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-0.24  /  -0.16%

149.97

NAV on 2019/11/20
NAV on 2019/11/19 150.21
52 week high on 2019/10/31 153.7
52 week low on 2019/01/31 133.06
Total Expense Ratio on 2019/09/30 3.29
Total Expense Ratio (performance fee) on 2019/09/30 0
NAV Incl Dividends
1 month change 0.15% 0.15%
3 month change -0.31% -0.31%
6 month change 6.08% 6.08%
1 year change 8.63% 8.63%
5 year change 2.63% 2.63%
10 year change 5.16% 5.16%
Price data is updated once a day.
  • Sectoral allocations
Liquid Assets 0.05 2.24%
Offshore 2.01 97.76%
  • Top five holdings
O-ILINTCA 2.00 97.55%
  • Performance against peers
  • Fund data  
Management company:
Prescient Management Company Ltd. (PIM)
Formation date:
2007/08/31
ISIN code:
ZAE000120655
Short name:
U-PSCGCF
Risk:
Unknown
Sector:
Global--Multi Asset--Medium Equity
Benchmark:
EU Harmonised CPI + 1%
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
Bastian Teichgreeber


  • Fund manager's comment

Global Positive Return Feeder comment - Mar 19

2019/05/24 00:00:00
What a difference a quarter makes! Most equity markets rallied strongly over the period with the MSCI World and MSCI Emerging Markets indices adding 11.9% and 9.6% respectively. At the same time, the S&P500 Index rose by 13.7% whilst Mainland Chinese equities rallied an astonishing 28%. Hong Kong equities (to which the fund has exposure) rallied by 13.0% over the quarter. The Federal Reserve indicated they are less likely to raise interest rates again this year whilst markets actually began pricing in rate cuts.
Trade war concerns between the US and China meanwhile, seemed to evaporate. This, along with attractive initial valuations across asset classes, led to capital flowing back into developed and emerging market equities. The Prescient Global Positive Return Fund increased exposure to emerging and developed market equities after the strong sell off experienced towards the end of last year. This worked according to plan as performance of 4.5% in euros was posted for the first quarter. As the quarter drew to a close, equity exposure was reduced as the option structures were rolled up to lock in gains and limit losses should equity markets take a turn to the south. As at the end of the quarter, overall effective equity exposure of the Fund was at 20%.
Contributors to performance: Performance of the Fund was driven by the high equity holding across equity markets.
Detractor from performance: Cost of protection detracted.
  • Fund focus and objective  
The Fund aims to generate returns in excess of global inflation. The fund is an asset allocation fund and may employ active asset allocation strategies. It will be suitable for low risk and retirement fund investors. The fund will have as its primary objective an aim to minimise volatility in the individual equity markets by utilising investment strategies to protect against downside volatility. It will have as a secondary objective a return in excess of global inflation as measured by OECD G7 Inflation.
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