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  •  STANLIB Multi-Manager Diversified Equity Fund of Funds (B1)

-1.04  /  -0.32%


NAV on 2021/04/12
NAV on 2021/04/09 326.6599
52 week high on 2021/03/11 329.0007
52 week low on 2020/04/13 237.8925
Total Expense Ratio on 2020/12/31 1.29
Total Expense Ratio (performance fee) on 2020/12/31 0
Incl Dividends
1 month change -0.52% -0.52%
3 month change 6.81% 6.81%
6 month change 21.53% 22.4%
1 year change 37.31% 39.89%
5 year change 5.24% 6.97%
10 year change 8.8% 10.44%
Price data is updated once a day.
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  • Sectoral allocations
General Equity 221.63 67.99%
Liquid Assets 1.41 0.43%
Spec Equity 16.49 5.06%
Offshore 86.44 26.52%
  • Top five holdings
U-SLMMEQA 221.63 67.99%
O-LEEQUI 86.44 26.52%
U-SLALSIA 16.49 5.06%
  • Performance against peers
  • Fund data  
Management company:
STANLIB Collective Investments (RF) (Pty) Limited
Formation date:
ISIN code:
Short name:
South African--Equity--General
Domestic Equity General Micropal Sector Mean



  • Fund management  
Malcolm Holmes
Malcolm Holmes has 11 years investment experience and has been a portfolio manager in his own right, which makes him the perfect candidate to oversee the evaluation of the underlying managers and their portfolios. As the head portfolio manager, Malcolm is the key person responsible for product development and design at STANLIB Multi-Manager. He is responsible for ensuring that our products meet their investment objectives and that the underlying managers meet their mandates.
STANLIB Multi-Manager
STANLIB Multi-Manager was established in 1999 and is the centre of excellence for multi-managed solutions within STANLIB. The investment team, led by Chief Investment Officer Joao Frasco, consists of an experienced team with a diverse set of investment skills. We have offices in Johannesburg and London, and currently have mandates in excess of R90 billion under stewardship. STANLIB Multi-Manager Funds are designed to deliver superior investment returns more consistently than through a single asset manager or mandate. Our approach allows investors’ to outsource the fund / manager selection decision, which includes the ongoing due diligence of managers and construction of portfolios, to meet pre-defined objectives over time. Risk management is a fundamental component of our investment philosophy and process and is therefore approached holistically. It permeates every part of our investment process, requiring participation and accountability from all individuals involved in the process.
Naweed Hoosenmia
Naweed joined the STANLIB Multi-Manager Research and Development Team at as a Quantitative Analyst. Prior to STANLIB, Naweed was a Portfolio Risk Analyst at Eminence Partners, a Johannesburg-based long/short equity hedge fund operated under the Peregrine fund platform.
Jennifer Henry
In addition to investment knowledge, Jennifer brings valuable experience and diversity to the team and it is expected that she will contribute at the highest level. Jennifer joined the team from Standard Bank Group Securities where she was an Equity Analyst covering Media, Electronic and IT stocks. She has over seven years of investment experience and has been highly rated in her area of expertise.
Nadeem Hoosen

  • Fund manager's comment

STANLIB MM All Stars Equity FoF Comment - Dec 19

2020/03/02 00:00:00
Equities continued to show signs of weakness in the third quarter, undoing the positive momentum of the first half of the year. Global equities returned 7.3% in rand terms for the quarter, driven mostly by the rand losing 7.4% of its value against the US dollar. The sell-off happened in July and August when market participants became more concerned about slowing global trade as a result of the US/China trade war. Central banks tried to soften the blow by engaging in expansionary monetary policies, but their efforts fell short.
SA equities followed the global trend losing 5.1% for the quarter, driven by poor performance from resource and financial companies which lost 6.4% and 6.8% respectively. Sasol lost 27.7% of its value after it announced a second delay in its financial results pending an in-depth investigation into the Lake Charles project. Year-to-date, the company is down 39.1%. Single metal companies such as Northam, Implats, Harmony and Sibanye bucked the trend, rallying between 25% and 40% during the quarter. The fall in financials was largely on the back of poor business confidence in SA, which was at a 34-year low in August. In response, most investors have shied away from domestic equities – concerns of poor economic growth, escalating contingent claims from the state-owned companies as well as a stubbornly high unemployment rate are some of the factors that have contributed to this. The same factors drove returns in the property market, which declined 4.2% for the quarter. The presence of UK property companies in the local bourse also detracted from the market. Brexit remains a major problem for these companies. This was evident in Intu’s 39% plunge for the quarter, despite gaining 12% in September.
  • Fund focus and objective  
The Fund's investment objective is to provide long-term capital growth through investment in local and global equity markets. It is a fully invested, multi-managed equity portfolio managed within the guidelines of the ASISA South African Equity General Sector (currently a maximum of 25% global equity) allowed. The Fund aims to achieve CPI+7% p.a over 7-year rolling periods. The Fund is not regulation 28 compliant.

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