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-3.97  /  -0.99%

402.78

NAV on 2019/11/14
NAV on 2019/11/13 406.75
52 week high on 2019/11/13 406.75
52 week low on 2019/01/07 323.55
Total Expense Ratio on 2019/09/30 1.72
Total Expense Ratio (performance fee) on 2019/09/30 0
NAV Incl Dividends
1 month change 4.88% 4.88%
3 month change 4.5% 4.5%
6 month change 11.81% 11.81%
1 year change 12.96% 12.96%
5 year change 11.4% 11.4%
10 year change 13.6% 13.6%
Price data is updated once a day.
  • Sectoral allocations
Liquid Assets 2.51 0.83%
Offshore 297.93 99.17%
  • Top five holdings
PGEFUND 297.93 99.17%
  • Performance against peers
  • Fund data  
Management company:
Prudential Portfolio Managers Unit Trusts Ltd.
Formation date:
2000/02/18
ISIN code:
ZAE000023495
Short name:
U-PRUGVAL
Risk:
Unknown
Sector:
Global--Equity--General
Benchmark:
MSCI All Country World index
Contact details

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 Global Equity Fdr comment - Sep 19

2019/10/25 00:00:00
September proved to be a relatively resilient month for global equity markets in the face of a string of negative news. Escalating trade-war tensions between the US and China, the start of efforts to impeach President Trump, Brexit uncertainty in the UK and political instability in Europe (particularly in Italy), were not enough to dampen investor sentiment as developed and emerging markets both closed the month in the black. In the US, President Trump's administration announced that it was considering delisting Chinese companies from US stock exchanges. The move formed part of a broader effort to limit US investment in Chinese companies. In keeping with market expectations, the US Federal Reserve cut interest rates by 25 bps, citing the prolonged US-China trade war and weak global economic growth as ongoing risk factors. Markets however, were disappointed as the Fed downplayed expectations of further interest rates cuts. In the UK, the Supreme Court ruled Prime Minister Johnson’s move to suspend Parliament was illegal, triggering calls from opposition parties for him to step down. In the EU, outgoing ECB president Mario Draghi announced that the central bank would cut interest rates by 10bps (below market expectations of a 20bp cut) and would continue to keep rates at accommodative levels until inflation showed signs of approaching the 2.0% target. China, meanwhile, filed a lawsuit with the World Trade Organization after the US imposed an additional 15% tariff on US$300bn worth of Chinese imports from 1 September. In retaliation to the tariff increase, China levied new duties of between 5-10% on US$75bn worth of American imports, including crude oil.
Looking at global equity market returns (all in US$), developed markets outperformed emerging markets, with the MSCI World Index delivering 2.2% and the MSCI Emerging Markets Index returning 1.9%. Among developed markets, the S&P 500 produced 1.9%, the Dow Jones Industrial 30 returned 2.1%, while the technology-heavy Nasdaq 100 posted 0.8%. The UK’s FTSE 100 returned 4.2% and Japan’s Nikkei 225 delivered 4.0%. The rand strengthened 1.1% against the euro and 0.1% against the dollar, but weakened 1.1% against the pound sterling.
In US dollar terms, exposure to US, Japanese and European equities contributed to performance in September, while exposure to Indonesian equities detracted the most from value.
  • Fund focus and objective  
The fund's objective is to obtain medium-to-long term capital appreciation but investing in a suite of international equity unit trust funds that are managed with a value style bias. Informed fund managers selected by Prudential in different global centres manage the fund's underlying assets.
This fund is suitable for investors seeking medium- to long-term capital appreciation with returns optimised by global diversification and value style investing.
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