equity Prescient Fund was the best performing underlying fund, returning +7.69%, as the fund’s resources alloca..on contributed posi..vely to performance. No changes were made to the fund during the month.
The fund aims to achieve total returns in excess of the average of the SA - Multi Asset - High Equity Category - net of fees over the long term. The portfolio invests in collective investment schemes investing predominately in equities, bonds, listed property and money market instruments, both locally and abroad. This fund is ideal for an investor who strives to gain exposure to various asset classes, but is not confident enough to time their entry into or exit out of specific market sectors. The Fund is Regulation 28 compliant.
