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1.23  /  0.95%

129.75

NAV on 2021/09/22
NAV on 2021/09/21 128.52
52 week high on 2021/08/11 133.92
52 week low on 2020/10/30 110.51
Total Expense Ratio on 0
Total Expense Ratio (performance fee) on 0
NAV
Incl Dividends
1 month change -1.54% -1.54%
3 month change 0.29% 0.29%
6 month change -0.1% 2.27%
1 year change 15.76% 18.5%
5 year change 1.23% 5.81%
10 year change 0% 0%
Price data is updated once a day.
Click and drag to zoom in on timeline.
  • Sectoral allocations
Additional 0.98 3.65%
Derivatives 1.08 4.02%
Liquid Assets 1.77 6.60%
Real Estate 2.29 8.52%
SA Bonds 2.26 8.42%
Offshore 18.48 68.80%
  • Top five holdings
U-PSCPROP 2.29 8.52%
PECEIDFTRUST 1.66 6.18%
FUTURES M 1.21 4.49%
 INVLTDPREF 0.23 0.87%
 ABSABANK-P 0.21 0.77%
  • Performance against peers
  • Fund data  
Management company:
Prescient Management Company Ltd. (PIM)
Formation date:
2013/06/05
ISIN code:
ZAE000169652
Short name:
N-EMHPBLQ
Risk:
Unknown
Sector:
Regional--Namibian--Unclassified
Benchmark:
CPI before costs
Email
info@prescient.co.za

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

Telephone
+27-21-700-3600

  • Fund management  
Prescient Balanced Team


  • Fund manager's comment

Hangala Prescient Abs Balanced comment - Dec 19

2020/02/24 00:00:00
Risk assets enjoyed the proverbial Santa-Claus rally during the month of December as key risks that have been weighing on market sentiment appeared to be dissipating. Firstly, news that the US and China are inching closer to sealing a phase one trade deal was met with cheers from market participants. Signing of the deal would herald a truce in the costly trade war between the world's two largest economies. Secondly, the UK election results saw Boris Johnson win with a comfortable majority to see his Brexit plans into fruition. While Prime Minister Johnson is considered to be a Brexit hardliner, financial markets just seemed to be relieved that the uncertainty around Brexit is starting to dwindle. The combination of easing financial conditions, renewed central bank balance sheet growth and diminishing risks around global trade helped allay fears that the global economy is heading for recession. As such, this stoked animal spirits and led to the impressive returns delivered by risk assets. There wasn't much in the form of market-moving events on the local front. Domestic assets, by and large, took cues from global developments. However, persistent power cuts by Eskom kept locals mulling over the growth implications of load shedding and, by extension, the impact on fiscal dynamics as February's budget statement looms over the horizon.
  • Fund focus and objective  
The Manager in selecting securities for the portfolio will seek to maximise overall returns by steady growth of income and capital so that the latter is as far as possible maintained in real returns. In order to achieve these main objectives the Prescient Balanced QuantPlus Fund, shall comprise a combination of investments in the securities, including equity, bond, money market and property markets all to be acquired at a fair market value. The portfolio will predominately invest in South African markets, but is however permitted to include investments in offshore jurisdictions subject to the investment conditions determined by the Registrar from time to time. The effective equity exposure will be between 0% and 75%.The Prescient Balanced QuantPlus Fund will be subject to the Prudential Investment Guidelines for South African Retirement Funds, being Regulation 28 of the Pension Funds Act, or such other Legislation published from time to time.The portfolio may also include participatory interests or any other form of participation in portfolios of collective investment schemes or other similar schemes. Where the aforementioned schemes are operated in territories other than in South Africa, participatory interests or any other form of participation in these schemes will be included in the portfolio only where the regulatory environment is to the satisfaction of the manager and Trustee and is of a sufficient standard to provide investor protection at least equivalent to that in South Africa.Nothing in the supplemental deed shall preclude the Manager from varying the ratios of 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 portfolio is permitted to invest in financial instruments in line with the conditions as determined by the Registrar from time to time.The Trustee shall ensure that the investment policy set out in this supplemental deed, the Deed and in all Supplemental Deeds thereto is carried outFor 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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