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5.74  /  1.88%

304.72

NAV on 2019/05/17
NAV on 2019/05/16 298.98
52 week high on 2018/09/05 330.58
52 week low on 2018/05/24 265.96
Total Expense Ratio on 2019/03/31 1.44
Total Expense Ratio (performance fee) on 2019/03/31 0
NAV Incl Dividends
1 month change 1.25% 1.25%
3 month change 3.13% 3.27%
6 month change 5.95% 6.09%
1 year change 13.05% 13.21%
5 year change 8.2% 8.38%
10 year change 0% 0%
Price data is updated once a day.
  • Sectoral allocations
Liquid Assets 5.91 0.46%
Offshore 1289.40 99.54%
  • Top five holdings
  • Performance against peers
  • Fund data  
Management company:
PSG Collective Investments (RF) Ltd.
Formation date:
1999/09/22
ISIN code:
ZAE000156709
Short name:
U-PSGINTF
Risk:
Unknown
Sector:
Global--Multi Asset--Flexible
Benchmark:
GIFS USD Flexible Allocation (ZAR)
Contact details

Email
assetmanagement@psg.co.za

Website
http://www.psg.co.za/asset-management

Telephone
021-799-8000

  • Fund management  
Adriaan Pask


  • Fund manager's comment

PSG Advance Wealth International FoF- Jun 08

2008/08/22 00:00:00
The PSG Advance Wealth International FoF is a portfolio of Offshore funds. Through our critical mass as a trusted financial consulting firm and we can obtain access to funds there are otherwise inaccessible to South African retail investors. The Orbis fund which makes out 17.2% of the portfolio is currently closed to all retail investors. PSG Konsult can provide our clients access to such collective investment schemes at aggressively negotiated rates.
Further, often offshore investment entails significant lump sum investments. For example, the Ashburton fund which comprises18.6% of the value of the total fund requires a minimum investment of 10 000 GBP. Again, PSG Konsult can provide our clients access to such collective investment schemes at aggressively negotiated rates.
Also note that the PSG Advance Wealth International FoF is a ZAR denominated portfolio and will therefore not utilize any of the investors offshore allowance.
Feedback from Orbis on the performance of the Orbis Global Equity Fund (06/08):
'In what has been one of the worst months for many stock markets since the Great Depression, your Fund experienced its third-worst monthly decline in its 18 year history, losing 11.1%. Worse still, Global underperformed its benchmark enough to bring the year-to date performance for the Fund lower than that of the World Index. A significant contributor to this poor relative performance was Global's underweighting in the energy and commodity groups, which continue to be white hot despite the equity market downturn and increased risk of global recession. Long-term Members would not be surprised to see the Fund having rotated out of such shares we believe to be fully valued, only to see them continue to outperform. Oil was clearly the driver for global stock markets in June, with each rise in its price prompting another drop in the markets. How long this relationship lasts and what the medium- and long-term holds for oil from here is tough to predict, but from recent experience we would not be surprised to see the Fund negatively impacted in the near term by further rise in oil price.'
  • Fund focus and objective  
The PSG Konsult Global Moderate Feeder Fund is a foreign flexible fund. The primary objective of the portfolio is to provide long-term capital growth and to create an internationally diversified investment medium for investors. It will invest in a range of participatory interests or any other form of participation in portfolios of collective investment schemes or other similar schemes with an investment policy which is characterised as being of an equity, gilt, money market or income nature, provided the inclusion of the participatory interest or any other form of participation in portfolios of collective investment schemes complies with the requirements of the Act and any regulations thereto. (All underlying funds are FSB approved)
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