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-1.66  /  -0.51%

328.38

NAV on 2019/03/20
NAV on 2019/03/19 330.04
52 week high on 2018/08/29 331.16
52 week low on 2018/12/18 305.3
Total Expense Ratio on 2018/12/31 1.55
Total Expense Ratio (performance fee) on 2018/12/31 0
NAV Incl Dividends
1 month change 1.49% 1.49%
3 month change 7.24% 7.24%
6 month change 1.85% 1.85%
1 year change -0.72% 3.5%
5 year change 1.75% 5.23%
10 year change 3.47% 7.49%
Price data is updated once a day.
  • Sectoral allocations
Derivatives 3.70 2.46%
Fixed Interest 5.62 3.74%
General Equity 31.25 20.80%
Gilts 22.71 15.11%
Liquid Assets 0.32 0.21%
Money Market 3.04 2.02%
Other Sec 13.06 8.69%
Real Estate 12.25 8.15%
Spec Equity 8.53 5.68%
Offshore 49.78 33.13%
  • Top five holdings
U-PSCEAQU 31.25 20.8%
O-ILGROW 12.90 8.58%
U-PSCPROP 12.25 8.15%
ISHACOMSCIEME 9.80 6.52%
PECEIDFTRUST 8.90 5.92%
  • Performance against peers
  • Fund data  
Management company:
Prescient Management Company Ltd. (PIM)
Formation date:
2003/07/01
ISIN code:
ZAE000063459
Short name:
U-PSCBAL
Risk:
Unknown
Sector:
South African--Multi Asset--High Equity
Benchmark:
Headline CPI
Contact details

Email
info@prescient.co.za

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

Telephone
+27-21-700-3600

  • Fund management  
Guy Toms
Guy is Prescient's Chief Investment Strategist and one of its co-founders. After graduation, Guy worked as a bond analyst and manager, and as derivatives specialist at asset management houses including Colonial Mutual, Cape Gilt Investments and Southern Life. At Investec, Guy worked as a bond manager and was responsible for all derivative exposure in the pension funds. He then joined District Securities Bank where he was later appointed a Bank Director, before leaving to establish Prescient Investment Management with Herman Steyn
Nafees Hossain
Haakon Kavli


  • Fund manager's comment

Prescient Absolute Balanced Fund Comment - Sept 18

2018/12/14 00:00:00
Trade war rhetoric was once again the primary source of market volatility last month. Initially, markets were buoyed by lower than expected tariffs placed on imports by both the US and China, as the trade war was then deemed to be less severe than initially expected. At the same time, the US invited China to further trade talks, on which practitioners were most likely placing a high probability of a promising outcome. At the drop of a dime, this quickly changed when China called off the talks, which sent emerging markets into a tailspin. The MSCI World index added 4.53% in Q3 as demand for quality assets rose. Conversely, the MSCI Emerging Markets index lost -2.02% over the same period as risk off sentiment took its toll. US and EU markets were mostly up over the quarter with the S&P 500 and the CAC40 indices closing 7.20% and 3.19% up respectively. The DAX index lost -0.48% in Q3 as fears grew that Germany was next in line to face the wrath of Trump's nationalist policies.
Domestically, SA officially entered a recession, which caught markets off guard to some extent. To counter this, President Ramaphosa released plans to ignite domestic growth, which was well received by markets. Nevertheless, the JSE All Share index ended the third quarter -2.17% in the red. The R186 yield rose by 0.15% to end the quarter at 8.99% as demand for SA bonds waned. Moody's meanwhile, assured that it was unlikely that they would downgrade SA this year. The JSE All Bond index added 0.78% last quarter. Contributors to performance: The portfolio performance was positively affected by the selloff in the rand due to the offshore assets held. Bonds also contributed marginally over the quarter.
Detractors from performance: Equities detracted from performance
  • Fund focus and objective  
INVESTMENT AND RETURN OBJECTIVE
The Fund aims to return CPI + 5% per annum over a full market cycle with less capital risk than the average balanced fund.
INVESTMENT PROCESS
The Fund invests in a diversified portfolio including cash, capital markets, equities and property, with active asset allocation. Derivatives can be utilised to reduce downside risk when pricing warrants this. The equity selection is active. The Fund is well diversified globally and the offshore allocation and currency exposure is managed actively.
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