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2.34  /  1.24%

188.53

NAV on 2021/09/16
NAV on 2021/09/15 186.19
52 week high on 2021/08/26 194.09
52 week low on 2020/09/18 166.27
Total Expense Ratio on 2021/06/30 0.8
Total Expense Ratio (performance fee) on 2021/06/30 0
NAV
Incl Dividends
1 month change -2.01% -2.01%
3 month change 4.93% 4.93%
6 month change 0.52% 0.52%
1 year change 11.79% 11.79%
5 year change 14.15% 14.15%
10 year change 0% 0%
Price data is updated once a day.
Click and drag to zoom in on timeline.
  • Sectoral allocations
Liquid Assets 13.08 2.82%
Offshore 450.32 97.18%
  • Top five holdings
  • Performance against peers
  • Fund data  
Management company:
Prescient Management Company Ltd. (PIM)
Formation date:
2016/04/15
ISIN code:
ZAE000216701
Short name:
U-ABAXGEQ
Risk:
Unknown
Sector:
Global--Equity--General
Benchmark:
MSCI All World Total Return Index
Email
info@prescient.co.za

Website
http://www.prescient.co.za

Telephone
+27-21-700-3600

  • Fund management  
Steve Minnaar
Steve currently analyses companies in the Telecommunication, Information Technology and Building and Construction Sectors. He is the sector head for the Industrial, Consumer and Technology Sector and manages the Global Technology Unit Trust.


  • Fund manager's comment
No fund manager's comment available.
  • Fund focus and objective  
The ABAX Global Equity Prescient Feeder Fund is a feeder fund. The portfolio will, apart from assets in liquid form, consist solely of participatory interests in the approved, ABAX Global Equity Fund ('underlying fund') under the Prescient Global Funds Plc domiciled in Ireland. The investment objective of the underlying fund is to provide investors with medium to long-term capital appreciation and income growth.
The underlying fund will seek to achieve its objective primarily through investing in securities listed on recognised exchanges around the world. These assets will consist of equities, equity related securities, included but not limited to warrants, preference shares, property and ETF's, fixed interest and money market instruments. The manager will select shares that it believes are undervalued and will generate higher future earning and/or dividend growth compared to market expectations. The underlying fund is permitted to invest in listed and unlisted financial instruments in line with the conditions as determined by legislation from time to time. The portfolio as permitted in Par 12(f) of Chapter IV of Board Notice 90 of 2014 will be allowed to enter into financial transactions for the exclusive purpose of hedging exchange risks subject to the conditions and limitations as stipulated in Chapter V of Board Notice 90 of 2014.
Nothing in the supplemental deed shall preclude the underlying funds Investment Manager from varying the ratios of asset allocation and securities, to maximise capital growth and investment potential in changing economic environments or market conditions or to meet the requirements, if applicable, of any exchange formally recognised in terms of legislation and from retaining cash or placing cash on deposit in terms of the Deed and any Supplemental Deeds thereto; provided that the Manager shall ensure that the aggregate value of the assets comprising the portfolio shall consist of securities of the aggregate value required from time to time by the Act. The Trustee shall ensure that the investment policy set out in this supplemental deed, the Deed and in all Supplemental Deeds thereto is carried out.
For the purpose of this portfolio, the manager in consultation with the Investment Manager shall reserve the right to close the portfolio to new investors on a date determined by the manager. This will be done in order to be able to manage the portfolio in accordance with its mandate. The manager may, once a portfolio has been closed, open that portfolio again to new investors on a date determined by the manager.
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