-3.98  /  -3.42%

116.4

NAV on 2020/07/31
NAV on 2020/07/30 120.38
52 week high on 2019/11/21 216.78
52 week low on 2020/03/23 93.34
Total Expense Ratio on 2020/06/30 0.65
Total Expense Ratio (performance fee) on 2020/06/30 0
NAV
Incl Dividends
1 month change -5.05% -3.01%
3 month change 5.98% 8.26%
6 month change -40.99% -38.24%
1 year change -46.51% -41.79%
5 year change -16.57% -10.95%
10 year change -3.06% 3.33%
Price data is updated once a day.
Click and drag to zoom in on timeline.
  • Sectoral allocations
Financials 974.86 97.87%
Liquid Assets 21.20 2.13%
  • Top five holdings
 GROWPNT 238.13 23.91%
 NEPIROCK 179.55 18.03%
 REDEFINE 71.42 7.17%
 RESILIENT 68.26 6.85%
 FORTRESSA 67.71 6.8%
  • Performance against peers
  • Fund data  
Management company:
Prudential Portfolio Managers Unit Trusts Ltd.
Formation date:
2005/12/02
ISIN code:
ZAE000147294
Short name:
U-PRUPROP
Risk:
Unknown
Sector:
South African--Real Estate--General
Benchmark:
FTSE/JSE South African Listed Property Index (J253)
Email
info@prudential.co.za

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

Telephone
021-670-5100

  • Fund management  
Johny Lambridis
Johny, a qualified actuary, has worked in the In vestment industry since 1997. He joined Prudential in 2013 as Portfolio Manager and Equity Analyst, focusing on Insurance and Financial Services companies.
Yusuf Mowlana


  • Fund manager's comment

Prudential Enhanced SA Property Tracker - Dec 19

2020/02/25 00:00:00
The surprise resumption of load-shedding in December, and the possibility of it extending well into 2020, exacerbated the weak growth outlook, leading many analysts to expect a recession. Despite the subdued inflation environment - November CPI fell to 3.6% y/y - the SARB’s latest model is forecasting one 25bp interest rate cut in Q3 2020. The central bank has been emphasizing the importance of anchoring inflation expectations at or below the 4.5% midpoint of the SARB’s 3-6% inflation target band, rather than boosting growth, thereby putting more pressure on the government to enact reforms and a fiscally responsible 2020 budget.
SA listed property as measured by the SAPY Index returned -2.1% in December, while the EPRA/NAREIT Global Property REIT Index (US$) posted -0.3%.
Among the top contributors to relative performance for the month were overweight positions in Arrowhead Properties and Dipula Income Fund, and an underweight position in Redefine Properties. Detracting from relative performance were underweight positions in Sirius Real Estate, Stenprop and Fortress REIT B.
  • Fund focus and objective  
This fund aims to provide a total return equal to or better than the benchmark (after fees) while providing long-term capital growth. The Fund invests in South African listed property instruments and assets in liquid form. No direct investment in physical property may be made. The Fund is managed to a maximum tracking error of 2%. Who should invest? Individuals with a medium-to-high risk tolerance requiring medium-to long-term capital and income growth through efficient and cost-effective exposure to the Listed Property sector in South Africa. The recommended investment horizon is 5 years or longer.
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