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0.34  /  0.32%


NAV on 2019/11/18
NAV on 2019/11/15 105.3355
52 week high on 2019/11/06 105.8811
52 week low on 2019/01/04 97.6079
Total Expense Ratio on 2019/06/30 1.38
Total Expense Ratio (performance fee) on 2019/06/30 0
NAV Incl Dividends
1 month change 0.67% 0.67%
3 month change 1.31% 2.24%
6 month change 2.67% 4.15%
1 year change 5.41% 7.52%
5 year change 0% 0%
10 year change 0% 0%
Price data is updated once a day.
  • Sectoral allocations
Bonds 32.30 6.72%
Fixed Interest 31.61 6.58%
General Equity 45.92 9.55%
Liquid Assets 93.92 19.54%
Money Market 100.18 20.84%
Real Estate 17.98 3.74%
Spec Equity 22.78 4.74%
Offshore 135.96 28.29%
  • Top five holdings
MONEYMARK 100.18 20.84%
U-SBNDINX 32.30 6.72%
U-SBKCMM 31.61 6.58%
U-FAIRTRE 23.64 4.92%
U-ADVEQID 22.78 4.74%
  • Performance against peers
  • Fund data  
Management company:
Ci Collective Investments (RF) Prop Ltd.
Formation date:
ISIN code:
Short name:
South African--Multi Asset--Low Equity
South African Multi Asset Low Equity Category Average
Contact details



011 463 5656

  • Fund management  
Mia Kruger

  • Fund manager's comment

Kruger Ci Prudential 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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