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-0.6  /  -0.38%


NAV on 2020/05/29
NAV on 2020/05/28 157.83
52 week high on 2019/06/11 201.03
52 week low on 2020/03/24 137.03
Total Expense Ratio on 2020/03/31 1.83
Total Expense Ratio (performance fee) on 2020/03/31 0
NAV Incl Dividends
1 month change -0.74% -0.74%
3 month change -10.89% -9.08%
6 month change -19.37% -17.74%
1 year change -18.47% -15.02%
5 year change -4.93% -1.48%
10 year change 3.65% 6.67%
Price data is updated once a day.
  • Sectoral allocations
Basic Materials 4.54 2.41%
Consumer Goods 12.68 6.72%
Consumer Services 15.48 8.21%
Derivatives -0.55 -0.29%
Financials 18.03 9.56%
Gilts 27.12 14.38%
Health Care 10.46 5.55%
Industrials 6.01 3.19%
Liquid Assets 6.16 3.27%
Managed 14.36 7.61%
Real Estate 17.43 9.24%
Telecommunications 4.24 2.25%
Offshore 52.60 27.90%
  • Top five holdings
U-MXCEPRO 17.43 9.24%
U-PLXFPI 14.36 7.61%
JOHNSON&JOHN 5.59 2.96%
NESTLESA 5.35 2.84%
NOVARTIS 5.24 2.78%
  • Performance against peers
  • Fund data  
Management company:
Boutique Collective Investments (RF) (Pty) Ltd.
Formation date:
ISIN code:
Short name:
South African--Multi Asset--High Equity
CPI + 5% p.a.
Contact details




  • Fund management  
Plexus Wealth (Pty) Ltd.

  • Fund manager's comment

The X Funds MET Balanced FoF comment - Jun 12

2012/08/24 00:00:00
Global financial markets started the month on the back foot, but soon began to recover as investors started pinning their hopes on further stimulus by central banks amid clear signs of weaker economic growth in the US, Europe and China. Although the negative news sent equity markets south again during the latter half of the month, global equity prices ended the month on a strong note as European leaders announced they had reached agreement on a number of key issues after the EU Summit. This led to an increase of 4,9% in the MSCI World Index and 3,4% in the MSCI Emerging Markets Index for the month.
The performance of the domestic equity market was somewhat more muted, with the FTSE/JSE All Share Index posting a total return of 1,9% for the month. Interest-rate-sensitive sectors such as financials (+3,0%) and property (+6,9%) benefited from the lower than expected inflation data (falling to 5,7% in May), while industrial shares yielded 1,9%. Mining (+2,2%) and resources shares (+1,0%) also showed positive returns on the back of higher commodity prices towards month end (the CRB Index increased by 4,1% for the month). This was achieved despite the stronger rand, which gained 4,0% against the US dollar, and the fact that metal prices were lower.
Global government bonds ended the month relatively flat, with the JP Morgan Global Bond Index yielding are turn of -0,2% in US dollars. Emerging-market bonds yielded a return of 3,9%, boosted by the weaker US dollar. The domestic bond market experienced a stellar month, with the BEASSA All Bond Index yielding a total return of 3,3%. Performance was boosted by the better than expected inflation data as well as strong inflows from foreign investors due to confirmation of the inclusion of SA in the Citigroup World Government Bond Index. The strong inflows from foreigners were also responsible for the rand's strength.
While the agreement reached at the EU Summit of June 28 and 29 has gone a long way towards restoring confidence in the region's bond markets and in providing a mechanism to promote economic growth, the euro zone will require significantly more action from policy makers and growth is unlikely to pick up materially in the foreseen future. In addition to this, the ISM Manufacturing Index in the US came in below 50 for June, indicating a contraction in the US factory sector for the quarter. The same trend is evident on our own shores, with the Kagiso Purchasing Managers Index also having come in under 50 for the June quarter. While the global economic landscape is therefore not looking too rosy at present, investors are reminded that markets are forward-looking and that policymakers are well aware of the risks out there and should take further action if required.
  • Fund focus and objective  
The investable universe of the portfolio includes interest bearing securities (including, but not limited to bonds, convertible bonds, debentures, corporate debt, cash deposits and money market instruments) as well preference shares, equity securities, property securities, convertible equities, derivatives and non-equity securities and assets in liquid form. The portfolio may from time to time invest in listed and unlisted financial instruments, in accordance with the provisions of the Act, and the Regulations thereto, as amended from time to time, in order to achieve the portfolio's investment objective. The manager may also include forward currency, interest rate and exchange rate swap transactions for efficient portfolio management purposes. This fund comply with Regulation 28.

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