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0.86  /  0.6%

144.27

NAV on 2019/11/11
NAV on 2019/11/08 143.411
52 week high on 2019/10/31 150.1224
52 week low on 2019/01/04 115.2864
Total Expense Ratio on 2019/06/30 0.48
Total Expense Ratio (performance fee) on 2019/06/30 0
NAV Incl Dividends
1 month change -0.37% -0.37%
3 month change 0.28% 0.82%
6 month change 8.63% 10.59%
1 year change 15.43% 17.91%
5 year change 0% 0%
10 year change 0% 0%
Price data is updated once a day.
  • Sectoral allocations
Liquid Assets -0.15 -0.18%
Offshore 85.29 100.18%
  • Top five holdings
ISGLBREITETF 84.62 99.4%
  • Performance against peers
  • Fund data  
Management company:
STANLIB Collective Investments (RF) Limited
Formation date:
2018/03/14
ISIN code:
ZAE000254835
Short name:
U-SGLREIF
Risk:
Unknown
Sector:
Global--Real Estate--General
Benchmark:
FTSE EPRA/NAREIT Global REIT Index
Contact details

Email
contact@stanlib.com

Website
http://www.stanlib.com

Telephone
011-448-6000

  • Fund management  
Ryan Basdeo
After beginning his career as a financial accountant in the employee benefits industry, Ryan joined STANLIB Asset Management in their Institutional Pricing team in 2008. He got experience in the Offshore Trades Processing team from 2010, before moving on to Alternative Investments as market maker for the ETFs and executing trades for the index-tracking funds, as well as assistance with portfolio management. He was appointed a Portfolio Manager in 2017. Ryan has a BCom in Taxation degree, is a JSE Registered Securities Trader, as well as a Registered Bond Trader and has been awarded a MBA from Wits Business School.


  • Fund manager's comment

STANLIB Global REIT Index Feeder Fund - Sep 19

2019/10/29 00:00:00
Fund review
The fund performed in line with the Feeder Fund and the index over the quarter.
Market overview
Post a strong run of equity markets across the globe in the first half of 2019, global markets have since slowed down due to increased tension in the trade wars and continued slowdown in global economic data. Europe and USA continued with monetary easing to offset economic slowdown. Returns have hence been flat for the quarter apart from the emerging markets, with the MSCI World at 1.1% and MSCI EM at -2.1% for the quarter. Locally, GDP was 3.1% Q/Q in Q2 2019 reversing the Q1 2019 contraction, SARB cut rates by 25bps in line with census in their July meeting but left it unchanged in September. The national treasury published a white paper on structural reform including SOE reform, marking one of the first signs of structural reforms in the new Presidency. Locally, domestic asset classes such as equities (SWIX ALSI), bonds (ALBI), and cash (STeFi) recorded mixed returns of -2.14%, 1.5% and 1.8% respectively.
Looking ahead
Against the backdrop of slowing global economic growth, a pause in trade war, could provide some relief to the financial markets. But if trade uncertainty continues posing a significant drag on business and consumer confidence, we expect risk aversion will rise as the ability of developed markets and vulnerable emerging economies to weather the impact of trade wars remains uncertain. Additionally, emerging economies with sizeable dollar debts and fiscal deficits may struggle. Locally, uncertainty will remain high until the government provides evidence that SA’s economic policy and reforms are heading in the right direction for future growth. We believe investors should focus on liquid markets segments with risk dialled down compared with market benchmarks.
The commentary gives the views of the portfolio manager at the time of writing. Any forecasts or commentary included in this document are not guaranteed to occur.
  • Fund focus and objective  
The fund is a feeder fund and as such it invests in the iShares Global REIT ETF. This underlying fund tracks the Index and aims to replicate the performance of the Index. The FTSE EPRA/NAREIT Global REIT Index is designed to track the performance of listed real estate companies and REITs worldwide. The Index is rebalanced quarterly. The fund may also hold a small portion in cash instruments and listed derivatives to effect efficient portfolio management.

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