1.26  /  1.02%

123.79

NAV on 2020/07/31
NAV on 2020/07/30 122.53
52 week high on 2020/05/04 125.18
52 week low on 2020/03/24 96.26
Total Expense Ratio on 2020/06/30 1.63
Total Expense Ratio (performance fee) on 2020/06/30 0
NAV
Incl Dividends
1 month change 2.22% 2.22%
3 month change 1.58% 1.58%
6 month change 6.79% 6.79%
1 year change 18.22% 18.22%
5 year change 0% 0%
10 year change 0% 0%
Price data is updated once a day.
Click and drag to zoom in on timeline.
  • Sectoral allocations
Liquid Assets 0.16 1.02%
Offshore 15.13 98.98%
  • Top five holdings
PGBALF 15.13 98.98%
  • Performance against peers
  • Fund data  
Management company:
Prudential Portfolio Managers Unit Trusts Ltd.
Formation date:
2018/06/29
ISIN code:
ZAE000259388
Short name:
U-GLOBAFP
Risk:
Unknown
Sector:
Global--Multi Asset--High Equity
Benchmark:
65% MSCI ACWI; 5% FTSE EPRA/NAREIT Global REIT index; 25% Bloomberg Barclays Global Aggregate Bond index; 5% US Dollar Libor
Email
info@prudential.co.za

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

Telephone
021-670-5100

  • Fund management  
Marc Beckenstrater
Marc is Chief Investment Officer at Prudential Investment Managers. With over 20 years’ experience in investment management, Marc joined Prudential in 1999 and until December 2009 was the Head of Equity. He is responsible for equity research decision-making and performance, and heads the balanced mandate asset allocation process. Marc is Portfolio Manager of Prudential’s Balanced Fund and co-Manager of the Dividend Maximiser, both of which have won Raging Bull and Morningstar Awards.
Craig Simpson


  • Fund manager's comment

Prudential Global Balanced Fdr comment - Dec 19

2020/02/25 00:00:00
The year ended on a high note for global equities as investors were able to breathe a sigh of relief on the back of a firm Phase 1 trade agreement between the US and China, as well as a decisive Tory election victory in the UK that paved the way for a less-uncertain Brexit. These events helped to improve sentiment towards global growth in 2020, as did the backdrop of easy global monetary policy, sparking a strong global equities rally. US equity markets reached fresh record highs in late December, helping global equities record their best annual gains since 2009 - the MSCI All Country World Index returned 27.3% for the year (in US$). In the face of brighter growth prospects, the Fed left interest rates on hold, and its December “dot plot” forecast pointed to no changes through 2020 and one 25bp rate hike in 2021. The central bank also noted that the US economic outlook was favourable. In the Eurozone, Christine Lagarde (the ECB’s new President) kept interest rates on hold at its December meeting and confirmed that its bond buying stimulus programme had re-started on 1 November. The Chinese economy continued to slow during the month, hurt by the trade war’s negative impact on Chinese exports and manufacturing. The government’s ongoing stimulus measures, including tax cuts, infrastructure spending and lower bank reserve requirements, have helped to cushion the broader economy, but December saw increasing pressure on the central bank to initiate further monetary easing.
Looking at global market returns (all in US$), the MSCI All Country World Index delivered 3.6%, the Bloomberg Barclays Global Aggregate Bond Index returned 0.6%, while the EPRA/NAREIT Global Property REIT Index posted -0.3%. The rand strengthened 4.4% against the US dollar, 2.1% against the pound sterling and 2.5% versus the euro.
Rand strength against the US dollar dampened performance in December. In US dollar terms, exposure to US and European equities contributed to performance, together with global emerging market equities. In terms of fixed income, exposure to European corporate bonds and Mexican and South African government bonds added value for the month.
  • Fund focus and objective  
In order to achieve the portfolio's investment objectives, the PRUDENTIAL GLOBAL BALANCED FEEDER FUND will invest apart from assets in liquid form and listed and unlisted financial instruments will consist solely of participatory interests in a single portfolio of a collective investment scheme operated in territories with a regulatory environment which is to the satisfaction of the manager and trustee of a sufficient standard to provide investor protection at least equivalent to that in South Africa, namely the Prudential Global Balanced Fund under The Prudential Global Funds Limited ICAV Scheme, domiciled in Ireland.
The portfolio may from time to time invest in listed and unlisted financial instruments, in accordance with the provisions of the Act, and the Regulations thereto, as amended from time to time, in order to in order to hedge exchange rate risk where the portfolio is exposed to exchange rate risks.
Nothing in this supplemental deed shall preclude the Manager from varying the ratios of securities to best position the portfolio to achieve its objective in a changing economic environment or market conditions or to meet the requirements, if applicable, of any exchange as defined in terms of legislation and from retaining cash or placing cash on deposit in terms of the deed and this supplemental deed; provided that the Manager shall ensure that the aggregate value of the assets comprising the portfolio shall consist of securities and assets in liquid form of the aggregate value required from time to time by the Act.
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