NAV on 2019/09/16
|NAV on 2019/09/13
|52 week high on 2019/06/28
|52 week low on 2019/01/02
|Total Expense Ratio on
|Total Expense Ratio (performance fee) on
Prudential Portfolio Managers Unit Trusts Ltd.
IJG Money Market Index
David joined Prudential Portfolio Managers SA, as Head of Fixed Income in January 2009. Prior to Prudential, he was the senior fixed interest portfolio manager in the London office of M&G Investments. David worked at Prudential in South Africa in 1999 and 2000, and was responsible for establishing our current fixed interest process. Before joining M&G, David worked for Hill Samuel Asset Management as a fixed income fund manager, managing both life and pension funds for a variety of clients. David graduated from the London School of Economics with a BSc in Economics and from Birkbeck College with an MSc in Economics. He is an Associate of the Institute of Investment Management and Research.
Prudential Investment Managers
Roshen Harry is a Portfolio Manager at Prudential Investment Managers, with 10 years’ experience. Having joined the group in May 2006, he is co-Portfolio Manager of Prudential’s Enhanced Income Fund, High Interest Fund and Money Market Fund.
Prudential Namibian Enhanced Income Fund - Mar 19
The FTSE/JSE All Share (ALSI) returned 1.6% on a total return basis in March 2019. The All Bond Index returned 1.3%. Cash returned 0.6%.
The NSX Overall Index returned -2.0% and the NSX Local Index returned 2.9% on a total return basis in March. Over a 12-month period the NSX Overall Index returned -0.1% against 3.3% for the Local Index. The IJG All Bond Index returned 1.4% in March and 10.5% over 12 months. The IJG Money Market Index increased by 0.6% in March and by 7.7% over 12 months.
The Namibian dollar weakened by 3.3% against the US dollar, 1.9% against the euro and 1.0% against the pound sterling in March 2019.
The fund realised a total return of 0.7% for the month. Contributing to absolute performance was the fund’s position in South African bonds (excluding inflation-linked bonds) and SA and Namibian cash. This brings the one year performance of the fund to 5.8% (after fees).
The fund delivered a return of 6.4% per annum since inception (after fees) whilst NCPI inflation has increased by 5.0% per annum over the same period.
The Fund intends to offer investors a higher return than those offered by money market or pure income funds and aims to achieve a return of cash plus 2% p.a. (before fees). It invests in a wide range of income-producing assets, while seeking to protect capital and reduce volatility through active asset management.
This Fund is an actively managed income solution and is suitable for investors seeking higher income returns while enjoying moderate capital growth within a fund that aims to protect the investor's capital and reduce volatility over the medium to long term. Investors looking to grow their income over time without taking excessive risk may benefit by investing in this higher-yielding income fund. The typical investment time horizon would be 1 to 3 years but is dependent on the client's income needs and risk profile.