|Alexander Forbes Investments Equity Fund of Funds|
|MANAGEMENT|| Fund Manager's Comment|
|Glenn T Silverman, BCom; BAcc CA (SA); CFA|
|Glenn qualified as a chartered accountant in 1990 after completing his articles with firm Kessel Feinstein. He then spent two years in commerce before joining a major asset management company where he gained two and a half years practical experience in research and fund management. He worked for the RMB Asset Management team before joining Investment Solutions|
|FUND OBJECTIVES AND FOCUS|
The Alexander Forbes Equity Fund of Funds will seek to provide returns above benchmark with greater diversification than traditional equity funds. The universe will consist of all equity CIS portfolios. Investment into other Fund of Funds CIS portfolios is not permitted. The Investment Solutions Multi-Manager Equity Unit Trust Fund of Funds portfolio will compete directly with other Equity Funds of Funds in the South African market.
The fund is a medium risk equity portfolio aimed at adding value through buying participatory interests of other collective investment scheme portfolios. Investments to be included in the fund will, apart from assets in liquid form, consist solely of participatory interests in local and global portfolios in equities (including listed property) as legislation permits. With respect to participatory interests of portfolios operated outside of South Africa, the Manager and the Trustees will first satisfy themselves that the regulatory environment in which these portfolios are operated are of a sufficient standard to provide investors protection, as a minimum, equivalent to that in South Africa. The portfolio will have a minimum exposure of 80% in equities.
|Sector Rank: 94 out of 137 |
(lump sum over 3 years to 31 July 2017)
|Overall Rank: 905 out of 1038 |
(lump sum over 3 years to 31 July 2019)
|R1000 invested on 31 July 2016 was worth R 1017 at 31 July 2019|
( 0.57% annual compound return)
|R100 per month since 31 July 2016 was worth R 3633 at 31 July 2019|
( 0.60% annual return compounded monthly)
|Formation Date:||17 SEP 2001
|Top Holdings on 31 July 2019|
|Share (Sector)||No.||Value||% of Fund|
|U-ABSSEEQ (General Equity)||6,516,011||38,423,613|| 29.84 %|
|CASH (Cash on call)||0||455,505|| 0.35 %|
|U-CORTP20 (Large Cap)||293,259||39,253,684|| 30.48 %|
Market Statistics are calculated by Sharenet and are therefore not the official JSE Market Statistics. The calculation/derivation may include underlying JSE data.