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-7.74  /  -0.36%


NAV on 2019/09/13
NAV on 2019/09/12 2174.21
52 week high on 2018/10/08 2360.06
52 week low on 2019/01/04 1937.11
Total Expense Ratio on 2019/06/30 2.46
Total Expense Ratio (performance fee) on 2019/06/30 0
NAV Incl Dividends
1 month change 2.55% 2.55%
3 month change -0.04% -0.04%
6 month change 1.02% 1.02%
1 year change -5.64% -5.64%
5 year change 7.44% 7.44%
10 year change 8.12% 8.12%
Price data is updated once a day.
  • Sectoral allocations
Liquid Assets -2.74 -1.68%
Offshore 166.29 101.68%
  • Top five holdings
ROASPAEQINS 92.34 56.46%
NOMJAPSTRAT 33.15 20.27%
ROASSTEQ 31.80 19.45%
O-SEIPACF 8.01 4.9%
  • Performance against peers
  • Fund data  
Management company:
Sanlam Collective Investments
Formation date:
ISIN code:
Short name:
MSCI AC Asia Pacific index
Contact details

No email address listed.

No website listed.


  • Fund management  
Sanlam International Investments

  • Fund manager's comment

Sanlam Asia Pacific FoF comment - Mar 17

2017/07/11 00:00:00
The first quarter of 2017 contained a lot of news (as well as noise) around Donald Trump and how he is faring as a president. Markets continued in a positive manner on the back of his campaign rhetoric regarding tax reforms and deregulation. However, towards the end of the quarter doubts started to form amongst investors - relating to the efficacy which Trump will be able to deliver on his promises. Very little has in fact been implemented to date and the jury is still out. As a result the reflation trade lost momentum towards the end of the quarter, specifically in Europe. Economic data from across the globe has been improving over the quarter; ''soft data'' has seen significant improvements whereas the hard data has been lagging and is much more moderate in magnitude. Going into the second quarter investors are eagerly waiting for the hard data to confirm the recovery. While it is widely acknowledged that the economy is showing signs of improvements, risks to the global economy have not disappeared. One of these risks for equity markets going forward is a significant increase in inflation without the accompanying earnings growth. Going forward the French elections could be a massive shock to markets specifically if Le Pen comes to power. However, market participants are ascribing a very low probability to such an event. On the other hand, it seems that the recent perceived market shocks, those events which were perceived as a negative at the time, namely Brexit and the Trump victory, have sent equities to all-time highs while volatility has descended to all-time lows. That being said, the bond markets have not agreed with the rosy picture that equities have painted in the first quarter of 2017, but also advanced over the quarter.
For the quarter, Asia Pacific equity markets, as measured by the MSCI All Country Asia Pacific Index, rose by 9.41%. January was a very strong month with a return of 4.95%, followed by a strong February indicated by a 2.50% rise in the index. In March the positive performance continued with an absolute return of 1.71%. Some of the factors that contributed to the strong returns in the region were a positive turn in sentiment regarding China, a weakening US dollar towards the end of the quarter and continued reform efforts across the region. A potential risk that remains is US trade policy changes, though we remain sceptical as to whether or not that actually materialises. Policy mistakes in Asia is another risk, specifically in China with their party congress later in 2017 where investors fear politicians might be too focussed on the politics as opposed to steering the economy.
  • Fund focus and objective  
The primary objective of the fund is to provide medium to long-term capital growth by investing predominantly in equity funds focussed on countries in the Asian Pacific region including Japan.
The Sanlam Asia Pacific Fund of Funds is a specialist fund of funds with a specific focus on international equity portfolios. The investment objective of the Sanlam Asia Pacific Fund of Funds is to provide access to Asia Pacific economies.
Investments to be included in the Sanlam Asia Pacific Fund of Funds will, apart from assets in liquid form and fixed interest securities consist solely of participatory interests in collective investment schemes or other similar schemes operated in territories with a regulatory environment which is to the satisfaction of the manager and trustee of a sufficient standard to provide investor protection at least equivalent to that in South Africa. Further in view of exchange control restrictions the portfolio may, but in the discretion of the portfolio manager, invest in participatory interests and other forms of participations in South African registered collective investment schemes with a predominantly rand-edge or offshore exposure.
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