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-7.27  /  -0.31%

2332.88

NAV on 2021/09/23
NAV on 2021/09/22 2340.15
52 week high on 2021/08/24 2437.36
52 week low on 2021/06/04 2072.02
Total Expense Ratio on 2021/06/30 1.57
Total Expense Ratio (performance fee) on 0
NAV
Incl Dividends
1 month change -4.03% -4.03%
3 month change 6.74% 6.74%
6 month change 8.3% 8.3%
1 year change 3.09% 3.09%
5 year change 0% 0%
10 year change 0% 0%
Price data is updated once a day.
Click and drag to zoom in on timeline.
  • Sectoral allocations
Energy 0.00 0.01%
Liquid Assets 1.76 4.86%
Offshore 34.54 95.14%
  • Top five holdings
APPLE 1.47 4.05%
ISUROZONE 1.42 3.92%
MICROSOFT 1.28 3.53%
AMAZON.COM 0.99 2.73%
JPMORGAN 0.94 2.58%
  • Performance against peers
  • Fund data  
Management company:
MI-PLAN (Pty) Ltd.
Formation date:
2018/09/10
ISIN code:
ZAE000116398
Short name:
U-PQALPH
Risk:
Unknown
Sector:
Global--Equity--General
Benchmark:
95% MSCI World Equity Index, 5% STeFI
Email
info@mi-plan.co.za

Website
http://www.MI-PLAN.co.za

Telephone
+27-21-671-1650

  • Fund management  
Tony Bell
Tony manages our range of target return, absolute return and managed equity product offerings. He has over 24 years investment experience and was previously the chief investment officer of Syfrets and Nedcor Investment Bank Asset Management (NIBAM). Tony joined the company in 2000 as head of business development, returning to his fund management roots in October 2008.After assuming responsibility for the target return funds, Tony worked with Fernando Durrell to develop a sophisticated asset allocation framework that is able to adjust to a range of different macro environments. This process, together with active stock and bond selection has had a marked impact on the performance of Vunani Fund Managers’ suite of target return funds. Tony has, in addition, worked with Fernando in developing the absolute return offering. Tony holds a Masters degree from the University of Stellenbosch. His thesis explored determinants of the price formation process of equities.


  • Fund manager's comment

MI-PLAN IP Global AI Opportunity Comment - Sep 19

2019/11/01 00:00:00
Financial markets around the globe continue to reflect vulnerability. Vulnerability in political discourse, in trade discussions, in agreement on climate change, and, most recently, on the strength of the US economy. Large scale protests in Hong Kong speak of a populace that no longer trusts the system of representation. UK Prime Minister Johnson, similarly, prorogues parliament in order to circumvent the normal checks and balances leading up to the October Brexit deadline. And all of this while the Zondo commission in South Africa enters its 180th day. No wonder then that businesses have scaled back on new hires and new capital projects. In looking at the most recent dynamic of the 'repo' market at the Fed, we are concerned, particularly in light of the ever-increasing funding shortfalls that sent overnight rates in the US as high as 10 percent. These global forces impacted equity markets in early September through a marked rotation away from 'momentum' and 'growth' to 'value' as p:e multiples in the former contracted rather sharply.
We remain defensively positioned with a high cash weighting and a position in gold while monitoring positioning in each of the quality stocks held in your portfolio.
  • Fund focus and objective  
The MIPLAN IP Global AI Opportunity Fund is a global equity portfolio which aims to achieve long term capital growth by investing predominantly in foreign equity securities and participatory interests in collective investment schemes including exchange traded funds. In selecting securities, artificial intelligence based quantitative processes may be used to seek out opportunities.
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