0.28  /  0.12%

242.7

NAV on 2020/07/31
NAV on 2020/07/30 242.42
52 week high on 2020/04/28 245.64
52 week low on 2020/03/17 187.14
Total Expense Ratio on 2020/03/31 2.26
Total Expense Ratio (performance fee) on 2020/03/31 0
NAV
Incl Dividends
1 month change 1.68% 3.38%
3 month change -0.25% 1.43%
6 month change 6.1% 7.88%
1 year change 18.28% 20.64%
5 year change 5.85% 6.49%
10 year change 0% 0%
Price data is updated once a day.
Click and drag to zoom in on timeline.
  • Sectoral allocations
Liquid Assets 2.05 2.39%
Specialist Securities 4.01 4.67%
Offshore 79.72 92.94%
  • Top five holdings
U-NEWGOLD 4.01 4.67%
PROCTER&GAMBL 3.43 4%
NESTLESA 3.42 3.99%
SIEMENS 3.27 3.81%
MICROSOFT 2.80 3.27%
  • Performance against peers
  • Fund data  
Management company:
Sanlam Collective Investments
Formation date:
2012/10/29
ISIN code:
ZAE000166955
Short name:
U-ELEISGL
Risk:
Unknown
Sector:
Global--Equity--General
Benchmark:
Dow Jones Islamic Market World Index Total Return
Email
No email address listed.

Website
No website listed.

Telephone
021-947-9111

  • Fund management  
Terence Craig
Terence joined Element Investment Managers in April 2001 and was appointed as a director and chief investment officer. He has worked in financial services since 1991. Prior to joining Element Investment Managers, Terence qualified as a chartered accountant after completing his articles with Ernst & Young and then worked at Allan Gray Ltd as an equity analyst and portfolio manager. In 1998 he became a director of Taita, a private equity house. At UCT he was awarded: Standard Bank University Scholarship, UCT Entrance Merit Scholarship, was on the Dean's Merit List in 1988 and was awarded the class medal for Business Finance (his Business Science special field) and the class medal for Applied Business Statistics II. Terence has been responsible for the investment process and investment team since joining Element Investment Managers over five years ago.
Shamier Khan


  • Fund manager's comment

Element Islamic Global Equity SCI - Comment - Dec

2020/02/26 00:00:00
Element Islamic Global Equity SCI Fund realised a total return of +0.7% for the quarter to the end December 2019, behind its benchmark (DJ Islamic World Index Total Return in ZAR) performance of +1.7%. This performance brings the one-year total performance of the Fund to +16.3% versus the benchmark performance of +27.2%.
Annualised performance over the last three years is +5.7% (net of fees) versus the benchmark performance of +16.5% and five-year performance is +6.9% (net of fees) versus the benchmark performance of +14.4%. The fund’s longer-term performance has underperformed its benchmark due to its underweight exposure to global tech stocks and its exposure to the European markets, specifically the UK market.
  • Fund focus and objective  
The investment policy followed by the manager will focus on achieving growth for investors by investing in international equity securities, listed property, money market instruments and assets in liquid form that have been approved for investment by the Shari'ah Supervisory Board from time to time.
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