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  •  STANLIB Multi-Manager Shar’iah Balanced Fund of Funds (B4)
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0.88  /  0.79%

110.8

NAV on 2020/05/27
NAV on 2020/05/26 109.9249
52 week high on 2020/01/20 122.6129
52 week low on 2020/03/19 96.9724
Total Expense Ratio on 2019/12/31 1.54
Total Expense Ratio (performance fee) on 2019/12/31 0
NAV Incl Dividends
1 month change -0.12% -0.12%
3 month change -4.35% -4.35%
6 month change -8.35% -7.51%
1 year change -5.04% -3.39%
5 year change 1.91% 2.91%
10 year change 0% 0%
Price data is updated once a day.
  • Sectoral allocations
General Equity 163.45 13.65%
Liquid Assets 11.05 0.92%
Managed 1022.57 85.42%
  • Top five holdings
U-KAGISLB 554.08 46.29%
U-OMALBBA 468.49 39.14%
U-BCISHAR 163.45 13.65%
  • Performance against peers
  • Fund data  
Management company:
STANLIB Collective Investments (RF) (Pty) Limited
Formation date:
2015/03/25
ISIN code:
ZAE000202545
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.
Richo Venter
Richo transferred to the Multi-Manager Research and Development Team from within STANLIB. He started his career at STANLIB as a Portfolio Compliance Manager before starting and heading up the STANLIB Implementation Team. The team subsequently merged into the STANLIB Risk, Analytics and Implementation Team and his role broadened to include risk management and analytical related responsibilities. Prior to STANLIB, Richo worked within the Collective Investments Schemes Department at the Financial Services Board. He started his career in 2004 at Life Healthcare as an Information Analyst.
Nadeem Hoosen


  • Fund manager's comment

Stanlib Multi-Manager Balanced Fund - 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 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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