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  •  Octagon Sanlam Collective Investments Growth Fund of Funds (B1)
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0.72  /  0.07%

983.48

NAV on 2020/05/26
NAV on 2020/05/25 982.76
52 week high on 2020/01/20 1098.52
52 week low on 2020/03/23 814.18
Total Expense Ratio on 2019/12/31 1.7
Total Expense Ratio (performance fee) on 2019/12/31 0
NAV Incl Dividends
1 month change 0.76% 0.76%
3 month change -6.63% -6.63%
6 month change -9.05% -7.87%
1 year change -5.32% -2.94%
5 year change 0% 0%
10 year change 0% 0%
Price data is updated once a day.
  • Sectoral allocations
Fixed Interest 8.78 1.96%
Liquid Assets 2.17 0.48%
Managed 400.79 89.67%
Spec Equity 35.22 7.88%
  • Top five holdings
U-GRAVB 330.74 74%
U-SATBALX 36.90 8.25%
U-PSGOPP 33.16 7.42%
U-CORTP20 27.76 6.21%
U-CORSTRI 8.78 1.96%
  • Performance against peers
  • Fund data  
Management company:
Sanlam Collective Investments
Formation date:
2016/01/21
ISIN code:
ZAE000212528
Short name:
U-OCTAGRO
Risk:
Unknown
Sector:
South African--Multi Asset--High Equity
Benchmark:
CPI Plus 5%
Contact details

Email
No email address listed.

Website
No website listed.

Telephone
021-947-9111

  • Fund management  
Menachem Kay


  • Fund manager's comment

Octagon SCI Growth FoF comment - Dec19

2020/02/27 00:00:00
December was a risk-on month for global markets. The primary reasons were positive outcomes in global politics. In the UK, Boris Johnson’s Conservative Party won a parliamentary majority that provided him with free rein to take Britain out of the European Union. This brought more certainty to the prolonged separation and increased the likelihood that some sort of deal will be reached at the end of January. More importantly, the United States and China managed to reach a phase 1 deal in their trade war that slowed global trade in 2019. The exact nature of the deal is not known, but the agreement did avert the 15% tariffs that were to be put on a broad range of consumer goods by the US on Chinese imports. Despite some trade uncertainty going forward, the positive political outcomes resulted in the MSCI World and MSCI Emerging Market (EM) delivering 2.89% and 7.17% respectively (both in USD). On the back of the risk-on sentiment global bonds were up only 0.52% (in USD), while EM bonds delivered 2.52% (in USD). Global property fared slightly better than global bonds, delivering 0.62% (in USD).
Locally, any positivity that resulted from SAA being placed under business rescue was short-lived when heavy rains in the north of the country and potential foul play led to rolling blackouts. In spite of this, the local market followed the global risk-on trend. Local equities were up 3.30% (in rands), driven primarily by the rally in the resources sector, which was up 6.85% (in rands). The blackouts did weigh on the property sector, which was down 2.07% (in rands). The global risk-on sentiment and search for yield benefitted local bonds – which gained 1.86% (in rands). Local cash was up 0.58% and inflation-linked bonds gained 0.89% (both in rands).
  • Fund focus and objective  
Investments to be included in the portfolio will, apart from assets in liquid form, consist solely of participatory interests in portfolios of collective investment schemes registered in the Republic of South Africa or of participatory interests in collective investment schemes or other similar schemes operated in territories with a regulatory environment which is to the satisfaction of the manager and the trustee of a sufficient standard to provide investor protection which is at least equivalent to that in South Africa. The portfolio will consist of a mix of collective investment scheme portfolios investing in equity, bond and property markets and money market instruments. The effective exposure to equities will not exceed 75% of the portfolio. The portfolio will be managed in accordance with regulations governing pension funds. The asset allocation will be actively managed by the investment manager to reflect changing economic and market conditions. The portfolio will be managed by Octagon Asset Managers (Pty) Ltd. This portfolio will, at no time, duplicate any Sanlam multi asset portfolio. The underlying portfolios will also be allowed to invest in listed and unlisted financial instruments (derivatives) as allowed by the Act from time to time. For the purpose of this portfolio, the Manager shall reserve the right to close the portfolio to new investors on a date determined by the Manager. This will be done in order to be able to manage the portfolio in accordance with its mandate. The Manager may, once a portfolio has been closed, open that portfolio again to new investors on a date determined by the Manager. The Manager shall be permitted to invest on behalf of the portfolio in offshore investments as legislation permits. The Trustee shall ensure that the investment policy set out in the preceding clauses are adhered to; provided that nothing contained in this clause shall preclude the Manager from varying the proportions of securities in terms of changing economic factors or market conditions or from retaining cash in the portfolio and/or placing cash on deposit.
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