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0.19  /  0.16%

120.19

NAV on 2021/09/17
NAV on 2021/09/16 120
52 week high on 2021/08/31 122.49
52 week low on 2020/11/02 104.05
Total Expense Ratio on 2021/06/30 1.54
Total Expense Ratio (performance fee) on 2021/06/30 0
NAV
Incl Dividends
1 month change -1.43% -1.43%
3 month change 0.56% 1.78%
6 month change 1.55% 2.79%
1 year change 13.31% 15.99%
5 year change 2.41% 5.2%
10 year change 0% 0%
Price data is updated once a day.
Click and drag to zoom in on timeline.
  • Sectoral allocations
Basic Materials 46.02 11.10%
Consumer Discretionary 35.76 8.63%
Financials 33.38 8.05%
Fixed Interest 0.00 0.00%
Health Care 5.52 1.33%
Industrials 14.65 3.54%
Liquid Assets 17.73 4.28%
Managed 93.32 22.52%
Real Estate 11.99 2.89%
SA Bonds 26.41 6.37%
Technology 28.24 6.81%
Telecommunications 12.67 3.06%
Offshore 88.71 21.41%
  • Top five holdings
U-ANCBOND 76.58 18.48%
 NASPERS-N 20.95 5.06%
O-ANCGLEQ 15.15 3.66%
U-ANCWWFL 14.26 3.44%
ISCUCIETF 9.97 2.41%
  • Performance against peers
  • Fund data  
Management company:
Anchor Capital (Pty) Ltd.
Formation date:
2015/02/03
ISIN code:
ZAE000200598
Short name:
U-ABMANAG
Risk:
Unknown
Sector:
South African--Multi Asset--High Equity
Benchmark:
CPI + 5% p.a.
  • Fund management  
Peter Armitage
Peter Little
Peter Little has a B Com degree and is a CFA charter holder. He has worked in the financial services industry for 18 years, on both the buy and sell side, in London for the first 8 years and New York for the next 8 years before moving to Anchor Capital in 2013. He has worked for a number of global investment banks, Including JP Morgan, RBS & Barclays Capital. Most recently Peter was at Credit Suisse Asset Management in New York where he was head of portfolio management for the systematic hedge funds.


  • Fund manager's comment

Anchor BCI Managed Fund comment - Dec 19

2020/02/14 00:00:00
The Anchor BCI Managed Fund ended the year up 9.5%, in line with the category average. The JSE and most major global stock markets closed 2019 higher despite ongoing US/China trade wars, a murky global macro-economic outlook, geopoli..cal issues (including Hong Kong protests, the August government crisis in Italy and others) and con..nued Brexit delays. Our posi..oning throughout the year was quite balanced and looking towards the year ahead, or at least the first quarter, we will keep the fund posi..oned this way. A lack of domes..c growth served as a frustra..ng backdrop for the domes..c equity market. A..rac..ve valua..ons meant keeping an alloca..on to domes..c cyclicals at around 35%, with the balance split between businesses with li..le to no opera..ons in South Africa and mining companies in this por..on of the fund. Within the fixed income por..on of the fund, the risk profile remains low with 2020 looking to be a year of binary outcomes with event risk around every corner as we look to the SA government’s ability to make difficult decisions that will steady Eskom, open up the power market and deal with the excessive debt burden. Property had a disappoin..ng end to the year where there was some op..mism at the beginning of a reversal of fortune a..er a calamitous 2018, which never came to pass. This por..on, too, is defensively posi..oned.
  • Fund focus and objective  
The fund will be managed in compliance with Regulation 28 investment guidelines. The net equity exposure will range between 0% and 75%. In order to achieve its objective, the investments normally to be included in the portfolio may comprise a combination of assets in liquid form, money market instruments, interest bearing securities, bonds, debentures, corporate debt, equity securities, property securities, preference shares, convertible equities and non-equity securities. The portfolio may invest in listed and unlisted financial instruments. The manager may also include forward currency, interest rate and exchange rate swap transactions for efficient portfolio management purposes.
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