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0.44  /  0.42%

105.79

NAV on 2019/11/18
NAV on 2019/11/15 105.3524
52 week high on 2019/11/06 106.4643
52 week low on 2019/01/04 94.9808
Total Expense Ratio on 2019/06/30 1.36
Total Expense Ratio (performance fee) on 2019/06/30 0
NAV Incl Dividends
1 month change 0.92% 0.92%
3 month change 3.55% 3.55%
6 month change 3.73% 4%
1 year change 6.82% 7.41%
5 year change 0% 0%
10 year change 0% 0%
Price data is updated once a day.
  • Sectoral allocations
Bonds 43.91 5.71%
Fixed Interest 13.69 1.78%
General Equity 131.64 17.12%
Liquid Assets 139.59 18.15%
Money Market 156.80 20.39%
Real Estate 15.74 2.05%
Spec Equity 40.11 5.21%
Offshore 227.64 29.60%
  • Top five holdings
MONEYMARK 136.44 17.74%
U-FAIRTRE 89.75 11.67%
U-SBNDINX 43.91 5.71%
U-CIENGEQ 41.89 5.45%
U-ADVEQID 40.11 5.21%
  • Performance against peers
  • Fund data  
Management company:
Ci Collective Investments (RF) Prop Ltd.
Formation date:
2018/03/14
ISIN code:
ZAE000250809
Short name:
U-KRUCIB
Risk:
Unknown
Sector:
South African--Multi Asset--High Equity
Benchmark:
South African Multi Asset High Equity Category Average
Contact details

Email
bianca@analytics.co.za

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

Telephone
011 463 5656

  • Fund management  
Mia Kruger


  • Fund manager's comment

Kruger Ci Balanced comment - Sep 19

2019/10/21 00:00:00
International: Equity markets around the globe had a tough August against a backdrop of economic and socio-political news flow, which reflected slowing global trade, as well as uncertainty with regards to political policy. According to Tantalum Capital, the G7-summit provided few noteworthy developments, other than a chance for President Trump to further his “America First” agenda. The US-China “eye for an eye” trade conflict did not do investors (other than those holding US Treasuries and gold) any favours. Despite some attempts by the Trump administration to allude that a deal is still possible, the latest tariff announcements from the US, followed by retaliation by their Chinese counterparts, represent a significant escalation in the trade war. The very nature of the uncertainty around how tensions may further escalate is becoming a great concern for economists, heightening risks of a reduction of investment due to a drop in business confidence. As if this is not enough to upset the global equity apple cart, Prime Minister Boris Johnson announced the suspension of the British Parliament, from the second week in September to the middle of October, in a move which critics argued is an attempt to hinder members of parliament to block a no-deal Brexit. Against this background markets retreated in August amid higher levels of volatility – the MSCI All Country -3.19% (+ 12.67%ytd); the Dow Jones -1.32% (+15.14%ytd); the S&P 500 -1.58% (+18.34%ytd) and the MSCI Emerging Markets Index which declined by -5.36% (+0.5%ytd) – all in US dollars.
Local: South African markets struggled, not only against a gloomy global outlook, but also against weak local economic data, Moody’s rating concerns, a delay in the restructuring of Eskom and political discontent – particularly about the possible implementation of prescribed assets for pension funds and developments around the latest National Health Insurance (NHI) proposals. Towards the end of the month, there was a silver lining though as Finance Minister Tito Mboweni published an economic strategy for South Africa. It is a comprehensive, detailed strategy and generally pragmatic. Most of the ideas have featured in policy proposals before, though some of the proposed (micro) interventions are fresh. Most importantly, this brings together the entire range of policy proposals and creates a sense of policy coordination and a holistic view of the required interventions (mostly from government, but in many areas it acknowledges that private sector contributions are not only required, but extremely helpful). The immediate response of financial markets illustrated that it was viewed in a positive light. The SA equity market declined in line with global EM markets in August – the FTSE/ JSE All Share index fell by -2.44% (+6.88%ytd). The entire fund range was up for the month, the International Flexible Feeder Fund (previously named Global FOF) by +5.00% (+17.11%ytd); Prudential Fund by +1.09% (+7.84%ytd); Equity by +0.22% (+7.92%ytd); Balanced FOF by + 0.27% (+6.83%ytd); Prudential FOF by +1.35% (+8.06%ytd) and the new Balanced Fund by +0.62% (+7.99%ytd).
  • Fund focus and objective  
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