MONITOR THIS FUND
Become an Insider Gold member to monitor your funds.

52.8  /  1.21%

4345.87

NAV on 2019/09/16
NAV on 2019/09/13 4293.07
52 week high on 2018/09/17 4719.04
52 week low on 2019/01/04 4185.61
Total Expense Ratio on 2019/06/30 1.31
Total Expense Ratio (performance fee) on 2019/06/30 0
NAV Incl Dividends
1 month change 2.27% 2.27%
3 month change -2.76% -2.16%
6 month change -1.56% -0.83%
1 year change -7.91% -6.81%
5 year change -1.08% 0.14%
10 year change 5.88% 6.77%
Price data is updated once a day.
  • Sectoral allocations
Basic Materials 22.46 4.07%
Consumer Goods 6.53 1.18%
Consumer Services 13.10 2.38%
Financials 92.93 16.86%
Fixed Interest 3.36 0.61%
General Equity 56.53 10.26%
Gilts 9.96 1.81%
Health Care 16.90 3.07%
Liquid Assets 0.21 0.04%
Other Sec 25.71 4.67%
Telecommunications 14.14 2.57%
Offshore 289.35 52.50%
  • Top five holdings
O-REGLBL 224.49 40.73%
U-RECOREE 56.53 10.26%
 HCI 33.77 6.13%
 RAC PREFS 25.71 4.67%
 FIRSTRAND 21.84 3.96%
  • Performance against peers
  • Fund data  
Management company:
RECM Collective Investments (Pty) Ltd.
Formation date:
2003/04/03
ISIN code:
ZAE000141727
Short name:
U-RECOREM
Risk:
Unknown
Sector:
Worldwide--Multi Asset--Flexible
Benchmark:
CPI plus 8%
Contact details

Email
info@recm.co.za

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

Telephone
021-657-3440

  • Fund management  
Piet Viljoen
With 25 years industry experience, Piet has become very cynical about the industry & what it stands for. He started out as a lecturer at the University of Pretoria, and then joined the Reserve Bank as an economic analyst. He became a portfolio manager at Allan Gray Investment Counsel in 1991 and in 1995 he moved to Investec Asset Management. Piet founded RE·CM in 2003 and is our Executive Chairman. Piet believes that fund managers should be true professionals, and as stewards of their clients' capital, always act in their best interests. RE·CM's adherence to this philosophy truly sets it apart from its peers in the indutry.


  • Fund manager's comment

RECM Global Flexible comment - Sep 14

2014/12/24 00:00:00
Sun International has been a top holding in the Fund for some time. The investment case is based primarily on margins going back to more normal levels through a recovery in the hotel cycle and trimming of excess fat in the business by new management. The business possesses barriers to entry in the form of casino licenses in a highly regulated industry and although Sun City is likely to continue to be a drag on returns on capital, there have been a few positive developments within the group recently. These include Sun International selling a 40% stake in GrandWest and Worcester casinos to Tsogo in a deal worth almost R2,2bn reducing the probability of a competing casino in the area, changes to the border between Mpumalanga and Gauteng allowing Sun International to move its licence from the Morula Sun to Menlyn Park, Pretoria (a very lucrative largely untapped casino market), and the sale of most of its African hotel operations to Minor International (MINT) at a reasonable price, with a resulting improvement in the quality of earnings going forwards. Despite the share rising on the back of this news, the stock still represents good value at these levels.
  • Fund focus and objective  
The RE:CM Global Flexible Fund is a rand denominated worldwide balanced fund that may invest in equities, bonds, property, cash and offshore assets. Funds are shifted between various asset classes to take advantage of areas of value. The primary objective of the portfolio is to generate returns greater than inflation over the long term with lower than average risk for investors.
Insider GOLD
ONLY R63pm

Moneyweb's premium subscription is a membership service which will give you access to a number of tools to take charge of your investments.
Or choose a yearly subscription at R630pa - SAVE R126

Get instant access to all our tools and content. Monthly subscription can be suspended at any time.

Podcasts

SHOP NEWSLETTERS TRENDING CPD HUB

Follow us:

Search Articles:Advanced Search
Click a Company: