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0.43  /  0.63%


NAV on 2019/08/16
NAV on 2019/08/15 68.35
52 week high on 2019/02/06 81.28
52 week low on 2019/08/15 68.35
Total Expense Ratio on 2019/06/30 1.31
Total Expense Ratio (performance fee) on 2019/06/30 0
NAV Incl Dividends
1 month change -5.7% -5.7%
3 month change -3.18% -3.18%
6 month change -11.96% -6.32%
1 year change -12.45% -6.84%
5 year change 0% 0%
10 year change 0% 0%
Price data is updated once a day.
  • Sectoral allocations
Alt X 0.08 0.13%
Financials 55.06 98.88%
Liquid Assets 0.55 0.99%
  • Top five holdings
 GROWPNT 8.66 15.55%
 NEPIROCK 6.01 10.8%
 REDEFINE 5.56 9.99%
 HYPROP 4.30 7.73%
 FORTRESSB 3.94 7.07%
  • Performance against peers
  • Fund data  
Management company:
Africa Collective Investments (RF) (Pty) Ltd.
Formation date:
ISIN code:
Short name:
South African--Real Estate--General
FTSE/JSE SA Listed Property Index (SAPY) J253T
Contact details




  • Fund management  
Musi Skosana
Musi joined Investec Bank in 2006 where he worked in advisory services regarding various debt structures and acquisition strategy, specializing in BEE deals, leverage buyouts and property transactions. He subsequently moved into the wealth management space, becoming an advisory stockbroker and portfolio manager concentrating on general equities, and specializing in the listed property sector. He managed listed property mandates on a discretionary basis, building a book in excess of R2.5bn of assets before leaving and founding MSM Property Fund. He is the fund manager.

  • Fund manager's comment

MSM Property comment - Mar 19

2019/06/18 00:00:00
The SA listed Property Index and the ALL Property Index recorded total returns of -1.46% and -1.92%. Global growth concerns arose as the U.S saw the inversion of the US yield curve (typically a predictor of a recession) and the Brexit saga also affected Hammerson which was -8% for the month. Eskom (the national power utility) had rolling blackouts which affected the confidence of markets seeing the Rand weaken to R14.40. Growthpoint, the country’s largest listed property company, released results with dividend growth being only up 4.5% as the company reflected the difficult property market, specifically the office market which had vacancies of 10.2%.
  • Fund focus and objective  
The fund is a domestic active specialist fund that invests in quality listed property equities on the JSE where the portfolios objective is to acquire the equities at fair market value.
Suitable for investors with medium to long term investment horizon aiming to achieve above-benchmark total return by capitalizing on the change within the listed property sector, both locally and offshore. The funds primary objective is to grow the everchanging income stream, through measured acquisitions, that can translate into capital growth thereby attaining maximum total return.
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