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0.08  /  0.07%


NAV on 2021/09/17
NAV on 2021/09/16 110.28
52 week high on 2021/09/17 110.36
52 week low on 2020/10/01 106.26
Total Expense Ratio on 2021/06/30 0.91
Total Expense Ratio (performance fee) on 2021/06/30 0
Incl Dividends
1 month change 0.6% 0.6%
3 month change 0.43% 1.61%
6 month change 1.2% 3.57%
1 year change 2.22% 7.31%
5 year change 1.44% 7.78%
10 year change 0% 0%
Price data is updated once a day.
Click and drag to zoom in on timeline.
  • Sectoral allocations
Basic Materials 8.16 0.31%
Derivatives 55.65 2.11%
Fixed Interest 812.19 30.79%
Liquid Assets 53.33 2.02%
Money Market 50.98 1.93%
Real Estate 28.36 1.08%
SA Bonds 1465.18 55.55%
Spec Equity 1.12 0.04%
Offshore 162.46 6.16%
  • Top five holdings
U-INDIVIN 500.34 18.97%
U-NEDCSHP 135.94 5.15%
U-TANSTRA 81.97 3.11%
U-PRUHGIN 69.91 2.65%
FUTURES M 54.33 2.06%
  • Performance against peers
  • Fund data  
Management company:
Boutique Collective Investments (RF) (Pty) Ltd.
Formation date:
ISIN code:
Short name:
South African--Multi Asset--Income
Average of SA Multi Asset Income category



  • Fund management  
Boutique Investment Partners

  • Fund manager's comment

BCI Best Blend Flexible Income comment - Jun 14

2014/08/25 00:00:00
Global and local markets were eventful in June, starting with China and Japan which both displayed improvements in their PMI numbers. Japan is undertaking a three pronged approach involving monetary and fiscal stimulus as well as structural reforms involving tax cuts, industry liberalisation and increased diversity of the workforce. The Nikkei 225 delivered 3.62%, while the Shanghai Composite returned 0.54%. Europe took measures to counter deflation, by cutting its refinancing rate to 0.15% and has made deposit rates -0.1% making it unattractive for banks to hold cash. This was eclipsed by the ECB's targeted LTRO plan, which lends banks up to €400 billion at declining rates if they lend more. Overall, European markets experienced a sell-off of 2%, led by Financials when BNP Paribas was found guilty of violating US sanctions and given a $9 billion penalty. The US had a faster-than-expected inflation rate which was 2.1% and drove bond yields upwards temporarily, but assurances from the Fed that interest rates would remain low eased fears. US markets performed well with the S&P delivering 2% and NASDAQ recovering some biotech and tech losses to deliver 4%. Local markets rallied led by Resources (3.45%) and followed by Industrials (2.80%) and Financials (2.70%). The resources sector has been recovering after unions reached an agreement with the platinum miners to end the 5-month long strike. The Top 40 delivered 3.03%, mid-caps returned 1.7% and small caps were flat. Inflation linked bonds (1.4%) outperformed nominal bonds (0.95%), while cash delivered 0.47%. Inflation has reached 6.60% on the back of increasing food and transport prices. The rand weakened to R10.63/$, R14.55/€ and R18.17/£.
  • Fund focus and objective  
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, bonds, debentures, convertible securities, cash deposits, corporate debt, listed property, preference shares, non-equity securities, equity securities and any other securities which are considered to be consistent with the portfolio's primary objective. The portfolio‘s equity exposure, if any, will not exceed 10% of its net asset value. The portfolio may from time to time invest in listed and unlisted financial instruments. The manager may include forward currency, interest rate and exchange rate swap transactions.

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