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RECM Equity Fund Summary Fact Sheet
South African--Equity--General
Technical Overview
Formation Date: 2 Mar 2005
Holdings: 41
Original Price: 1000
Pricing System: Forward
Price (B - Class)
Piet Viljoen, B Com (Hons), CFA
With 25 years industry experience, Piet has become very cynical about the industry & what it stands for. He started out as a lecturer at the University of Pretoria, and then joined the Reserve Bank as an economic analyst. He became a portfolio manager at Allan Gray Investment Counsel in 1991 and in 1995 he moved to Investec Asset Management. Piet founded RE·CM in 2003 and is our Executive Chairman. Piet believes that fund managers should be true professionals, and as stewards of their clients' capital, always act in their best interests. RE·CM's adherence to this philosophy truly sets it apart from its peers in the indutry.
Sector: South African-Equity-General
Fund Size: R137 054 638 (as at 30 Sep 2019)
Sector Rank: 123 out of 135
(lump sum over 1 years to 30 Nov 2019)
Overall Rank: 876 out of 929
(lump sum over 1 years to 30 Nov 2019)
R1000 invested on 30 Nov 2018 was worth R1 007.28 on 30 Nov 2019 (0.73% annual compound return)
R100 per month since 30 Nov 2018 was worth R1 202.24 on 30 Nov 2019 (0.34% annual return compounded monthly)
Please note that domestic fund performance figures are calculated on a NAV-NAV basis including dividends reinvested on the reinvestment date, ETFs are reinvested on the ex-div date.
Focus and Objective
The RECM Equity Fund is an SA Equity Fund and has the flexibility to default to cash when we cannot find value in equities. It aims to generate better returns than the FTSE JSE All Share Index (including income) per year over the long-term with lower than average risk of capital loss and with less volatility than the index. This fund is suited to investors seeking long-term wealth creation through SA equity exposure, and who are comfortable with short-term volatility. The portfolio objective is to seek long-term capital growth with a level of risk acceptable to the more aggressive investor.
Latest Fund Manager Comment / News
Sector Changed
The fund changed sectors from South African--Multi Asset--Flexible to South  ...more
News Archive
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Top Holdings on 30 Sep 2019
Share No Units Value (Rm) % of Fund
U-RECMMM 22 341 848 22.49 16.41%
HCI 78 796 7.64 5.57%
SHFINV-PREF 158 076 6.96 5.08%
MTN GROUP 52 257 4.99 3.64%
SHOPRIT 35 575 4.34 3.17%
Totals   46.41 33.86%
Comparative Performance
Portfolio Structure as at 30 Sep 2019
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Dividend Data
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Fees and Charges
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Sectoral Information
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