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-18.16  /  -0.5%


NAV on 2021/09/16
NAV on 2021/09/15 3651.59
52 week high on 2021/08/17 3775.91
52 week low on 2020/10/30 2816.35
Total Expense Ratio on 2021/06/30 1.72
Total Expense Ratio (performance fee) on 0
Incl Dividends
1 month change -2.63% -2.63%
3 month change -0.96% -0.96%
6 month change -0.99% -0.34%
1 year change 20.29% 22.43%
5 year change 4.52% 6.12%
10 year change 7.67% 9.31%
Price data is updated once a day.
Click and drag to zoom in on timeline.
  • Sectoral allocations
General Equity 161.87 92.14%
Liquid Assets 4.52 2.57%
Spec Equity 9.29 5.29%
  • Top five holdings
U-GRYTRAC 26.10 14.85%
U-PRUOPTI 19.71 11.22%
U-36TARGE 19.69 11.21%
U-INVEQU 19.60 11.15%
U-PSGGROW 19.29 10.98%
  • Performance against peers
  • Fund data  
Management company:
IP Management Company
Formation date:
ISIN code:
Short name:
South African--Equity--General
FTSE/JSE All Share index Total Return

No website listed.


  • Fund management  
FG Asset Management
FG Asset Management (FGAM) comprises the founders of the Firstglobal group, most of whom are approved as investment managers by the Financial Services Board, each having in excess of 10 years experience as financial advisors and discretionary portfolio managers. With a view to ensuring that the multi-manager services provided by FGAM include specialist and quantitative investment expertise, we have entered into a strategic partnership with the Analytics Group, one of the leading multi-manager and investment consulting operations in South Africa, who form part of the investment committee, in an advisory capacity.

  • Fund manager's comment

FG IP Mercury Equity Fund of Funds - Dec 19

2020/02/20 00:00:00
The FG IP Mercury Equity Fund of Funds returned +2.74% in December, underperforming the benchmark FTSE/JSE All Share Total Return index which returned +3.30% but outperformed the peer group average of +2.51%. December brought some posi..vity with regards to global growth concerns, as the US and China finally came to an agreement on a “phase one” trade deal and set to sign the deal in the new year. The trade deal outcome helped drive the performance of riskier assets, with EM returning +7.5%, outperforming developed market +3.0%. Locally, South Africans were once again plagued by rolling blackouts for the first half of the month, with Eskom even announcing stage 6 load shedding, adding pressure to the already fragile South African economy, and further exposing the ailing state of SOEs. The All Bond Index ended the year off by returning +1.68% in the month. Resources returned +6.97% outperforming Financials +0.74% and Industrial index +2.32%. The Fairtree Equity Prescient Fund was the best performing underlying fund, returning (+7.69%), as the fund’s resources alloca..on contributed posi..vely to performance. No changes were made to the fund during the month.
  • Fund focus and objective  
The fund invests in a portfolio of collective investment schemes aimed at outperforming the FTSE/JSE All Share Index over the long-term. The fund is suitable for investors who are prepared to accept a high level of volatility in seeking long term growth. Investors in this fund should be willing to accept a higher, though calculated risk. The fund is a fund of funds which is actively managed and has exposure to general equity funds. The fund may have exposure to specialist funds. Additional Fund information o The annual fees referred to above include the annual fees (0.20% exc VAT) payable to FG Asset Management. o The annual fees for Class B include the administrator's annual fee and the annual fee payable to your financial advisor. For more information regarding this class, please contact your financial advisor. o At least 85% of the assets will be invested in South Africa at all times and up to 15% of the assets may be invested offshore at any point in time. o The fund will have an equity exposure of at least 75% at all times. o The fund manager may borrow up to 10% of the market value of the portfolio to bridge insufficient liquidity. o A fund of fund unit trust only invests in other unit trusts, which levy their own charges, which could result in a higher fee structure for these funds. o Total Expense Ratio (TER): For the period from 1 January 2007 to 31 March 2007 TER's of the average net asst value of the portfolio were incurred as charges, levies and fees related to the management of the portfolio. A higher TER does not necessarily imply a poor return, nor does a low TER imply a good return. The current TER's cannot be regarded as an indication of future TER's.

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