You are currently viewing our desktop site, do you want to download our app instead?
Moneyweb Android App Moneyweb iOS App Moneyweb Mobile Web App

2.41  /  0.77%

313.02

NAV on 2021/02/25
NAV on 2021/02/24 310.6149
52 week high on 2020/08/06 317.9776
52 week low on 2020/03/19 284.9075
Total Expense Ratio on 2020/09/30 2.85
Total Expense Ratio (performance fee) on 2020/09/30 0
NAV
Incl Dividends
1 month change -1.17% -1.17%
3 month change 3.13% 3.13%
6 month change 0.68% 0.68%
1 year change 4.31% 4.31%
5 year change 0.58% 0.62%
10 year change 5.18% 5.83%
Price data is updated once a day.
Click and drag to zoom in on timeline.
  • Sectoral allocations
Fixed Interest 11.76 28.73%
General Equity 26.06 63.70%
Liquid Assets 1.80 4.39%
SA Bonds 0.02 0.04%
Spec Equity 1.28 3.14%
  • Top five holdings
U-INDTECH 26.06 63.7%
U-AGMM 4.55 11.12%
U-AHMM 3.61 8.81%
U-RECMMM 3.60 8.8%
U-SATMSCI 1.22 2.99%
  • Performance against peers
  • Fund data  
Management company:
Itransact Fund Managers (RF) (Pty) Ltd.
Formation date:
2004/12/15
ISIN code:
ZAE000063277
Short name:
U-INDBALA
Risk:
Unknown
Sector:
South African--Multi Asset--Medium Equity
Benchmark:
50% BEASSA ALBI Index and 50% FTSE/JSE All Share Index
  • Fund management  
Chris Meyer
Chris acquired extensive knowledge and experience in his 12 years as a qualified Chartered Accountant in a number of challenging managerial positions. Upon completion of his articles at the accounting and auditing firm, Theron Du Toit (Clients included Technicon SA, Trust Bank, Simba and Vetsak) he was promoted to an assistant manager, before joining the head office of the South African Department of Finance for compulsory national service. During this period, Chris managed to acquire extensive specialised tax structuring knowledge and completed a Masters degree in Business Administration on a part time basis. He was appointed director of a number of subsidiaries in the Sechold Limited Group in July 1993 (acquired by Investec Bank Limited in March 1994). As a structured finance team he and Lourens van Rensburg successfully structured investment products for institutions and corporate clients. Their portfolio of investments progressively grew into a few hundred million by early 1995 and the subsidiaries under their management contributed materially to the group's net income. Following on the success in the corporate world Chris ventured out to form the Indequity group with his colleague Lourens van Rensburg in May 1995. Through hard work and determination they, together with their dedicated team of employees, grew the business over the next couple of years into a niche financial services group. They listed the group at the end of 1998 on the Development Capital Market of the JSE Securities Exchange. Chris is currently an executive director of Indequity Group Limited and in addition to holding numerous directorships in the group he actively manages the Investments Division.In addition to his Masters degree, Chris also received BCom (Accountancy) and BCom (Hons) degrees from RAU. He qualified in 1988 and was admitted as a Charted Accountant to the South African Institute of Charted Accountants in 1991 on completion of his articles.


  • Fund manager's comment

Indequity Balanced Value FoF comment - Sep 09

2009/11/11 00:00:00
The funds' portfolio manager has noticed a number of positive indicators that the global economy is in the process of recovering, however he continuous to be cautious. Capital protection is regarded as more important than squeezing out that extra 1% return. There is however a saying in the market 'Never bet against the market' and as such a number of changes was made to the portfolio. These adjustments were made in both asset allocation of the portfolio (moving more of the cash into equities) as well as moving funds between managers. Amongst other the manager has switched some of the portfolio's funds into the Allan Gray Bond fund, ABSA Select Equity fund, Sanlam SIM Top Choice Equity fund and the Coronation Top 20 fund. These funds have performed strongly during the past 12 & 36 month periods. As a fund of funds the Indequity Balanced Value fund provides investors with a diversified portfolio amongst different asset classes as well as into top performing fund managers. The funds manager is constantly evaluating the wide range of unit trust options in the market and adjusts the funds portfolio for the benefit of its investors. The Global economy continuous to be in difficult waters and a further recovery from the current market levels might be slow.
  • Fund focus and objective  
The fund seeks to provide investors with a balance between capital growth, and income from dividends and interest received on investments. The portfolio aims to maintain an equity exposure between 40 and 60% at all times. From time to time surplus cash positions are held in anticipation of the identification of appropriate investment opportunities. The portfolio's investment style is one of value investing (an investment strategy based on buying shares which is trading at less than its' true worth) and is managed in accordance with a typical pension fund portfolio.
INSIDER SUBSCRIPTIONS APP VIDEOS RADIO / PODCASTS SHOP OFFERS WEBINARS NEWSLETTERS TRENDING PORTFOLIO TOOL CPD HUB

Follow us:

Search Articles: Advanced Search
Click a Company: