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-12.65  /  -0.58%


NAV on 2021/09/17
NAV on 2021/09/16 2207.68
52 week high on 2021/03/08 2405.62
52 week low on 2020/11/09 2082.36
Total Expense Ratio on 2021/06/30 1.87
Total Expense Ratio (performance fee) on 2021/06/30 0
Incl Dividends
1 month change -2.68% -2.68%
3 month change -3.73% -3.73%
6 month change -7.25% -7.25%
1 year change 1.53% 1.53%
5 year change 10.96% 10.96%
10 year change 0% 0%
Price data is updated once a day.
Click and drag to zoom in on timeline.
  • Sectoral allocations
Liquid Assets 0.74 1.21%
Offshore 60.76 98.79%
  • Top five holdings
  • Performance against peers
  • Fund data  
Management company:
Foord Unit Trusts Limited
Formation date:
ISIN code:
Short name:
ZAR equivalent of MSCI All Country World TRI



  • Fund management  
Dave Foord
Dave Foord founded Foord Asset Management in 1981. Foord remains an independent, owner-controlled portfolio management business that focuses exclusively on investment management. For 30 years, Dave and the team at Foord have been delivering returns for their clients well in excess of market benchmarks. They have achieved this by consistently taking a long-term view and a contrarian approach when necessary.
Brian Arcese
Ishreth Hassen
Guy Shirtliff

  • Fund manager's comment

Foord Global Equity Feeder comment - Dec 19

2020/02/19 00:00:00
„h Global equities (+3.5%) gained for the fourth consecutive month on improved risk appetite ¡V capping the best annual performance (+26.6%) in a decade
„h US equities (+2.9%) underperformed developed market peers despite the US Federal Reserve suggesting that low interest rates would persist through 2020 ¡V UK (+5.2%) and European bourses (+3.9%) outperformed as the Tories won the biggest majority in UK elections since 1987, finally paving the way for a decisive Brexit
„h Emerging markets (+7.5%) surged, led by Brazil (+12.3%), China (+8.3%) and Russia (+8.2%) ¡V a weakening dollar index (-1.9%) and an anticipated ¡§phase one¡¨ resolution of a US¡VChina trade deal lifted prospects for growth sensitive emerging markets
„h Major industrial commodities iron ore (+8.1%), copper (+5.8%) and oil (+5.7%) all rose as did precious metals gold (+3.7%) and silver (+6.4%) ¡V supported by dollar weakness and improving global trade prospects
„h Information technology (+46.9% in 2019) and consumer discretionary (+27.7% in 2019) were the best performing sectors for the year, with energy (+12.8%) performing worst ¡V the fund held substantial positions in some of the best performing consumer discretionary names, including Vipshop (+159.5%) and (+68.3%)
„h The managers are becoming increasingly cautious of rising market exuberance and valuations ¡V selectively raising cash and rotating into undervalued sectors and businesses
„h The rand advanced against the US dollar (+4.6%) on renewed emerging market risk appetite and broad based EM currency strength ¡V but the unit is vulnerable leading up to next month¡¦s budget speech and Moody¡¦s downgrade decision
  • Fund focus and objective  
The portfolio will be a Feeder Fund. The investment objective of the portfolio is to achieve optimum risk adjusted total returns by providing investors with exposure to an international collective investment scheme portfolio comprising a diversified mix of global equity and equity-related securities. The target portfolio will have an equity focus but may also invest in money market and other approved instruments including, but not limited to, listed and unlisted financial instruments to minimise volatility, enhance the yield and capital growth, while taking steps to reduce the downside risks. The target portfolio will have no particular requirements in relation to capitalisation, any predetermined geographical distribution, or any particular emphasis on industry or sector, but will invest wherever the best opportunities present themselves across various sectors and regions. Investments to be included in the portfolio will, apart from assets in liquid form, consist solely of participatory interests of only one collective investment scheme portfolio, namely the Foord Global Equity Fund being a Singapore-constituted stand-alone collective investment scheme in securities. The portfolio will be exposed to exchange rate risk. The Manager may, at its discretion, include in the portfolio listed and unlisted financial instruments for the exclusive purpose of hedging these exchange rate risks. Nothing in this supplemental Deed shall preclude the Manager from varying the ratios of investment in the underlying portfolio or assets in liquid form, to maximise overall return in response to market conditions or legal requirements, or from retaining cash or placing cash on deposit in terms of the Deed, provided that the Manager shall ensure that the unit portfolio complies with the Act.

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