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Prescient China Balanced Feeder Fund Summary Fact Sheet
Regional--Multi Asset--Flexible
 
Technical Overview
Formation Date: 12 Apr 2013
Holdings: n/a
Original Price: n/a
Pricing System: Forward
 
Price (A1 - Class)
 
Management
Liang Du
 
Shaun Hu
 
Ranking
Sector: Regional-Multi Asset-Flexible
Fund Size: R91 397 470 (as at 30 Jun 2018)
Sector Rank: 2 out of 2
(lump sum over 1 years to 30 Sep 2018)
Overall Rank: 1117 out of 1201
(lump sum over 1 years to 30 Sep 2018)
R1000 invested on 30 Sep 2017 was worth R942.63 on 30 Sep 2018 (-5.74% annual compound return)
R100 per month since 30 Sep 2017 was worth R1 168.05 on 30 Sep 2018 (-4.99% 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 Prescient China Balanced Feeder Fund is a feeder fund portfolio. The investment objective of the portfolio is to achieve long term capital growth by investing, apart from assets in liquid form, only in participatory interests of the section 65 approved, Prescient China Balanced Fund ("underlying fund") operating under the Prescient Global Funds PLC Scheme domiciled in Ireland. The underlying fund invests in a diversified spectrum of Chinese equity, bond and money market instruments directly, including Chinese A-shares via Prescient's Qualified Foreign Institutional Investor license (QFII).

The underlying fund will predominantly invest in mainland Chinese equities, bonds, cash and money market instruments. The underlying fund may also invest in global equities, bonds and other interest bearing securities such as certificates of deposit, money market instruments, global currencies and through Regulated Funds which, in the underlying fund's Investment Manager's view, have good risk adjusted pricing characteristics. The underlying fund is permitted to invest in listed and unlisted financial instruments in line with the conditions as determined by legislation from time to time.

The Feeder Fund as permitted in Par 12(f) of Chapter IV of Board Notice 80 of 2012 will be allowed to enter into financial transactions for the exclusive purpose of hedging exchange risks subject to the conditions and limitations as stipulated in Chapter V of Board Notice 80 of 2012.

Nothing in the supplemental deed shall preclude the underlying funds Investment Manager from varying the ratios of asset allocation and securities, to maximize absolute return and investment potential in changing economic environments or market conditions or to meet the requirements, if applicable, of any exchange formally recognized in terms of legislation and from retaining cash or placing cash on deposit in terms of the Deed and any Supplemental Deeds thereto; provided that the manager shall ensure that the aggregate value of the assets comprising the portfolio shall consist of securities of the aggregate value required from time to time by the Act.

The Trustee shall ensure that the investment policy set out in this supplemental deed, the Deed and in all Supplemental Deeds thereto is carried out.

For the purpose of this portfolio, the manager in consultation with the Investment 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 a portfolio has been closed, open that portfolio again to new investors on a date determined by the manager.
 
Latest Fund Manager Comment / News
Prescient China Balanced Feeder - July 17
The Fund's Net Asset Value rose by 3.11% in July, 10.18% YTD, 6.7% over the last twelve  ...more
 
News Archive
Click here for complete news archive for this fund.
 
Top Holdings on 30 Jun 2018
Share No Units Value (Rm) % of Fund
PRESCINTCHINA 4 165 498 90.00 98.47%
U-PRESCMM 1 200 000 1.21 1.32%
Totals   91.20 99.79%
 
Comparative Performance
 
Portfolio Structure as at 30 Jun 2018
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.
 


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