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3.18  /  0.18%

1738.22

NAV on 2021/09/16
NAV on 2021/09/15 1735.04
52 week high on 2021/08/25 1755.42
52 week low on 2020/10/30 1577.63
Total Expense Ratio on 2021/06/30 1.4
Total Expense Ratio (performance fee) on 0
NAV
Incl Dividends
1 month change -0.62% -0.62%
3 month change 1.03% 1.03%
6 month change 1.35% 2.77%
1 year change 5.84% 9.49%
5 year change 2.36% 6.78%
10 year change 4.35% 8.63%
Price data is updated once a day.
Click and drag to zoom in on timeline.
  • Sectoral allocations
Bond Funds 116.84 8.02%
Fixed Interest 665.94 45.71%
General Equity 172.98 11.87%
Liquid Assets 44.05 3.02%
Managed 216.16 14.84%
Real Estate 14.09 0.97%
Spec Equity 226.67 15.56%
  • Top five holdings
U-SMIPICO 159.16 10.93%
U-NEDREN 145.39 9.98%
U-INDIVIN 130.39 8.95%
U-PSCINC 130.01 8.93%
U-SBNDINX 116.84 8.02%
  • Performance against peers
  • Fund data  
Management company:
IP Management Company
Formation date:
2007/07/02
ISIN code:
ZAE000172011
Short name:
U-FGVENCA
Risk:
Unknown
Sector:
South African--Multi Asset--Low Equity
Benchmark:
Average of the South African - Multi Asset - Low Equity Category
Email
clientservices@ipmc.co.za

Website
No website listed.

Telephone
021-673-1340

  • 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 Venus Cautious FoF Comment- Dec 19

2020/02/20 00:00:00
The FG IP Venus Cau..ous Fund of Funds returned (+0.54%) for the month of December, underperforming the benchmark peer group average which returned (+0.63%) over the month. 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 is set to sign the deal in the new year. The posi..ve trade deal outcome helped drive the performance of riskier assets, with EM equi..es returning +7.5% (MSCI Emerging Markets NR), outperforming developed market equi..es (+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. Local equi..es (FTSE/JSE All Share) lagged global equi..es returning +3.3% but s..ll outperformed local proper..es which returned 2.07%( SAPY). Investec Global Mul.. Asset Income Feeder Fund, was the worst performing underlying fund returning 3.27% as the rand appreciated +7.65% rela..ve to the US dollar. No changes were made to the fund during the month.
  • Fund focus and objective  
The fund is ideal for investors seeking a relatively low risk fund which aims to achieve total returns in excess of the average of the SA-Multi Asset-Low Equity Category – net of fees over the long term. The portfolio invests in collective investment schemes investing in equities, bonds, listed property and money market instruments, both locally and abroad. This fund is ideal for investors who strives to gain exposure to the stock, bond and money markets, but is not confident enough to time their entry into or exit out of specific market sectors. The Fund is Regulation 28 compliant.
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