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  •  STANLIB Multi-Manager Shar’iah Balanced Fund of Funds (B1)
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-0.96  /  -0.82%

117.39

NAV on 2020/02/25
NAV on 2020/02/24 118.3452
52 week high on 2019/12/18 122.7032
52 week low on 2019/08/16 114.5223
Total Expense Ratio on 2019/12/31 1.2
Total Expense Ratio (performance fee) on 2019/12/31 0
NAV Incl Dividends
1 month change -1.73% -1.73%
3 month change -2.93% -1.89%
6 month change 2.1% 3.19%
1 year change 1.44% 3.56%
5 year change 0% 0%
10 year change 0% 0%
Price data is updated once a day.
  • Sectoral allocations
General Equity 197.70 14.37%
Liquid Assets 10.10 0.73%
Managed 1167.97 84.90%
  • Top five holdings
U-KAGISLB 645.12 46.89%
U-OMALBBA 522.85 38%
U-BCISHAR 197.70 14.37%
  • Performance against peers
  • Fund data  
Management company:
STANLIB Collective Investments (RF) Limited
Formation date:
2015/03/25
ISIN code:
ZAE000202529
Short name:
U-STSHAR
Risk:
Unknown
Sector:
South African--Multi Asset--High Equity
Benchmark:
45% FTSE/JSE Shariah ALSI, 35% STeFI Composite (less 0.5%), 15% Dow Jones Islamic World Index (priced in ZAR), 5% 3-month USD LIBOR (priced in ZAR)
Contact details

Email
contact@stanlib.com

Website
http://www.stanlib.com

Telephone
011-448-6000

  • Fund management  
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.
Suhail Mohamed
Suhail joined STANLIB in 2010 as the Shari’ah Manager, responsible for Shari’ah compliance as well as product development and enhancement. He began his career with Oasis Asset Management in 2005 and has since worked in various industries including Property Development, B-BBEE and Retail.
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.


  • Fund manager's comment

Stanlib Multi-Manager Balanced Fund - Sep 19

2019/12/11 00:00:00
Global assets continued their recovery from 2018 levels, as equities and fixed income markets continued where they left off in the first six months of the year. Recent comments and actions from central banks added to the positive sentiment prevailing in equities and bonds. Global equities delivered a strong performance year to date (+23.8% in rand terms), MSCI EM (+16.1% in rand terms) and the FTSE/JSE SWIX All Share Index (+4.3%). The Resource Sector remained the biggest positive contributor to SA performance with a YTD gain of 13%. SA bonds also delivered positive returns in September, taking YTD performance for the ALBI to 8.4%, while the rand depreciated by a disappointing 7.1% against the dollar for the quarter.
  • Fund focus and objective  
The Fund is a multi-asset class (including foreign) Shari'ah compliant portfolio that is diversified across asset classes, sectors and asset managers. Its objective is to outperform the average return of investable peers i.e. the Shari'ah balanced peer average, at risk levels consistent with those of these peers.
The Fund aims to provide long-term growth of capital and income with volatility at levels consistent with Shari'ah balanced (± 60% equity) portfolios and is 28 compliant.
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