115.44 /
2.35%
4921.61
NAV on 2021/02/25
| NAV on 2021/02/24 |
4806.17 |
| 52 week high on 2020/04/21 |
5441.67 |
| 52 week low on 2020/03/13 |
4365.96 |
| Total Expense Ratio on 2020/12/31 |
1.72 |
| Total Expense Ratio (performance fee) on 2020/12/31 |
0 |
| Liquid Assets |
40.91 |
1.15% |
| Offshore |
3510.86 |
98.85% |
|
FINANCEINSTIT |
40.91 |
1.15% |
Management company:
Foord Unit Trusts Limited |
Formation date:
2006/03/01 |
ISIN code:
ZAE000078200 |
Short name:
U-FRDINTF |
Risk:
Unknown |
Sector:
Global--Multi Asset--Flexible |
Benchmark:
The ZAR equivalent of the MSCI World Equities index (developed markets) |
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
Foord International Feeder - Dec 19
2020/02/19 00:00:00
„h Global developed market equities (+3.0%) advanced amid signs of improving global growth and US-China trade optimism ¡V capping the best annual performance (+27.7%) in a decade
„h US equities (+2.9%) underperformed developed market peers ¡V UK (+5.2%) and European bourses (+3.9%) outperformed as the Tories won the biggest majority in UK elections since 1987, providing some clarity around Brexit
„h Developed market bond yields rose marginally on improved global growth expectations ¡V but are anchored at very low levels with the US Federal Reserve suggesting that low interest rates would persist for most of 2020
„h The US dollar weakened against the euro (+1.8%), pound (+2.4%) and yen (+0.8%) ¡V the pound and euro rallied on improved prospects of a Brexit trade deal „h UK-based diversified energy supplier SSE plc (+10.7%) contributed meaningfully following the landslide conservative party electi on win ¡V the risk of a potential labour government nationalising utilities severely diminished
„h The fund¡¦s small position in UK-Dutch transnational large consumer goods company, Unilever NV (-4.8%) detracted ¡V following a weaker than expected guidance update for 1H2020
„h Precious metals gold (+3.7%) and silver (+6.4%) advanced on a weaker dollar ¡V driving the gold ETF (+3.9%) and Wheaton Precious Metals (+7.6%) holdings higher
„h Equities remain the most attractive asset class, but the managers are cautious ¡V the fund is defensively positioned with a meaningful cash position and sizeable precious metals exposure to protect capital in case of a market dislocation
„h The rand advanced against the US dollar (+4.6%) on renewed emerging market risk appetite and broad-based EM currency strength ¡V but the unit is vulnerable leading up to next month¡¦s budget speech and Moody¡¦s downgrade decision
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.
