0860 378 466
info@psgonline.co.za
08h00 - 17h00 Mon - Fri

Investec Opportunity Fund (B3)

South African - Multi Asset - High Equity
Code:INOCD
Inception:03 Sep 2000

Latest Price : 27 Nov 2014 R 9.20
12mth Sector Rank47 / 53
12mth Overall Rank278 / 398
12mth Volatility vs Sector Average0.87
Equinox Buy FeesWholesale0.000%
Management Company Annual Fees:***2.34%
PSG Annual Admin and Platform Fee[details]
TER Ratio4.71%
TER Performance2.18%
TER Date30 Sep 2013
Latest Total AssetsR 37,105.8m
Assets at end September 2014R 37,330.1m
Previous QuarterR 37,827.6m
Move- R 497.5m
Income Declaration and Payment
DeclarationTwice a year: End of March and end of September
PaymentWithin 5 business days
Performance to 27 Nov 2014 ++
InvestedPriceIncomeTotal
3 months1.06%- -1.06%
6 months2.02%- -2.02%
1 year8.33%- -8.33%
3 years39.66%0.52%40.18%
5 years68.57%1.26%69.83%
Price History
Fees include VAT.
* Published Retail Buy Fee is always the highest fee charged by the Management company.
*** Management Company Annual Fees are automatically worked into price and distributions paid. ++Price performances are based on historical price data, using a NAV price by NAV price comparison and exclude Equinox fees and management company initial fees. Income performances are based on interest and dividend distributions of the fund.
Fund Manager
Photo
Clyde Rossouw
Fund Overview

Objectives: The fund manager aims to achieve total returns in excess of inflation on a consistent basis. The fund manager uses stock picking in the equity portion to further enhance performance.

Benchmark: CPIX + 6% (net of fees) measured over 3 to 5 years.

Universe:Regulation 28 of the Pension Fund Act currently limits equity exposure to 75% of the fund (90% including listed property).

Fund strategy/ rationale: The fund has an equity-centric focus that aims to generate inflation beating total returns over a three year rolling period at a lower level of volatility than most managed funds. The fund has a performance fee, calculated as follows: 20% over CPI +2% capped at 4%

Performance fee: 0.95% + Performance fee. The fund managers shares in the fund performance above the fee hurdle of Headline CPI +2%. If the fund performs in line with this hurdle then the Class A and B annual management fee is 0.95%.

Please note that PSG Online clients should invest in the A class of this fund

 
Top Holdings at end September 2014
Holding% of Fund
INTL EQU UNIT TRUST18.14%
ZAR Cash13.04%
BATS5.45%
SASOL4.95%
INTL EQUITY4.56%
INTL CASH4.27%
STEINHOFF4.11%
ASSORE2.53%
NEWGOLD2.42%
RICHEMONT2.37%
Total % 61.84%
Asset Allocation at end September 2014
Top Holdings at end June 2014
Holding% of Fund
INTL EQU UNIT TRUST17.13%
ZAR Cash11.32%
SASOL5.51%
BATS5.36%
STEINHOFF5.13%
INTL EQUITY4.35%
ASSORE4.15%
INTL CASH3.97%
RICHEMONT2.83%
NEWGOLD2.45%
Total % 62.20%
Top Holdings at end March 2014
Holding% of Fund
INTL EQU UNIT TRUST16.64%
ZAR Cash12.17%
SASOL5.32%
BATS5.14%
ASSORE4.91%
STEINHOFF4.57%
INTL EQUITY4.40%
INTL CASH4.35%
NEWGOLD2.46%
MTN GROUP2.28%
Total % 62.24%
 

 

Bookmark and Share
PSG Online Solutions (Pty) Ltd is an authorised Financial Service Provider FSP No. 42524

All investments, including unit trusts, carry risk. The value of your investments can go down as well as up. Information and opinion provided on this website is of a general nature. It does not take into account any person's specific circumstances. It is not intended to provide personalised financial advice, and should not be construed as such.

Contact us by email at info@psgonline.co.za or phone 0860 378 466.

Copyright PSG Online 2012 | All Rights Reserved