2.19 /
1.16%
189.53
NAV on 2021/02/25
| NAV on 2021/02/24 |
187.34 |
| 52 week high on 2021/02/16 |
190.47 |
| 52 week low on 2020/03/23 |
130.01 |
| Total Expense Ratio on 2020/09/30 |
1.46 |
| Total Expense Ratio (performance fee) on 2020/09/30 |
0 |
| Basic Materials |
231.69 |
10.51% |
| Consumer Goods |
73.09 |
3.32% |
| Consumer Services |
91.76 |
4.16% |
| Derivatives |
0.70 |
0.03% |
| Financials |
224.45 |
10.18% |
| Fixed Interest |
44.05 |
2.00% |
| Gilt |
0.31 |
0.01% |
| Health Care |
9.96 |
0.45% |
| Industrials |
13.94 |
0.63% |
| Liquid Assets |
36.24 |
1.64% |
| Managed |
411.89 |
18.68% |
| Money Market |
18.78 |
0.85% |
| Real Estate |
9.29 |
0.42% |
| SA Bonds |
257.15 |
11.66% |
| Spec Equity |
10.99 |
0.50% |
| Specialist Securities |
17.58 |
0.80% |
| Technology |
119.59 |
5.42% |
| Telecommunications |
23.92 |
1.08% |
| Offshore |
609.42 |
27.64% |
Management company:
Alexander Forbes Investments Unit Trusts Limited |
Formation date:
2011/01/03 |
ISIN code:
ZAE000145819 |
Short name:
U-INSPERF |
Risk:
Unknown |
Sector:
South African--Multi Asset--High Equity |
Benchmark:
Alexander Forbes Large Manager Watch Global median |
Glenn T Silverman
Glenn qualified as a chartered accountant in 1990 after completing his articles with firm Kessel Feinstein. He then spent two years in commerce before joining a major asset management company where he gained two and a half years practical experience in research and fund management. He worked for the RMB Asset Management team before joining Investment Solutions
Alexander Forbes Investments
IS Perfomer Managed Fund comment - Mar 16
2016/06/28 00:00:00
The portfolio's returns were in the mid-single digits for the year and the quarter for it to be ahead of benchmark for both periods and ranked in the top half of the SA Large Manager Watch over three and 12 months to end-February. An exposure to Gold shares, diversified Miners and Sasol benefited the portfolio in a risk-on environment driven by dovish guidance from the Fed, as well as ECB rate cuts and QE expansion. Performer Local also benefited from being overweight the Property sector, which was boosted by falling bond yields across most emerging markets. Allan Gray provided the best returns. Positive stock selection, coupled with an overweight net equity exposure, drove performance during the quarter. Holding Anglos, Standard Bank, AngloGold and Netcare was positive.
The Manager shall apply a multi-manager investment management style in the management of the fund.
The Investment Solutions Performer Managed Fund's primary objective is to achieve long term capital growth through maintaining a high exposure to growth asset classes such as equities. The Investment Solutions Performer Managed Fund will invest in a wide range of local and global assets, with exposure to equities, bonds, listed property, cash and financial instruments as permitted by the Collective Investment Schemes Control Act No. 45 of 2002 ('CISCA') and subordinate legislation promulgated thereunder. The portfolio will have an equity exposure (including international equity) of above 60% at all times and will at all times be managed to comply with prudential requirements as required for retirement funds in South Africa. The portfolio will not be leveraged. The portfolio follows and active investment approach and the Manager will actively manage the exposure to various instruments and asset classes over time, including the allocation between local and offshore investments as permitted by the Collective Investment Schemes Control Act No. 45 of 2002 ('CISCA') and subordinate legislation promulgated thereunder.
The Manager may from time to time invest in participatory interest or any other form of participation in portfolios of collective investment schemes or other similar collective investment schemes as the Act may allow from time to time. Where the aforementioned schemes are administered in territories other than South Africa, participatory interest or any other form of participation in portfolios of these schemes will be included in the fund when such funds are invested within South Africa.
Nothing in the Supplemental Deed of the portfolio shall preclude the Manager from varying the ratios of securities, to maximise capital growth and investment potential either due to economic or market conditions or to meet the requirements, if applicable, of any exchange formally recognised in terms of legislation and from retaining cash or placing cash on deposit in terms of the Trust Deed and the Supplemental Trust Deed, provided that the Management Company shall ensure that the aggregate value of the assets comprising the fund shall consist of securities and liquid asset investments of the aggregate value required from time to time by the Act.
The Manager shall reserve the right to close the portfolio to new investors on a date determined by the Manager. This will be done in order to be able to manage the portfolio in accordance with its mandate. The Manager may, once a portfolio has been closed, open that portfolio again to new investors on a date determined by the Manager.
The Trustee shall ensure that the portfolio is managed in accordance with this investment policy at all times.
