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2.3  /  1.19%

192.87

NAV on 2019/01/18
NAV on 2019/01/17 190.57
52 week high on 2018/09/05 239.76
52 week low on 2018/03/26 175.04
Total Expense Ratio on 2018/09/30 2.33
Total Expense Ratio (performance fee) on 2018/09/30 0
NAV Incl Dividends
1 month change -2.03% -2.03%
3 month change -10.06% -10.06%
6 month change -7.3% -7.3%
1 year change -2.62% -2.59%
5 year change 6.65% 6.65%
10 year change 0% 0%
Price data is updated once a day.
  • Sectoral allocations
Liquid Assets 2.25 2.82%
Offshore 77.58 97.18%
  • Top five holdings
ALLERGAN 4.50 6.33%
CVSCORP 2.61 3.66%
SYNAPTICSINC 2.29 3.21%
SIEMENS 2.24 3.15%
PROCTER&GAMBL 2.18 3.07%
  • 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
Contact details

Email
No email address listed.

Website
No website listed.

Telephone
021-947-9111

  • Fund management  
Shamier Khan


  • Fund manager's comment

Element Islamic Global Equity SCI - Comment Sep 18

2019/01/04 00:00:00
Quarterly Commentary
The Element Global Equity SCI Fund realised a total return in ZAR of 6% for the quarter to the end of September 2018, underperforming the benchmark (MSCI All World Index Total Return in ZAR) performance of 8.1% over the same period.
Global Equity Indices benefitted from an increase in the share prices of global tech companies, particularly the “FAANG” shares (Facebook, Amazon, Apple, Netflix & Google) that continue to be the global equity bull market leaders. The Fund is underweight these global tech heavyweights – contributing to its underperformance for the quarter.
The September 2018 quarterly performance brings the rolling one year total performance of the Fund in ZAR to 12.6% (note that Fund returns are shown net of fees) and annualised over the last three years to 10.1% (note that all returns are net of fees). The ZAR performance of the Fund benefitted from the weakening of the Rand over the 12 months ending September 2018.
  • 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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