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-26.71  /  -0.89%


NAV on 2021/09/22
NAV on 2021/09/21 3015.86
52 week high on 2021/08/20 3121.01
52 week low on 2020/11/03 2471.08
Total Expense Ratio on 2021/06/30 1.21
Total Expense Ratio (performance fee) on 2021/06/30 0
Incl Dividends
1 month change -3.71% -3.71%
3 month change 4.88% 4.88%
6 month change 9.19% 9.19%
1 year change 15.55% 15.55%
5 year change 15% 15%
10 year change 0% 0%
Price data is updated once a day.
Click and drag to zoom in on timeline.
  • Sectoral allocations
Liquid Assets 15.55 0.18%
Offshore 8768.11 99.82%
  • Top five holdings
O-SWRLDEQ 8715.23 99.22%
  • Performance against peers
  • Fund data  
Management company:
Satrix Managers (Pty) Ltd.
Formation date:
ISIN code:
Short name:
MSCI World Equity Index (Developed Markets)



  • Fund management  
Johann Hugo
Johann has 24 years investment experience of which 14 years was spent as an equity analyst. The last 10 years were spent as a portfolio manager.He was one of the founder members of the large cap team and played a role in designing the large cap investment process.He is currently a member of the equity selection group at Sanlam Investment Management.
Satrix Investment Team

  • Fund manager's comment

Satrix MSCI World Equity Index Feeder Fund - Dec 1

2020/03/02 00:00:00
All major regions and sectors around the globe posted positive returns in the final quarter of the year: MSCI World (+8.5%), MSCI Emerging Markets (EM) (+11.8%) and MSCI SA (+13.1%), in US dollar. The year 2019 was one of the strongest years on record for global equities with the MSCI World Index up 27.6% for the year. The MSCI EM Index (+18.4%), although positive for the year, lagged significantly.
Global equities rallied behind signs of stabilising global growth and moderation in trade tensions between the US and China, who in December announced that ‘Phase 1’ of an agreement had been reached. In the UK, following the Conservative Party’s win in the general election, Prime Minister Johnson’s Brexit policy is set to take centre stage in 2020. The Withdrawal Agreement is likely to be passed, allowing the UK to leave the European Union on 31 January 2020 with a pledge by the prime minister to not prolong the transition period beyond the end of 2020.
Bond yields in developed markets rose steadily during the quarter with the benchmark US 10-year bond yield rising from 1.66% to 1.92% while the yields on the German 10-year bond became less negative, rising from -0.57% to -0.19%. Commodities were generally higher at the end of the quarter. Brent crude rose 11.5% to US$66.4/bbl, after a deepening of the OPEC/OPEC+ production deal. Gold was slightly higher (+2.6%), closing at US$1 517/oz and palladium gained 10.1% to end at US$1 946/oz. Base metals also gained with copper up 8.6%.
  • Fund focus and objective  
The objective of the Satrix MSCI World Equity Index Feeder Fund is to provide an investment vehicle for investors wishing to track the movement of the MSCI World Equity Index (Developed Markets) by investing in securities of global companies which are primarily constituents of the MSCI World Equity Index (Developed Markets).
The portfolio will apart from assets in liquid form, invest in participatory interests of the Sanlam World Equity Tracker Fund established under the Sanlam Universal Funds PLC approved by the Irish Regulator in August 2011. The Sanlam World Equity Tracker Fund will employ replication, sampling and optimisation techniques and, subject to the limits and within the conditions laid down by the Central Bank of Ireland, may use financial derivative instruments for efficient portfolio management purposes to track the performance of the MSCI World Equity Index (Developed Markets), rather than attempting to hold all of the securities in the MSCI World Equity Index (DevelopedMarkets). The Sanlam World Equity Tracker Fund may also invest indirectly in such securities through quoted investment vehicles, such as Exchange Traded Funds, and holdings in UCITS funds domiciled in a Member State and other open-ended collective investment schemes that satisfy the requirements of the Central Bank of Ireland.

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