0.36 /
0.1%
372.8
NAV on 2020/07/31
| NAV on 2020/07/30 |
372.4396 |
| 52 week high on 2020/07/31 |
372.7987 |
| 52 week low on 2020/03/24 |
270.689 |
| Total Expense Ratio on 2020/03/31 |
2.05 |
| Total Expense Ratio (performance fee) on 2020/03/31 |
0 |
| Liquid Assets |
2.92 |
0.24% |
| Offshore |
1198.73 |
99.76% |
Management company:
STANLIB Collective Investments (RF) (Pty) Limited |
Formation date:
2000/09/08 |
ISIN code:
ZAE000025821 |
Short name:
U-SLMMIFF |
Risk:
Unknown |
Sector:
Global--Equity--General |
Benchmark:
MSCI World index (in rands) |
Kent Grobbelaar
STANLIB Multi-Manager
STANLIB Multi-Manager was established in 1999 and is the centre of excellence for multi-managed solutions within STANLIB. The investment team, led by Chief Investment Officer Joao Frasco, consists of an experienced team with a diverse set of investment skills. We have offices in Johannesburg and London, and currently have mandates in excess of R90 billion under stewardship. STANLIB Multi-Manager Funds are designed to deliver superior investment returns more consistently than through a single asset manager or mandate. Our approach allows investors’ to outsource the fund / manager selection decision, which includes the ongoing due diligence of managers and construction of portfolios, to meet pre-defined objectives over time. Risk management is a fundamental component of our investment philosophy and process and is therefore approached holistically. It permeates every part of our investment process, requiring participation and accountability from all individuals involved in the process.
Renate Potgieter
STANLIB MM Global Equity comment - Dec 19
2020/03/02 00:00:00
Global equities returned 7.3% for the quarter in rand terms. While this appears high, most of the performance was driven by the rand losing 7.4% of its value against the US dollar – falling from R14.09 in June to R15.14 in September. If one takes a closer look at the numbers, besides the S&P 500, most equity markets produced negative returns in the third quarter. The sell-off happened in July and August when market participants became more concerned about slowing global trade as a result of US/China trade tensions.
Central banks tried to soften the blow by engaging in expansionary monetary policies, but their efforts fell short. The US Federal Reserve cut interest rates twice by 25 basis points in each of its meetings during the quarter. The European Central Bank governor, Mario Draghi, gave Europeans a parting gift as his term drew to an end in October. He cut the deposit rate by 10 basis points to negative 0.5% and reintroduced quantitative easing, introducing €20 billion of monthly bond purchases. Global bonds performed better than equities, returning 8% in rand terms. Yields fell in most developed markets. The 10-year US government bond fell 34 basis points to 1.66% and in Japan, yields retreated to negative 21 basis points. In Europe, German bunds are now yielding negative 0.57%.
The Fund adopts a multi-managed approach to investing and blends different skilled and experienced active equity managers and strategies (with some passive and risk premium strategies). This is a global-only portfolio and invests in equities (all industries and sectors, and all capitalisations sizes) listed in global equity markets. The Fund provides investors with access to opportunities in global equity markets while aiming to deliver investors with high capital growth over the long-term. The Fund's objective is to outperform the global equity benchmark over the long-term.
