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-17.5  /  -0.47%

3719.09

NAV on 2019/01/16
NAV on 2019/01/15 3736.59
52 week high on 2018/09/05 4349.05
52 week low on 2018/03/26 3295.07
Total Expense Ratio on 2018/09/30 1.59
Total Expense Ratio (performance fee) on 2018/09/30 0
NAV Incl Dividends
1 month change -4.14% -4.14%
3 month change -5.2% -5.2%
6 month change -1.07% -1.07%
1 year change 0.61% 0.61%
5 year change 6.46% 6.46%
10 year change 0% 0%
Price data is updated once a day.
  • Sectoral allocations
Liquid Assets 35.74 0.89%
Offshore 3967.45 99.11%
  • Top five holdings
FINANCEINSTIT 35.74 0.89%
  • Performance against peers
  • Fund data  
Management company:
Foord Unit Trusts Limited
Formation date:
2006/03/01
ISIN code:
ZAE000164935
Short name:
U-FRDINTF
Risk:
Unknown
Sector:
Global--Multi Asset--Flexible
Benchmark:
The ZAR equivalent of the MSCI World Equities index (developed markets)
Contact details

Email
unittrusts@foord.co.za

Website
http://www.foord.co.za

Telephone
021-532-6969

  • Fund management  
Dave Foord
Dave Foord founded Foord Asset Management in 1981. Foord remains an independent, owner-controlled portfolio management business that focuses exclusively on investment management. For 30 years, Dave and the team at Foord have been delivering returns for their clients well in excess of market benchmarks. They have achieved this by consistently taking a long-term view and a contrarian approach when necessary.
Brian Arcese


  • Fund manager's comment

Foord International Feeder - Sep 18

2018/12/13 00:00:00
- Global equities (+0.4%) advanced despite monetary policy tightening, trade war escalation and emerging markets jitters - but emerging markets were mixed with oil exporters Russia (+9.8%) and Brazil (+7.0%) outperforming oil importers India (-9.1%) and China (-1.4%)
- Chinese stocks (-1.4%) declined for the seventh month this year - the unresolved US/China trade war weighed on the fund's Chinese investments, most notably in leading Macau casino operators, Wynn Macau (-14.1%) and Sands China (-7.2%)
- European bourses (+0.4%) gained despite the ECB's plans to halve monthly bond purchases and Italy's new populist government targeting higher budget deficits - Fitch downgraded Italy's outlook to negative as bond spreads over German bunds reached levels last seen during the Eurozone crisis
- US pharmacy benefits manager and retail drug distributor CVS (+4.6%) led the portfolio's gains for the second month running - we expect the firm's acquisition of Aetna, a leading US managed care operator, will soon receive regulatory approval
- The US 10-year bond yield rose above 3.0% as the US Federal Reserve increased interest rates - while signalling further rate increases in 2018 and 2019
- Industrial metals prices rose as investors brushed aside new retaliatory US and Chinese tariffs and precious metals prices fell despite US dollar softness - the gold ETF is a hedge against inflation and US dollar risks, supported by the gold price approaching the marginal cost of production amid dwindling supply
- Oil (+6.8%) surged to a four-year high - OPEC and Russia defied calls from global leaders to ramp production because of impending US sanctions on Iran
- The US dollar was softer after recent strength - the fund's cash position rose modestly as the managers continue to position the portfolio conservatively
- The rand (+3.9%) recovered some of its recent losses as the year's emerging markets rout took a breather - but the unfolding global macro environment and weak SA economic fundamentals continues to leave the currency vulnerable
  • Fund focus and objective  
The objective of the fund is to provide investors with exposure to a portfolio of international equity and fixed interest securities, constructed with the purpose of maximising return with minimum risk. This is achieved through direct investment into the Foord International Trust, which aims to produce an annualised return over time in excess of 10% in US dollars, thereby expecting to outperform world equity indices. The fund provides South African investors with an opportunity to diversify their portfolios offshore and to hedge against rand depreciation.
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