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1.75  /  0.69%

254.79

NAV on 2021/02/25
NAV on 2021/02/24 253.04
52 week high on 2020/08/18 258.11
52 week low on 2020/03/18 197.35
Total Expense Ratio on 2020/09/30 2.03
Total Expense Ratio (performance fee) on 0
NAV
Incl Dividends
1 month change 0.04% 0.04%
3 month change 7.41% 7.41%
6 month change 1.68% 2.18%
1 year change 9.66% 10.52%
5 year change 3.79% 4.42%
10 year change 8.13% 8.58%
Price data is updated once a day.
Click and drag to zoom in on timeline.
  • Sectoral allocations
Fixed Interest 0.20 0.12%
General Equity 51.20 29.57%
Liquid Assets 0.96 0.56%
Spec Equity 51.36 29.66%
Offshore 69.44 40.10%
  • Top five holdings
U-MOHIGHC 51.20 29.57%
U-MIOPFFF 48.96 28.27%
U-WWACBEI 46.18 26.67%
MITONOFMNFLEX 23.11 13.34%
U-OMGOLD 2.40 1.39%
  • Performance against peers
  • Fund data  
Management company:
IP Management Company
Formation date:
2008/10/01
ISIN code:
ZAE000159174
Short name:
U-SENWWFL
Risk:
Unknown
Sector:
Worldwide--Multi Asset--Flexible
Benchmark:
CPI plus 6%
Email
clientservices@ipmc.co.za

Website
No website listed.

Telephone
021-673-1340

  • Fund management  
Scott Campbell
Roeloff Horne
Roeloff is a Director and the Head of South Africa Portfolio Management at MitonOptimal and Co-Manager on a range of local funds. He was a founder and Director of Eagle Asset Management and Bond Street Financial Services - now MitonOptimal Portfolio Management (SA). He has at National Certificate in Financial Markets & Instruments and an International Capital Markets qualification from the London Securities Institute.Roeloff founded Bond Street in 2000 and was instrumental in structuring the company as a Portfolio Management Company. Roeloff has managed the Diversified Income and Worldwide Flexible Fund of Funds since their inception in 2005 and 2008 respectively.
Rod Lowe
Nick Brummer


  • Fund manager's comment

IP Worldwide Flexible FoF Comment - Dec 19

2020/02/20 00:00:00
The fund continued its good performance taking its annual return to 16.4% and outperforming its benchmark by 1.7%. A new small investment was made in property and we added substantially to our government bonds. We continued to trade our gold position profitably.
The fund is managed conservatively with an emphasis on capital preservation. With our high cash allocation, we are poised to take advantage of global opportunities. We maintain our view that global equity market valuations are still stretched as global economic growth slows. However, we see pockets of value in certain emerging markets including South Africa, As global market uncertainties persist, the Rand will remain vulnerable to fluctuations.
  • Fund focus and objective  
The fund aims to outperform CPI+6% p.a over a rolling 5 year period by investing in SA and international assets. The fund invests in SA and international equities, bonds, listed property and money market unit trusts and aims to limit volatility to between 12-15% p.a. standard deviation.

The fund has a predetermined risk budget per asset class to allow the manager to vary exposure between asset classes, whilst respecting the fund's strategic asset allocation benchmarks. The managers consider tactical asset allocations between asset classes and sectors after a team process has determined a risk score by considering the global and local leading economic indicators, asset class valuations, fundamental research, independent liquidity analysis and technical analysis.
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