2.8 /
2.5%
112.09
NAV on 2020/06/04
| NAV on 2020/06/03 |
109.29 |
| 52 week high on 2019/07/11 |
184.77 |
| 52 week low on 2020/03/24 |
83.22 |
| Total Expense Ratio on 2020/03/31 |
1.24 |
| Total Expense Ratio (performance fee) on 2020/03/31 |
0 |
| Derivatives |
0.31 |
0.36% |
| Financials |
80.39 |
94.63% |
| Fixed Interest |
3.70 |
4.36% |
| Liquid Assets |
0.55 |
0.65% |
Management company:
Boutique Collective Investments (RF) (Pty) Ltd. |
Formation date:
2009/06/15 |
ISIN code:
ZAE000133682 |
Short name:
U-MXCEPRO |
Risk:
Unknown |
Sector:
South African--Real Estate--General |
Benchmark:
FTSE JSE J253T |
Plexus Wealth (Pty) Ltd.
The X Funds MET Property comment - Sep 12
2012/11/14 00:00:00
The SA Listed property Index (J253) recorded a total return of -3.27% in September 2012. The Property Loan Stock Index (J256) and property Unit Trust Index (J255) recorded returns of -3.78% and -1.41% respectively over the same period. Capital markets firmed during the month with the yield to maturity (YTM) on the Long Term Government Bond Index ending the month at 6.86% (6.97% - 31st August 2012). The historic 12 month rolled yield of the SA listed property sector de-rated relative to the 10 year government bond YTM and ended the month weaker at 6.49% (6.20% - 31st August 2012).
SA Equities recorded the highest total return (1.64%) of the four traditional asset classes for September. SA Bonds (0.90%) and SA Cash (0.40%) were the next best performing asset classes for the month. For the last 12 months SA Listed Property, as an asset class, has recorded the highest total return (37.71%), followed by SA Equities (24.43%), SA Bonds (16.99%) and Cash (5.61%).
Having earlier acquired the management company, Redefine's proposal to Fountainhead to now acquire the latter's property portfolio progressed in early October. Redefine wishes to issue both its own shares and Hyprop shares for payment in what will essentially be a swap. Certain properties will be excluded from the deal. It appears the process is being pursued in consultation with all parties.
The portfolio may invest in real estate securities and property securities, property related securities and participatory interests in collective investment schemes in property listed on exchanges, non-equity securities and assets in liquid form. The portfolio may also invest in participatory interests and other forms of participation in portfolios of collective investment schemes or other similar schemes operated in territories with a regulatory environment which is to the satisfaction of the manager and trustee of a sufficient standard to provide investor protection at least equivalent to that in South Africa and which is consistent with the portfolio's primary objective.
