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-57.05  /  -2.52%

2263.38

NAV on 2020/02/25
NAV on 2020/02/24 2320.43
52 week high on 2020/02/20 2350.81
52 week low on 2019/02/26 1817.74
Total Expense Ratio on 2019/12/31 1.66
Total Expense Ratio (performance fee) on 2019/12/31 0.44
NAV Incl Dividends
1 month change 2.59% 2.59%
3 month change 8.81% 8.81%
6 month change 8.47% 8.47%
1 year change 24.69% 24.69%
5 year change 14.29% 14.34%
10 year change 0% 0%
Price data is updated once a day.
  • Sectoral allocations
Liquid Assets 30.34 5.99%
Spec Equity 6.48 1.28%
Offshore 469.74 92.73%
  • Top five holdings
APPLE 22.94 4.53%
MICROSOFT 21.45 4.23%
JPMORGAN 20.66 4.08%
PROCTER&GAMBL 18.62 3.68%
LAMRESEARCH 17.80 3.51%
  • Performance against peers
  • Fund data  
Management company:
IP Management Company
Formation date:
2014/02/05
ISIN code:
ZAE000183935
Short name:
U-GLOBIPO
Risk:
High
Sector:
Global--Multi Asset--Flexible
Benchmark:
85% MSCI World Index and 10% US Cash (Barclays Benchmark Overnight USD Cash Index), 5% Short Term Fixed Interest Composite (STFIND), in rands.
Contact details

Email
clientservices@ipmc.co.za

Website
No website listed.

Telephone
021-673-1340

  • Fund management  
Tony Bell
Tony manages our range of target return, absolute return and managed equity product offerings. He has over 24 years investment experience and was previously the chief investment officer of Syfrets and Nedcor Investment Bank Asset Management (NIBAM). Tony joined the company in 2000 as head of business development, returning to his fund management roots in October 2008.
After assuming responsibility for the target return funds, Tony worked with Fernando Durrell to develop a sophisticated asset allocation framework that is able to adjust to a range of different macro environments. This process, together with active stock and bond selection has had a marked impact on the performance of Vunani Fund Managers’ suite of target return funds. Tony has, in addition, worked with Fernando in developing the absolute return offering.

Tony holds a Masters degree from the University of Stellenbosch. His thesis explored determinants of the price formation process of equities.


  • Fund manager's comment

Global IP Opportunity comment - Sep 19

2019/10/31 00:00:00
Financial markets around the globe continue to reflect vulnerability. Vulnerability in political discourse, in trade discussions, in agreement on climate change, and, most recently, on the strength of the US economy. Large scale protests in Hong Kong speak of a populace that no longer trusts the system of representation. UK Prime Minister Johnson, similarly, prorogues parliament in order to circumvent the normal checks and balances leading up to the October Brexit deadline. And all of this while the Zondo commission in South Africa enters its 180th day. No wonder then that businesses have scaled back on new hires and new capital projects. In looking at the most recent dynamic of the 'repo' market at the Fed, we are concerned, particularly in light of the ever-increasing funding shortfalls that sent overnight rates in the US as high as 10 percent. These global forces impacted equity markets in early September through a marked rotation away from 'momentum' and 'growth' to 'value' as p:e multiples in the former contracted rather sharply.
We remain defensively positioned with a high cash weighting and a position in gold while monitoring positioning in each of the quality stocks held in your portfolio.
  • Fund focus and objective  
The GLOBAL IP OPPORTUNITY FUND is a Multi Asset flexible fund, investing primarily in foreign markets. The objective of this portfolio is to achieve capital appreciation over the medium to long term. There will be no limitations on the relative exposure of the portfolio to any asset class.
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