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4.87  /  1.32%

367.98

NAV on 2019/09/16
NAV on 2019/09/13 363.11
52 week high on 2019/08/12 385.63
52 week low on 2019/01/31 338.54
Total Expense Ratio on 2019/03/31 1.01
Total Expense Ratio (performance fee) on 2019/03/31 0
NAV Incl Dividends
1 month change -3.19% -3.19%
3 month change -1.53% -1.53%
6 month change 0.87% 0.89%
1 year change -3.48% -3.46%
5 year change 5.22% 5.56%
10 year change 0% 0%
Price data is updated once a day.
  • Sectoral allocations
Liquid Assets 2.96 0.74%
Offshore 398.42 99.26%
  • Top five holdings
OMGLBCURRENCY 398.38 99.25%
  • Performance against peers
  • Fund data  
Management company:
Old Mutual Unit Trust Managers (RF) (Pty) Ltd.
Formation date:
2010/03/01
ISIN code:
ZAE000140380
Short name:
U-OMUSDFE
Risk:
Unknown
Sector:
Global--Interest Bearing--Short Term
Benchmark:
A composite of the currency weights of the IMF’s Special Drawing Rights Basket (SDR) and the capital returns and yields on three-month instruments across the US, Europe, the UK and Japan
Contact details

Email
unittrusts@oldmutual.com

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

Telephone
021-503-7100

  • Fund management  
Old Mutual Investment Group SA
Old Mutual Investment Group SA (OMIGSA) was incorporated in 1993 as a wholly owned subsidiary of the Old Mutual Group. In June 1997 it became a fully contained and independent asset management company.
Based in Cape Town OMIGSA is a major player in the local institutional and retail market and offers a wide range of investment products to local and international investors as well as administering a variety of life fund products on behalf of the Old Mutual Group.
A team of over 30 investment analysts conducts in-depth, independent, in-house research. This makes OMIGSA unique due to the proprietary nature of the research as well as the fact that it is current across all sectors, markets and economies. In South Africa, OMIGSA provides institutional and retail investors with access to a spread of international markets and investment opportunities through its operations in the United Kingdom and USA.
Rogge Global Partners


  • Fund manager's comment

Old Mutual Global Currency Feeder comment - Jun 19

2019/08/26 00:00:00
In the second quarter risk sentiment was supported by dovish rhetoric from central banks globally, helping to stem concerns about growing geopolitical tensions and global growth concerns. The US Federal Reserve (the Fed) confirmed market expectations that some easing in policy may be warranted, while the European Central Bank (ECB) also signalled that it may have to ease policy further if downside risks to euro area growth and inflation materialise in the coming months. Meanwhile, at the latest G20 meeting at the end of June, the US and China agreed to restart trade talks, following a ratcheting up of the tariff wars in the preceding months. President Trump offered some concessions to China, including no new tariffs. The global monetary policy backdrop resulted in global sovereign bond yields heading lower over the course of the quarter, while the S&P reached new all-time highs. The stock of negatively yielding debt hit new record highs of US$13trn; 10-year US treasury and Bund yields ended the quarter at 2.01% and -0.33% respectively. The trade weighted US dollar reversed YTD gains given the Fed’s easing bias.
Among developed market currencies, we began the quarter with a modest preference for EUR versus USD but took modest profits on the position in April before reopening it again in June. In terms of emerging marketing currencies, we held small overweight positions in the Brazilian real and Indonesian rupiah versus the USD throughout the period, and these positions had a positive impact on performance (especially the real) as most emerging market currencies appreciated versus the US dollar over the period.
  • Fund focus and objective  
The fund aims to maximise total return to investors through full exposure to a basket of major foreign currencies by investing in a foreign collective investment scheme focusing on global currencies. Any income earned will be of an incidental nature.
This fund is aimed at investors who want rand-denominated exposure to a basket of major foreign currencies, while avoiding equity risk. The investor can tolerate exchange rate volatility.
Apart from assets in liquid form, the feeder fund holds participatory interests in only one collective investment scheme, the Old Mutual Global Currency Fund, a sub-fund of the Russell Investment Company Plc. This underlying sub-fund will primarily invest in short-term securities with an outstanding term of 12 months or less including commercial paper, banker's acceptances, certificates of deposit and government securities.
The fund aims to offer exposure to a specific asset class. It therefore holds a higher allocation to international assets than what is allowed in terms of Regulation 28 of the Pension Funds Act. This fund is therefore not Regulation 28 compliant.
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