Profile's FundsDataOnline
Google
 
Quick Fund Switch
E-mail     Print
Coronation Global Emerging Markets Flexible [ZAR] Fund Summary Fact Sheet
Global--Multi Asset--Flexible

 
Technical Overview
Formation Date: 28 Dec 2007
Holdings: 54
Original Price: 96
Pricing System: Forward
 
Price (A - Class)
 
Management
Gavin Joubert, BBusSc; CA (SA); CFA
Head of Coronation's Emerging Markets team, Gavin has 15 years' experience as an investment analyst and portfolio manager. He has managed a range of South African equity and balanced funds and currently co-manages Coronation's Emerging Markets Fund. Prior to joining Coronation in 1999, Gavin qualified as a chartered accountant with Ernst & Young and worked for Merrill Lynch and CSFB in London.
 
Suhail Suleman, BBusSc; CFA
Suhail joined Coronation's Emerging Markets team in 2007 as a research analyst and has 10 years' investment experience. He was formerly with Futuregrowth Asset Management where he was a portfolio manager within the fixed interest team specialising in structured credit and developmental equity investment funds. Prior to this he was a research analyst at Oasis Asset Management.
 
Ranking
Sector: Global-Multi Asset-Flexible
Fund Size: R3 208 480 261 (as at 31 Mar 2017)
Sector Rank: 2 out of 24
(lump sum over 1 years to 30 Jun 2017)
Overall Rank: 61 out of 1151
(lump sum over 1 years to 30 Jun 2017)
R1000 invested on 30 Jun 2016 was worth R1 090.93 on 30 Jun 2017 (9.09% annual compound return)
R100 per month since 30 Jun 2016 was worth R1 273.86 on 30 Jun 2017 (10.99% 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 investment objective of the portfolio is long-term capital appreciation, achieved with lower long-term volatility than available from investing in relevant equity market indices.

In order to achieve this objective, the portfolio will primarily invest in equity securities of companies based in developing countries or in equity securities of any other company regardless of where it is based, if the manager determines that a significant portion of the company's assets or revenues (generally 20% or more) is attributable to developing countries. In addition, the portfolio may invest in non-equity securities of similar corporate and government issuers. The portfolio may also hold other non-equity securities, assets in liquid form and appropriate financial instruments.

The portfolio will, under normal market conditions, maintain an equity bias, but no limits are placed on the asset class composition of its portfolio.

The limit on offshore investments will be in accordance with the requirements for foreign portfolios as per the ACI Code of Practice for Fund Classification.

In determining whether a country is an appropriate developing market for inclusion in the investment universe of the portfolio, the manager will consider such factors as the country's per capita gross domestic product, the percentage of the country's economy that is industrialised, market capital as a percentage of gross domestic product, the overall regulatory environment, the presence of government regulation limiting or banning foreign ownership, and restrictions on repatriation of initial capital, dividends, interest and/or capital gains. Developing countries in which the portfolio may invest currently include, but are not limited to, Argentina, Brazil, Chile, China, Colombia, Croatia, Czech Republic, Egypt, Hungary, India, Indonesia, Israel, Jordan, South-Korea, Malaysia, Mexico, Morocco, Pakistan, Peru, Philippines, Poland, Russia, South Africa, Taiwan, Thailand and Turkey.

The portfolio will be actively managed and relies on the professional judgment of the investment manager to make decisions about the portfolio's investments, both in terms of stock selection and asset allocation. The basic equity investment philosophy of the manager is to seek to invest in attractively valued companies that, in its opinion, represent above-average long-term investment opportunities. The manager believes that an important way to accomplish this is through fundamental analysis, which may include meeting with company executives and employees, suppliers, customers and competitors. Securities may be sold when the manager believes that they no longer represent relatively attractive investment opportunities in the light of the investment objective of the portfolio.

The manager will be permitted to invest on behalf of the portfolio in offshore investments as legislation permits.

Investments are not restricted to South Africa, but non-equity securities in the currency of a country, other than South Africa, may only be included in this portfolio if it complies with the Registrar's conditions and limits for inclusion of non-equity securities in a portfolio.

The portfolio may also include participatory interests or any other form of participation in portfolios of collective investment schemes or other similar schemes. Where the aforementioned schemes are operated in territories other than South Africa, participatory interests or any other form of participation in these schemes will be included in the portfolio only where the regulatory environment is to the satisfaction of the manager and trustee of a sufficient standard to provide investor protection at least equivalent to that in South Africa.

Nothing in this supplemental deed shall preclude the manager from varying the ratios of securities, to maximise capital growth and investment potential in a changing economic environment or market conditions or to meet the requirements, if applicable, of any exchange in terms of legislation and from retaining cash or placing cash on deposit in terms of the deed and this supplemental deed; provided that the manager shall ensure that the aggregate value of the assets comprising the portfolio shall consist of securities and assets in liquid form of the aggregate value required from time to time by the Act.

For the purposes of the portfolio the manager shall reserve the right to close the portfolio to new investors. This will be done in order to be able to manage the portfolio in accordance with its mandate. This critical size shall be determined from time to time by the manager.
 
Latest Fund Manager Comment / News
Glbl Emerging Markets Flex [ZAR] comment - Mar 17
The Coronation Global Emerging Markets Fund returned 9.8% in the first quarter of 2017,  ...more
 
News Archive
Click here for complete news archive for this fund.
 
Top Holdings on 31 Mar 2017
Share No Units Value (Rm) % of Fund
NASPERS-N 101 320 234.56 7.31%
KROTONEDUCA 3 141 809 175.83 5.48%
BAIDUCOM 64 370 148.34 4.62%
JINGDONG 353 547 148.14 4.62%
MAGNITOJSC 243 902 124.91 3.89%
Totals   831.78 25.92%
 
Comparative Performance
 
Portfolio Structure as at 31 Mar 2017
Click here for complete portfolio for this fund.
 
Dividend Data
Click here for Dividend History for this fund.
 
Fees and Charges
Click here for fees and charges for this fund.
 
Sectoral Information
Click here for Sectoral Information for this fund.
 


Follow us on:


Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
Other Profile Group sites: ShareData Online (stock market data) | Profile's Financial Markets | Profile Group corporate site
Terms of Use |  Privacy Policy |  PAIA manual |  Site Map |  Powered by ProfileData |  © Copyright Reserved 2017  ]
   Disclaimer: Profile Media (Pty) Ltd has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information. © Copyright Reserved 2017