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-0.92  /  -0.89%


NAV on 2019/05/23
NAV on 2019/05/22 104.87
52 week high on 2018/08/29 113.97
52 week low on 2018/12/18 103.31
Total Expense Ratio on 2019/03/31 0.58
Total Expense Ratio (performance fee) on 2019/03/31 0
NAV Incl Dividends
1 month change -4.26% -4.26%
3 month change -5.22% 0.58%
6 month change 0.35% 6.49%
1 year change -2.54% 3.43%
5 year change 0% 0%
10 year change 0% 0%
Price data is updated once a day.
  • Sectoral allocations
Derivatives 18.71 4.46%
Fixed Interest 9.37 2.23%
General Equity 27.66 6.59%
Gilts 145.55 34.70%
Liquid Assets 0.97 0.23%
Money Market 50.01 11.92%
Real Estate 19.33 4.61%
Offshore 147.86 35.25%
  • Top five holdings
ISCUCIETF 41.56 9.91%
U-COCAPRE 27.66 6.59%
PECEIDFTRUST 19.51 4.65%
U-PSCPROP 19.33 4.61%
FUTURES M 18.71 4.46%
  • Performance against peers
  • Fund data  
Management company:
Prescient Management Company Ltd. (PIM)
Formation date:
ISIN code:
Short name:
South African--Multi Asset--High Equity
55.25% FTSE/JSE SWIX Top 40 + 17% All Bond Index + 12.75% SteFI Call + 9.75% MSCI World Index + 5.25% US 1 month Treasury Bill.
Contact details




  • Fund management  
Nafees Hossain

  • Fund manager's comment

Prescient Balanced comment - Sept 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. At the drop of a dime, 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.
Contributors to performance: The portfolio performance was positively affected by the selloff in the rand due to the offshore assets held. Bonds also contributed marginally over the quarter
Detractors from performance: Equities detracted from performance
  • Fund focus and objective  
The Fund aims to achieve significant real returns over the long term and to outperform the average South
African balanced unit trust fund over a full market cycle by maintaining meaningful exposure to growth assets like equities.
The Fund invests in equities and interest bearing assets domestically and overseas. The allocation to the
various asset classes will typically remain fixed at the benchmark weights but can be varied tactically from
time to time to aim for outperformance of the benchmark by capitalising on perceived mispricings in the
market. The exposure to the various asset classes will typically be managed on a passive basis.
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