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58.18  /  3.13%

1859.38

NAV on 2021/02/25
NAV on 2021/02/24 1801.2
52 week high on 2021/02/25 1859.38
52 week low on 2020/03/24 1165.16
Total Expense Ratio on 2020/09/30 1.28
Total Expense Ratio (performance fee) on 2020/09/30 0
NAV
Incl Dividends
1 month change 4.17% 4.17%
3 month change 10.22% 10.22%
6 month change 14.42% 14.42%
1 year change 17.22% 17.22%
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 6.56 1.81%
Spec Equity 355.50 98.18%
Offshore 0.01 0.00%
  • Top five holdings
O-GLSTDAC 355.50 98.18%
  • Performance against peers
  • Fund data  
Management company:
Glacier Management Company Limited
Formation date:
2004/04/02
ISIN code:
ZAE000072781
Short name:
U-INNOCUR
Risk:
Unknown
Sector:
Global--Equity--General
Benchmark:
MSCI World
Email
client.services@glacier.co.za

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

Telephone
021-917-9002 / 0860 GLA ENG

  • Fund management  
Paul Wilson


  • Fund manager's comment

Glacier Int Multi-Currency comment- Jun 13

2013/08/29 00:00:00
The portfolio currently invests in all maturities over the very short end of the yield curve on all deposits. The portfolio provides investors with an ideal hedge against rand depreciation and access to a well-diversified portfolio of developed market currencies
Market review
The rand (ZAR) appreciated slightly against the US dollar (USD), British pound (GBP), Euro (EUR) and the Yen (JPY) during the month of June.
USD
Three-month US dollar deposits trade at 0.18% during the month. The FOMC decided to leave the Fed Fund Target Rate unchanged on the 19th of June at 0.25%. The next meeting will take place on the 31st of July and we expect that the Fed Fund Target Rate will remain unchanged.
EUR
Three-month EUR deposits trade at 0.04% during the month. The European Central Bank (ECB) decided to leave its policy rate unchanged at 0.50% on the 6th of June. Looking forward market expectation is that the ECB could leave interest unchanged at the next meeting on the 1st of August.
GBP
Three-month GBP deposits trade at 0.51% during the month. The Bank of England (BOE) left interest rates unchanged at 0.50% on the 6th of June. We expect the BOE to leave interest rates unchanged at 0.50% at its next meeting on the 1st of August.
  • Fund focus and objective  
The Fund is a feeder fund that invests in the FSB-approved Dodge & Cox Global Stock Fund, managed by Dodge & Cox Worldwide Investments. The objective of the fund is to provide long-term growth of capital and income through exposure to global equity markets.
The underlying fund seeks to achieve its objective by investing primarily in a diversified portfolio of equity securities from at least three countries anywhere in the world, including emerging markets. The underlying fund will invest at least 40% of its net asset value in securities of non-US companies.
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