•  Prudential Global Cautious Managed Fund of Funds (A)

3.8  /  1.2%

316.58

NAV on 2020/07/31
NAV on 2020/07/30 312.78
52 week high on 2020/05/04 322.01
52 week low on 2020/03/20 257.98
Total Expense Ratio on 2020/06/30 1.66
Total Expense Ratio (performance fee) on 2020/06/30 0
NAV
Incl Dividends
1 month change 1.64% 1.64%
3 month change 0.87% 0.87%
6 month change 10.8% 10.8%
1 year change 22.28% 22.28%
5 year change 8.91% 8.91%
10 year change 10.61% 10.82%
Price data is updated once a day.
Click and drag to zoom in on timeline.
  • Sectoral allocations
Liquid Assets 0.63 0.45%
Offshore 140.72 99.55%
  • Top five holdings
O-PRGINFP 140.72 99.55%
  • Performance against peers
  • Fund data  
Management company:
Prudential Portfolio Managers Unit Trusts Ltd.
Formation date:
2004/03/01
ISIN code:
ZAE000047999
Short name:
U-PRUGLOI
Risk:
Unknown
Sector:
Global--Multi Asset--Low Equity
Benchmark:
ASISA Global - Mult-Asset - Low Equity Category Mean
Email
info@prudential.co.za

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

Telephone
021-670-5100

  • Fund management  
Marc Beckenstrater
Marc is Chief Investment Officer at Prudential Investment Managers. With over 20 years’ experience in investment management, Marc joined Prudential in 1999 and until December 2009 was the Head of Equity. He is responsible for equity research decision-making and performance, and heads the balanced mandate asset allocation process. Marc is Portfolio Manager of Prudential’s Balanced Fund and co-Manager of the Dividend Maximiser, both of which have won Raging Bull and Morningstar Awards.
Craig Simpson


  • Fund manager's comment

Prudential Gbl Infltn Plus Feeder comment - Dec 19

2020/02/25 00:00:00
The year ended on a high note for global equities as investors were able to breathe a sigh of relief on the back of a firm Phase 1 trade agreement between the US and China, as well as a decisive Tory election victory in the UK that paved the way for a less-uncertain Brexit. These events helped to improve sentiment towards global growth in 2020, as did the backdrop of easy global monetary policy, sparking a strong global equities rally. US equity markets reached fresh record highs in late December, helping global equities record their best annual gains since 2009 - the MSCI All Country World Index returned 27.3% for the year (in US$). In the face of brighter growth prospects, the Fed left interest rates on hold, and its December “dot plot” forecast pointed to no changes through 2020 and one 25bp rate hike in 2021. The central bank also noted that the US economic outlook was favourable. In the Eurozone, Christine Lagarde (the ECB’s new President) kept interest rates on hold at its December meeting and confirmed that its bond buying stimulus programme had re-started on 1 November. The Chinese economy continued to slow during the month, hurt by the trade war’s negative impact on Chinese exports and manufacturing. The government’s ongoing stimulus measures, including tax cuts, infrastructure spending and lower bank reserve requirements, have helped to cushion the broader economy, but December saw increasing pressure on the central bank to initiate further monetary easing.
SA equities were buoyed in December by the improved global growth outlook and risk-on sentiment, helping Resources counters in particular. The surprise resumption of load-shedding, and the possibility of it extending well into 2020, exacerbated the weak growth outlook, leading many analysts to expect a recession. The SARB’s model is forecasting one 25bp interest rate cut in Q3 2020. In December, the FTSE/JSE ALSI returned 3.3%, the BEASSA All Bond Index delivered 1.9%, inflation-linked bonds (the Composite ILB Index) posted 1.0%, and cash as measured by the STeFI Composite Index returned 0.6%. Looking at global market returns (all in US$), the MSCI All Country World Index delivered 3.6%, the Bloomberg Barclays Global Aggregate Bond Index returned 0.6%, while the EPRA/NAREIT Global Property REIT Index posted -0.3%. The rand strengthened 4.4% against the US dollar, 2.1% against the pound sterling and 2.5% versus the euro.
Contributing the most to absolute performance for the month was the fund’s exposure to SA equities and SA bonds (excluding inflation-linked bonds).
  • Fund focus and objective  
The objective of the fund is to provide investors with steady long-term capital growth while minimising the risk of capital loss through active management. This fund specifically appeals to those individuals who are looking for exposure to quality foreign assets, with a focus on capital preservation. The recommended investment horizon is 3 to 5 years.
NEWSLETTERS WEB APP SHOP PORTFOLIO TOOL TRENDING CPD HUB

Follow us:

Search Articles:Advanced Search
Click a Company: