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0.28  /  0.13%

218.16

NAV on 2019/07/19
NAV on 2019/07/18 217.88
52 week high on 2018/09/03 225.16
52 week low on 2019/01/02 203.72
Total Expense Ratio on 2019/03/31 0.85
Total Expense Ratio (performance fee) on 2019/03/31 0
NAV Incl Dividends
1 month change -2.32% -0.67%
3 month change -2.37% -0.73%
6 month change 3.97% 5.73%
1 year change 2.21% 5.59%
5 year change 0% 0%
10 year change 0% 0%
Price data is updated once a day.
  • Sectoral allocations
Basic Materials 14.77 6.29%
Consumer Goods 5.47 2.33%
Consumer Services 8.38 3.57%
Financials 37.73 16.07%
Fixed Interest 11.72 4.99%
General Equity 46.46 19.79%
Gilts 30.17 12.85%
Health Care 1.92 0.82%
Industrials 3.99 1.70%
Liquid Assets 3.93 1.67%
Spec Equity 51.52 21.95%
Technology 7.78 3.32%
Telecommunications 3.63 1.55%
Offshore 7.31 3.11%
  • Top five holdings
U-OMWRESG 46.63 19.86%
U-OMCAPSX 46.46 19.79%
U-OMMM 11.72 4.99%
 NASPERS-N 7.59 3.23%
U-OMEMESG 4.89 2.08%
  • Performance against peers
  • Fund data  
Management company:
Old Mutual Unit Trust Managers (RF) (Pty) Ltd.
Formation date:
2015/03/02
ISIN code:
ZAE000201778
Short name:
U-OMCODI
Risk:
Unknown
Sector:
South African--Multi Asset--High Equity
Benchmark:
CPI
Contact details

Email
unittrusts@oldmutual.com

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

Telephone
021-503-7100

  • Fund management  
Kingsley Williams
Kingsley is the Chief Investment Officer for local and international fund management. He joined OMGxT in March 2008 as a fund manager and is responsible for the overall fund management process and the performance of the funds. He is also a member of the OMGxT Executive Committee.
Kingsley has served in various capacities within the business, from daily fund management responsibilities to Head of Research and Product Development. Prior to joining OMGxT, Kingsley was a business and quantitative analyst at Stanlib Asset Management from 2004 – 2007. Kingsley began his career in 2000 with Merrill Lynch and has 15 years of investment related work experience.
Shariefa Parker


  • Fund manager's comment

Old Mutual Core Diversified Fund comment - Sept 18

2018/12/12 00:00:00
The broad South African equity market exposure in the fund is primarily through an allocation to the FTSE/ JSE Capped Shareholder Weighted Index (Capped SWIX), which is intended to be a fairer reflection of the investment universe available to a South African investor. The Capped SWIX, which has a strategic weighting of 52% in the fund, generated a return of -1.65% for the quarter ending September 2018.
The best performing sectors were technology and basic materials with returns of 10.43% and 5.22% respectively. Healthcare and telecommunications were the worst performing sectors for the quarter, returning -20.42% and -11.86% respectively.
In addition to the broad local equity market exposure, the fund also has exposure to SA listed property, which has a strategic weight of 6%. The JSE SA Listed Property Index returned -1.01% for the quarter ending September 2018.
The international equity exposure is invested in the MSCI All Country World ESG Index, which has a strategic weighting of 20% and offers exposure to both developed and emerging markets globally. The MSCI All Country World ESG Index returned 4.42% in US dollar terms. The rand depreciated against the US dollar by 3.06% over the quarter, which would have a positive impact on returns to South African investors.
To diversify the fund away from equity, the fund invests in nominal bonds through exposure to the JSE All Bond Index (ALBI), which has a strategic weighting of 7%. The JSE All Bond Index gained 0.81% over the quarter.
All duration bands were positive over the quarter, with the longer end of the curve underperforming the shorter end with returns of 0.42% for the greater than 12-year maturity band. The shorter one- to three-year band returned 1.86%.
In addition to the nominal bond exposure, an allocation is also made to inflation-linked government bonds through exposure to the JSE IGOV Index, which has a strategic weight of 6%. The JSE IGOV Index gained 0.46% for the quarter.
  • Fund focus and objective  
The fund aims to achieve long-term inflation-beating growth from a cost-efficient balanced portfolio with an equity exposure typically displayed by multi-asset high equity portfolios conforming to the regulations governing retirement fund investments.This fund is suited to investors wanting high long-term growth in a cost-efficient multi-asset high equity fund with less volatility in the short term compared to a pure equity fund. The fund is suitable as a stand-alone retirement investment. The fund is exposed to all sectors of the market (shares, bonds, property and cash) with a maximum of 75% exposure to equities and may invest up to 25% of its portfolio offshore in line with Treasury guidelines. The fund will have exposure to passively managed underlying securities. Derivatives may be used for risk management purposes.
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