MONITOR THIS FUND
Become an Insider Gold member to monitor your funds.
  •  Sentio Sanlam Collective Investments General Equity Fund (B2)
  •   PRINT PAGE

-4.39  /  -0.44%

996.53

NAV on 2019/03/22
NAV on 2019/03/21 1000.92
52 week high on 2018/04/19 1103.11
52 week low on 2018/12/10 924.77
Total Expense Ratio on 2018/12/31 2.76
Total Expense Ratio (performance fee) on 2018/12/31 0
NAV Incl Dividends
1 month change -0.14% -0.14%
3 month change 4.94% 5.9%
6 month change -3.88% -2.99%
1 year change -10.01% -8.58%
5 year change 0% 0%
10 year change 0% 0%
Price data is updated once a day.
  • Sectoral allocations
Basic Materials 4.51 22.54%
Consumer Goods 2.24 11.22%
Consumer Services 4.52 22.60%
Financials 6.32 31.59%
Health Care 0.51 2.56%
Industrials 1.31 6.56%
Liquid Assets 0.13 0.66%
Telecommunications 0.45 2.26%
  • Top five holdings
 NASPERS-N 2.28 11.39%
 ANGLO 1.48 7.38%
 STANBANK 1.43 7.13%
 FIRSTRAND 1.40 7.02%
 SANLAM 1.09 5.45%
  • Performance against peers
  • Fund data  
Management company:
Sanlam Collective Investments
Formation date:
2017/10/17
ISIN code:
ZAE000248985
Short name:
U-SENTIOQ
Risk:
Unknown
Sector:
South African--Equity--General
Benchmark:
FTSE/JSE Capped Swix All Share Index J433T
Contact details

Email
No email address listed.

Website
No website listed.

Telephone
021-947-9111

  • Fund management  
Rayhaan Joosub
Rayhaan joined RMB Asset Management as a Quantitative/Derivative portfolio manager in July 1999. He was appointed as Head of Quants and Product Development in September 2002. Rayhaan manages the RMB Absolute Focus Fund, the RMB International Conservative Fund of Funds and jointly manages the RMB High Dividend Fund.
Imtiaz Suliman
Imtiaz started his career at a major life insurance company as an Actuarial Analyst. He then joined RMB Asset Management in 2004 where he worked in the Portfolio Construction team for a short stint before joining the Alternative Investments team. He is responsible for the management of structured products and overseeing the implementation of equity derivative dealing. Imtiaz also manages the RMB High Dividend Fund and co-manages the Momentum Optimal Yield Fund.
Olwethu Notshe
Mohamed Mayet


  • Fund manager's comment

Sentio SCI General Equity Fund

2019/01/08 00:00:00
As we move into the final quarter of the year, it seems evident that the US market needs to cool, or the rest of the world needs to do some catching up. Though global growth is still relatively resilient, inflation risk is clearly on the rise, driven by higher commodity prices and tight labour markets. The most recent global manufacturing PMIs are consistent with a healthy underlying growth rate, but leading indicators of economic activity suggest that global growth has peaked, and with it earnings growth. Despite this positive backdrop, investors continued fretting about emerging market assets, as the recent currency crises in Turkey and Argentina fuelled worries about contagion. Locally, President Ramaphosa announced a stimulus package, which is intended to revitalise the economy. Also, the SA Reserve Bank decided to keep the repurchase rate unchanged at 6.5%, amidst the local economy unexpectedly contracting for a second consecutive quarter in Q2, largely because of a sharp drop in agricultural output.
As the rand strengthened some 3.53% in September, the MSCI World index returned -2.87% in rands. The MSCI EM index underperformed its develop market counterparts and delivered some -3.93% in rands, largely driven by weaker Asian markets. As developed market bond yields rose, the JP Morgan Global Aggregate delivered some -4.20% in rands. Emerging market bonds fared better, outperforming their developed market counterparts, delivering some -0.72% in rands. The recent dislocations should lead to value entry points opening up in some quality and value parts of equity markets. But, as monetary policy tightens in developed markets, the ability of emerging markets to fend off inflationary pressures is being tested. Furthermore, the global listed property market derated, and delivered some -5.37% in rands.
The ALSI underperformed its developed and emerging market peers in September largely driven by the stronger rand, and delivered some -4.17% in rands. The Indi-25 and Fin-15 indices delivered some -8.07% and -1.96% respectively in rands, while the Resi-20 index inched 0.34% higher in rands. The SA 10-year bond yield weakened during the course of the month. However, as US bond yields rose, the differential between emerging market bond yields and the US bond yield narrowed generally as the broader emerging markets experienced a relief rally. As such, the ALBI delivered a muted 0.30% in rands. Over the month inflation-linked bond yields were largely unchanged and the asset class is now offering an attractive inflation plus 3% virtually across the yield curve. Inflation-linked bonds outperformed their sovereign counterparts, and delivered some 0.43% in rands. The SAPY delivered some -2.60% in rands as the dividend yield pushed higher. Domestic cash returned 0.57% in rands for the month.
  • Fund focus and objective  
The portfolio's investment universe consists, apart from assets in liquid form, of equity securities listed on the Johannesburg Stock Exchange. The portfolio may also invest in participatory interests and other forms of participation in portfolios of collective investment schemes, registered in the Republic of South Africa. The investment manager will also be allowed to invest in listed and unlisted financial instruments (derivatives) as allowed by the Act from time to time in order to achieve its investment objective. The Manager may vary the proportions of securities in terms of changing economic factors or market conditions or from retaining cash in the portfolio and/or placing cash on deposit. The Manager shall be permitted to invest on behalf of the portfolio in offshore investments as legislation permits.
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

GO TO SHOP CART

Follow us:

Search Articles:Advanced Search
Click a Company:
server: 172.17.0.2