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3.97  /  0.18%


NAV on 2021/09/16
NAV on 2021/09/15 2238.91
52 week high on 2021/08/25 2296.96
52 week low on 2020/10/30 2009.04
Total Expense Ratio on 2021/06/30 1.8
Total Expense Ratio (performance fee) on 2021/06/30 0
Incl Dividends
1 month change -1.85% -0.57%
3 month change -0.11% 1.19%
6 month change 1.94% 3.28%
1 year change 8.88% 12.05%
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
General Equity 10873.15 99.70%
Liquid Assets 32.59 0.30%
  • Top five holdings
DOMESTICFUNDE 10873.15 99.7%
  • Performance against peers
  • Fund data  
Management company:
PSG Collective Investments (RF) Ltd.
Formation date:
ISIN code:
Short name:
South African--Multi Asset--Low Equity
CPI +3% over rolling 3-year period
  • Fund management  
Adriaan Pask

  • Fund manager's comment

PSG Advance Wealth Preserver FoF Comment- Jun 08

2008/08/22 00:00:00
We recently took a closer look at the performance of the 68 funds with a full year track record in the Targeted/Absolute return sector. This is the same sector in which the PSG Advance Wealth Preserver is listed. Of these 68 funds only two managed to generate a return in excess of CPIX + 0%. Both these funds have CPIX + 6% benchmarks. Only one fund managed to beat this benchmark, although at the 3rd highest standard deviation in the sector. Further, 30% of the 68funds were negative for the year to 30 June 2008, i.e. did not fully preserve capital. 33% of the 68 funds generated a return of between 0% - 4%.
The aim of the PSG Advance Wealth Preserver is to reach the benchmark of CPIX + 3% over any rolling 3 year period and show a positive return over any rolling 1 y ear period (both after fees). The fund is currently 1.12% positive for the last 12 months to 30 June 2008, despite strong downside in the equity market. The fund is 0.05% short of CPIX + 3% over the 3 y ear period to 30 June 2008.
  • Fund focus and objective  
The primary objective of the portfolio is to achieve medium to longer term capital growth within an acceptable level of volatility during any market cycle. Investments to be included in the PSG KONSULT PRESERVER FUND OF FUNDS, will apart from cash and assets in liquid form, mainly consist of participatory interest in collective investments schemes, whether listed or not which follow an absolute return strategy. The Trustees shall ensure that the investment policy set out in the preceding clauses are adhered to; provided that nothing in this clause precludes the Manager from varying the proportions of securities in terms of changing economic factors or market conditions or from retaining cash in the portfolio and/or placing cash on deposit. The Manager will be permitted to invest on behalf of the PSG Advance Wealth Preserver Fund of Funds in offshore investments as legislation permits. For the purpose of this portfolio, the 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 the portfolio has been closed, open that portfolio again to new investors on a date determined by the Manager. The portfolio will be managed according to prudential investment guidelines of Regulation 28 of the Pension Funds Act, which govern the management of pension and provident funds.

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