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0.87  /  0.07%

1313.81

NAV on 2019/11/20
NAV on 2019/11/19 1312.94
52 week high on 2019/09/26 1344.93
52 week low on 2018/11/21 1183.72
Total Expense Ratio on 2019/06/30 2.14
Total Expense Ratio (performance fee) on 2019/06/30 0.23
NAV Incl Dividends
1 month change 0.04% 0.04%
3 month change -1.02% 1.87%
6 month change 5.17% 8.24%
1 year change 11.09% 17.42%
5 year change 5.32% 9.21%
10 year change 0% 0%
Price data is updated once a day.
  • Sectoral allocations
Fixed Interest 337.88 91.19%
Liquid Assets 3.09 0.83%
Spec Equity 29.53 7.97%
Offshore 0.03 0.01%
  • Top five holdings
U-PSCINC 95.05 25.65%
U-ASHSTNC 94.81 25.59%
U-AGMM 82.62 22.3%
U-CORSTRI 65.40 17.65%
U-OMGOLD 29.53 7.97%
  • Performance against peers
  • Fund data  
Management company:
IP Management Company
Formation date:
2014/09/19
ISIN code:
ZAE000195517
Short name:
U-PROSWWF
Risk:
Unknown
Sector:
Worldwide--Multi Asset--Flexible
Benchmark:
36% FTSE/JSE All Share Index; 24% MSCI World Index; 12% All Bond index; 8% JP Morgan Bond Index; 12% AF Money Market; 8% US Overnight Call rate
Contact details

Email
clientservices@ipmc.co.za

Website
No website listed.

Telephone
021-673-1340

  • Fund management  
Rod Lowe
Nick Brummer


  • Fund manager's comment

Prosperity IP WW Flexible FoF comment - Sep 19

2019/11/01 00:00:00
The fund continued its good performance taking it’s 12 month returns to 17% and further outperforming its benchmark by 2.3% over the quarter. This was largely driven by the investment in gold shares that from May rallied sharply again. We have subsequently traded the gold position successfully, which has driven the strong performance.
The Fund continues to be managed conservatively with an emphasis on capital preservation. With our high cash allocation, we are poised to take advantage of global opportunities. We maintain our view that global equity market valuations are still stretched as global economic growth slows. However, we see pockets of value in certain emerging markets including South Africa. As global market uncertainties persist, the Rand will remain vulnerable to fluctuations.
  • Fund focus and objective  
The fund is managed conservatively with an emphasis on capital preservation. The strategy is to blend the asset allocation with our macro views while taking advantage of irrational pricing across all markets and to select the best funds to enhance our views.
The fund is best suited to investors with a moderate risk profile who require a balanced local and global investment exposure with a conservative bias and capital preservation.
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