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-0.66  /  -0.27%

243.76

NAV on 2019/03/20
NAV on 2019/03/19 244.42
52 week high on 2018/03/22 245.1
52 week low on 2018/04/03 225
Total Expense Ratio on 2018/12/31 0.89
Total Expense Ratio (performance fee) on 2018/12/31 0
NAV Incl Dividends
1 month change 1.19% 1.19%
3 month change 5.05% 5.05%
6 month change 4% 4%
1 year change -0.68% 7.26%
5 year change 0.1% 5.62%
10 year change 1.26% 6.38%
Price data is updated once a day.
  • Sectoral allocations
Derivatives 15.54 1.72%
Financials 4.15 0.46%
Fixed Interest 368.59 40.77%
Gilts 259.98 28.75%
Liquid Assets 2.10 0.23%
Money Market 141.19 15.62%
Other Sec 59.53 6.58%
Real Estate 53.09 5.87%
  • Top five holdings
U-PRESTAB 184.86 20.45%
U-PFLEXFI 183.73 20.32%
U-PSCPROP 53.09 5.87%
MM-02MONTH 50.02 5.53%
MM-03MONTH 28.13 3.11%
  • Performance against peers
  • Fund data  
Management company:
Prescient Management Company Ltd. (PIM)
Formation date:
2004/05/01
ISIN code:
ZAE000063442
Short name:
U-PSCPRT
Risk:
Unknown
Sector:
South African--Multi Asset--Medium Equity
Benchmark:
Headline CPI + 3%
Contact details

Email
info@prescient.co.za

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

Telephone
+27-21-700-3600

  • Fund management  
Guy Toms
Guy is Prescient's Chief Investment Strategist and one of its co-founders. After graduation, Guy worked as a bond analyst and manager, and as derivatives specialist at asset management houses including Colonial Mutual, Cape Gilt Investments and Southern Life. At Investec, Guy worked as a bond manager and was responsible for all derivative exposure in the pension funds. He then joined District Securities Bank where he was later appointed a Bank Director, before leaving to establish Prescient Investment Management with Herman Steyn
Bastian Teichgreeber


  • Fund manager's comment

Prescient Positive Return Quant + Comment - Sep 18

2018/12/14 00:00:00
Trade war rhetoric was once again the primary source of market volatility last month. Initially, markets were buoyed by lower than expected tariffs placed on imports by both the US and China, as the trade war was then deemed to be less severe than initially expected. At the same time, the US invited China to further trade talks, on which practitioners were most likely placing a high probability of a promising outcome. This quickly changed when China called off the talks, which sent emerging markets into a tailspin. The MSCI World index added 4.53% in Q3 as demand for quality assets rose. Conversely, the MSCI Emerging Markets index lost -2.02% over the same period as risk off sentiment took its toll. US and EU markets were mostly up over the quarter with the S&P 500 and the CAC40 indices closing 7.20% and 3.19% up respectively. The DAX index lost -0.48% in Q3 as fears grew that Germany was next in line to face the wrath of Trump's nationalist policies.
Domestically, SA officially entered a recession, which caught markets off guard to some extent. To counter this, President Ramaphosa released plans to ignite domestic growth, which was well received by markets. Nevertheless, the JSE All Share index ended the third quarter -2.17% in the red. The R186 yield rose by 0.15% to end the quarter at 8.99% as demand for SA bonds waned. Moody's meanwhile, assured that it was unlikely that they would downgrade SA this year. The JSE All Bond index added 0.78% last quarter. The Positive Return portfolios sold upside exposure in August when the market peaked. Then moving through the futures closeout in September, the cap expired so the portfolio should fully benefit from any market moves higher.
  • Fund focus and objective  
INVESTMENT AND RETURN OBJECTIVE
The Fund aims to return CPI + 4% per annum over the medium term by generating consistent positive returns while protecting capital over rolling 12-month periods.
INVESTMENT PROCESS
The Fund invests in cash, capital market instruments and equities with an active asset allocation overlay. The equity component of the Fund is protected to reduce the risk of capital loss. The Fund is thus structured to optimise returns in positive market cycles and to protect capital during negative periods/cycles.
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