0.55  /  0.08%

NAV on 2018/05/25

687.25

NAV on 2018/05/24 686.7
52 week high on 2018/01/23 736.35
52 week low on 2017/06/22 635.81
Total Expense Ratio on 2017/12/31 2.54
Total Expense Ratio (performance fee) on 2017/12/31 1.02
NAV Incl Dividends
1 month change -1.55% -1.55%
3 month change -3.73% -2.86%
6 month change -2.61% -1.73%
1 year change 5.16% 7.3%
5 year change 11.09% 12.69%
10 year change 12.57% 15.2%
  • Sectoral allocations
Basic Materials 230.40 7.88%
Consumer Goods 111.24 3.81%
Consumer Services 256.09 8.76%
Financials 489.10 16.73%
Fixed Interest 645.79 22.09%
Gilts 93.62 3.20%
Health Care 50.65 1.73%
Industrials 169.04 5.78%
Liquid Assets 76.08 2.60%
Other Sec 140.70 4.81%
Technology 23.21 0.79%
Telecommunications 170.18 5.82%
Offshore 466.86 15.97%
  • Top five holdings
U-AGMM 276.18 9.45%
 RMIH 179.42 6.14%
 OLDMUTUAL 171.48 5.87%
U-CORSTRI 135.24 4.63%
U-PSCINC 134.14 4.59%
  • Performance against peers
  • Fund data
Management company:
Boutique Collective Investments (RF) (Pty) Ltd.
Formation date:
2004/12/01
ISIN code:
ZAE000060075
Short name:
U-CENFLEX
Risk:
Unknown
Sector:
South African--Multi Asset--Flexible
Benchmark:
Composite of 15% RESI J258T, 65% FINDI J250T, 20% Repo
Contact details

Email
clientservices@bcis.co.za

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

Telephone
021-007-1500

  • Fund management
Roger Williams
Centaur Asset Management


  • Fund manager's comment

Centaur MET Flexible comment - Sep 13

2013/11/25 00:00:00
There was much to fret about over the last quarter: Will the West attack Syria? Will Gold Miners' strike? Will the US Fed tighten monetary policy? But none of these risks eventuated and the JSE rose 11% bolstered by an 18% rise in the JSE Resources Index. The global economy is not too hot (causing inflation and monetary tightening), nor too cold (where earnings are under pressure) and consequently equities are performing well. In the absence of tighter monetary policy or an economic shock, the stock market should hold up.
In investment circles there is often the debate between value and growth but the correct debate should be around a business's capability and business model. Winning investments mustn't be overpriced, but must also have the correct business model which allows them to grow at the expense of their peers.
I try to maintain vigilance in selecting the best portfolio in terms of risk and reward over the medium term. Your fund remains the top performing Flexible Fund over 5 years.
  • Fund focus and objective
The portfolio may invest in global and local equity securities, government bonds, corporate bonds and inflation linked bonds, debentures, property securities, property related securities, preference shares, non-equity securities, interest bearing securities, money market instruments and assets in liquid form.

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