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20.44  /  0.52%


NAV on 2021/09/22
NAV on 2021/09/21 3921.96
52 week high on 2021/08/25 4002.19
52 week low on 2020/10/30 3363.83
Total Expense Ratio on 2021/06/30 2.7
Total Expense Ratio (performance fee) on 2021/06/30 0
Incl Dividends
1 month change -1.04% -1.04%
3 month change 1.91% 2.48%
6 month change 3.68% 4.27%
1 year change 15.76% 17.49%
5 year change 2.86% 5.79%
10 year change 0% 0%
Price data is updated once a day.
Click and drag to zoom in on timeline.
  • Sectoral allocations
Fixed Interest 34.92 22.24%
Liquid Assets 2.71 1.72%
Managed 96.78 61.65%
Spec Equity 22.57 14.38%
Offshore 0.00 0.00%
  • Top five holdings
U-MINSWWF 22.57 14.38%
U-PSGOPP 20.20 12.87%
U-PERMBAL 19.21 12.24%
U-LAURFLE 19.17 12.22%
U-36FLEX 19.15 12.2%
  • Performance against peers
  • Fund data  
Management company:
Boutique Collective Investments (RF) (Pty) Ltd.
Formation date:
ISIN code:
Short name:
South African--Multi Asset--Medium Equity
Average of the SA Multi Asset Medium Equity ASISA category, calculated over a rolling 1 year period



  • Fund management  
Destiny Fund Managers
Ross Breedt

  • Fund manager's comment

PSG Alphen Prudential FoF comment - Dec 11

2012/02/22 00:00:00
2011 was characterized by exceptionally wild swings in stock prices returns from week-to-week and even day-to-day; but measured over the full year we went nowhere slowly with a total return of 2.6% for the All Share Index on the JSE. Speculators that thrive on macro noise had a lot of news to chew on. Sentiment swung between extreme pessimism, centred on talks of a Eurozone break-up and Chinese growth deceleration, to extreme optimism that was typically fuelled by empty promises after each of the different Eurozone summits held during 2011. It was one of those years though where doing less generally ended up adding more value to portfolio returns.
The equity market gave up 2.5% during December after strong gains from their lows in August 2011. Leading the losses were Resources down 5.5% and Industrials -1.8%. Financials however gained 1.7%. At the opposite end of the spectrum, long dated inflation linked bonds delivered 2.7%, continuing their strong rally from their October low. Listed property also performed well with a total return of 2.1% for the index. The All Bond Index delivered a return of 0.7%, with long dated bonds out-performing, with a return of 0.9% and short term bonds underperforming with a return of 0.6%. Cash delivered a return of 0.44%.
Inflation has continually pushed higher, peaking above the 6.4% level, having been as low as 5.4% level four months ago. The rand ended the year as one of the worst performing currencies, depreciating on average 15% to 20% against all major currencies. Further deterioration in economic conditions abroad and increased risk aversion will result in continued rand depreciation. This will have negative ramifications for inflation, which is already breaching the upper band of the inflation target and is likely to sustain these elevated levels in the short to medium term. Accordingly, the risk to inflation remains to the upside.
  • Fund focus and objective  
The Destiny BCI Prudential Fund of Funds is a prudential fund of funds with the objective to firstly preserve capital and secondly to grow both capital and income of the medium to long term. The portfolio will invest across asset classes and will be managed in compliance with prudential investment guidelines for retirement funds in South Africa to the extent allowed for by the Act. On a look through basis, the portfolio's equity exposure will range between 0% and 60% of the portfolio's asset value.

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