NAV on 2021/02/26
|NAV on 2021/02/25
|52 week high on 2021/02/16
|52 week low on 2020/03/19
|Total Expense Ratio on 2020/09/30
|Total Expense Ratio (performance fee) on 2020/09/30
|Oil & Gas
Old Mutual Unit Trust Managers (RF) (Pty) Ltd.
FTSE/JSE Capped Shareholder Weighted All Share Index (J433)
Frank joined Customised Solutions in September 2009 as an Investment Analyst before becoming an Index Portfolio Manager in 2012. He is responsible for managing both local and international tracker funds. He has eight years industry experience specialising in managing funds in Africa, and Emerging Markets.Prior to joining Customised Solutions, he was a lecturer at Tshwane University of Technology (Mathematics and Statistics Department) for five years. Frank also worked as a research assistant for Siyazi-SA Consulting, under operations risk management.
Bernisha joined Old Mutual Customised Solutions as an Indexation Portfolio Manager in 2017. Her responsibilities include indexation portfolio management, optimisation and implementation.Prior to this role she held positions as both a quantitative analyst and portfolio manager at Taquanta Asset Managers, working on both the passive and active product offerings. Bernisha joined Nedbank in 2005 as a quantitative analyst and worked in the Corporate Ratings unit. She also worked as an assistant lecturer in the Department of Statistics at the University of Pretoria. Bernisha has 12 years of work experience in the investment industry.
Old Mutual Capped Swix Index comment - Dec 19
The Old Mutual Capped SWIX Index Fund tracks the FTSE/JSE Capped SWIX All Share Index and its holdings replicate the constituents that make up this benchmark. At month-end, the benchmark sector allocation was as follows:
Sector Weight (%) Basic Materials 17.61% Consumer Discretionary 6.31% Consumer Staples 11.85% Energy 4.36% Financials 27.39% Healthcare 2.75% Industrials 3.36% Real Estate 6.77% Technology 14.10% Telecommunications 5.52%
Cash exposure is kept as low as possible to give investors the full benefit of being invested in equities. Investment flows are matched with the corresponding market transactions on a daily basis to ensure that the performance of the fund is in line with its benchmark. Futures contracts are used, when appropriate, to minimise trading costs and gain exposure to equities.
Long-term investors choose this fund because they are looking for a pure equity fund and are cost-conscious. Investors seeking consistency can use this fund as their core portfolio strategy and assign smaller portions to other investment vehicles that aim to outperform the market. The FTSE/JSE Capped SWIX Index returned 3.09% for the month of December 2019. The best performing sectors for the quarter were healthcare and basic materials with returns of 20.50% and 13.78% respectively. The worst performing sector was telecommunications with a return of -13.31% for the quarter.
The FTSE/JSE Capped SWIX Index showed positive performance for the quarter and one-year period with returns of 5.27% and 6.75% respectively.
The fund rebalances once every quarter in line with the index. There were two constituent deletions from and no additions to the index for the quarter. The rebalanced index is effective as at open on Monday 23 December 2019.
Some of the top individual stock performers in the index for the quarter ending December 2019 were Sibanye Gold Ltd, Impala Platinum Holdings Ltd and Northam Platinum Ltd with returns of 71.07%, 50.63% and 48.72% respectively, while some of the main detractors were Trencor Ltd, Ascendis Health Ltd and Telkom SA SOC Ltd with returns of -69.89%, -64.24% and -50.67% respectively.
The fund tracks the FTSE/JSE Capped Shareholder Weighted All Share Index as closely as possible and invests in instruments included in the index. The portfolio is tailored to match the performance of the FTSE/ JSE Capped Shareholder Weighted All Share Index. The fund may gain exposure to offshore assets listed on the index. Derivatives may be used for efficient portfolio management purposes.