NAV on 2020/02/21
|NAV on 2020/02/20
|52 week high on 2019/04/23
|52 week low on 2019/08/27
|Total Expense Ratio on 2019/12/31
|Total Expense Ratio (performance fee) on 2019/12/31
Old Mutual Unit Trust Managers (RF) (Pty) Ltd.
Medium - High
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 - Sep 19
The Old Mutual Capped SWIX Index Fund tracks the FTSE/JSE Capped Shareholder Weighted All Share Index (Capped SWIX) and its holdings replicate the constituents that make up this benchmark. At month-end, the benchmark sector allocation was as follows:
Sector Weight (%) Financials 35.38% Consumer Discretionary 21.19% Materials 19.16% Consumer Staples 12.23% Telecommunication Services 5.46% Healthcare 2.46% Industrials 3.26% Energy and Utilities 0.67% Information Technology 0.18%
Cash exposure is kept as low as possible to give investors the full benefi t of being invested in equities. Investment fl ows 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 0.67% for the month of September 2019. The best performing sectors for the quarter were consumer goods and technology, with returns of -0.82% and -1.09% respectively. The worst performing sector was telecommunications with a return of -7.77% for the quarter. The FTSE/JSE Capped SWIX Index was down for the quarter and one-year period, with returns of -5.11% and -2.44% respectively.
The fund rebalances once every quarter in line with the index. There were no constituent additions or deletions from the index for the quarter. The rebalanced index is effective as at open on Monday, 23 September 2019. Some of the top individual stock performers in the index for the quarter ending September 2019 were DRDGOLD Ltd, Pioneer Foods and Northam Platinum, with returns of 59.0%, 53.6% and 40.9% respectively.
Some of the main detractors were Accelerate Property Fund, EOH Holdings Ltd and Blue Label Telecommunications Ltd, with returns of -44.6%, -38.7% and -38.6% 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.