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

0.72  /  0.39%

184.58

NAV on 2021/02/25
NAV on 2021/02/24 183.86
52 week high on 2021/02/22 184.68
52 week low on 2020/03/24 142.36
Total Expense Ratio on 2020/09/30 1.97
Total Expense Ratio (performance fee) on 2020/09/30 0
NAV
Incl Dividends
1 month change 1.65% 1.65%
3 month change 5.04% 6.23%
6 month change 6.11% 7.31%
1 year change 6.82% 10.78%
5 year change 4.23% 7.39%
10 year change 0% 0%
Price data is updated once a day.
Click and drag to zoom in on timeline.
  • Sectoral allocations
Bond Funds 22.62 16.80%
Fixed Interest 30.15 22.40%
General Equity 24.80 18.43%
Liquid Assets 1.89 1.41%
Managed 11.77 8.75%
Real Estate 0.00 0.00%
SA Bonds 6.31 4.69%
Spec Equity 31.46 23.38%
Specialist Securities 5.59 4.15%
  • Top five holdings
U-CORTP20 14.83 11.02%
U-NEDFLXI 14.09 10.47%
U-AYEQUTY 13.66 10.15%
U-NEDGEFF 12.72 9.45%
U-CORBOND 11.83 8.79%
  • Performance against peers
  • Fund data  
Management company:
Boutique Collective Investments (RF) (Pty) Ltd.
Formation date:
2011/10/06
ISIN code:
ZAE000158366
Short name:
U-EFFMAIT
Risk:
Unknown
Sector:
South African--Multi Asset--Flexible
Benchmark:
CPI for all urban areas + 4% (before fees)
Email
clientservices@bcis.co.za

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

Telephone
021-007-1500

  • Fund management  
James Newell
Maitland Asset Management (Pty) Ltd


  • Fund manager's comment

Maitland BCI Flexible FoF Comment - Sep 19

2019/10/30 00:00:00
South Africa has experienced an uptick in GDP during the second quarter of 2019. SA’s GDP grew by +3.1% during the three months ending June 2019 and figures for the first quarter were revised upward to -3.1%. Positive contributions from a number of sectors drove up the GDP, however the country is basically back at the same position where we started at the beginning of the current year. A number of sectors climbed including mining which saw a record +14.4% growth spurt, something that has not been seen since the second quarter of 2016. The All Share TR and the All Bond TR added +0.19% and 0.51% respectively during September 2019.
The UK economy shrank by -0.2% during Q2 2019 as companies offloaded products piled up in warehouses. It was the first quarterly contraction in a seven year period. With Britain scheduled to leave the European Union at the end of October 2019, there is evidence that stockpiling resumed to some extent during the third quarter. A return to growth is forecast, averting a pre-Brexit recession, but economists say a slump is likely next year if Britain crashes out of the European Union without a trade deal in place. The UK FTSE 100 added +2.79% for the month.
The US central bank has cut interest rates for the second time since 2008, amid concerns about slowing global growth and trade wars. As was expected, the US Federal Reserve lowered the target range for its key interest rate by 25 basis points to between 1.75% and 2%. The bank stated that the cut is aimed at shoring up the US economy, amid 'uncertainties' about future growth. President Trump has been vocal against the Federal Reserve for cutting rates in what in his opinion is far too slowly. The Fed's decision to cut rates follows a similar cut in July and marks a reversal from its policy only a year ago, when America's healthy economy had convinced policy makers to enact a series of small hikes. The S&P 500 gained +1.72% for the month and +18.74% on a year-to-date basis.
The Chinese Caixin Purchasing Managers Index, a privately-conducted survey, expanded at the quickest pace in 19 months, reaching 51.4 in September. It was up from 50.4 in August and beating economists’ estimates of 50.2. The government's official PMI for September also beat analyst estimates, increasing to 49.8 from the 49.5 it registered in August. However, that's still below the 50-point level that indicates growth over the previous month. Despite the better-than-expected data, trade wars continue to put a damper on growth.
  • Fund focus and objective  
The Maitland BCI Flexible Fund of Funds is a South African Multi Asset Flexible portfolio that seeks to provide returns of CPI for all urban areas plus 4%. The manager will use a combination of underlying managers ('multi-manager' approach) in attempting to achieve the objective of the portfolio. Underlying managers will be selected on a best-of-breed basis and will need to demonstrate considerable skill in order to be included in the portfolio. The portfolio will be primarily managed with reference to its long term strategic asset allocation guidelines; however the manager will implement short term tactical tilts in anticipation of or reaction to volatile markets or other adverse market conditions.
INSIDER SUBSCRIPTIONS APP VIDEOS RADIO / PODCASTS SHOP OFFERS WEBINARS NEWSLETTERS TRENDING PORTFOLIO TOOL CPD HUB

Follow us:

Search Articles: Advanced Search
Click a Company: