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ABAX Global Equity Prescient Feeder Fund Summary Fact Sheet
Global--Equity--General
 
Technical Overview
Formation Date: 15 Apr 2016
Holdings: n/a
Original Price: n/a
Pricing System: Forward
 
Price (A1 - Class)
 
Management
Steve Minnaar, MSc (Eng), Ph.D (Eng), BComm (Hons)
Steve currently analyses companies in the Telecommunication, Information Technology and Building and Construction Sectors. He is the sector head for the Industrial, Consumer and Technology Sector and manages the Global Technology Unit Trust.
 
Ranking
Sector: Global-Equity-General
Fund Size: R224 347 074 (as at 30 Sep 2017)
Sector Rank: 2 out of 51
(lump sum over 1 years to 31 Oct 2017)
Overall Rank: 3 out of 1184
(lump sum over 1 years to 31 Oct 2017)
R1000 invested on 31 Oct 2016 was worth R1 368.28 on 31 Oct 2017 (36.83% annual compound return)
R100 per month since 31 Oct 2016 was worth R1 466.68 on 31 Oct 2017 (36.60% 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 ABAX Global Equity Prescient Feeder Fund is a feeder fund. The portfolio will, apart from assets in liquid form, consist solely of participatory interests in the approved, ABAX Global Equity Fund ("underlying fund") under the Prescient Global Funds Plc domiciled in Ireland. The investment objective of the underlying fund is to provide investors with medium to long-term capital appreciation and income growth.

The underlying fund will seek to achieve its objective primarily through investing in securities listed on recognised exchanges around the world. These assets will consist of equities, equity related securities, included but not limited to warrants, preference shares, property and ETF's, fixed interest and money market instruments. The manager will select shares that it believes are undervalued and will generate higher future earning and/or dividend growth compared to market expectations. 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 portfolio as permitted in Par 12(f) of Chapter IV of Board Notice 90 of 2014 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 90 of 2014.

Nothing in the supplemental deed shall preclude the underlying funds Investment Manager from varying the ratios of asset allocation and securities, to maximise capital growth and investment potential in changing economic environments or market conditions or to meet the requirements, if applicable, of any exchange formally recognised 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
The ABAX Global Equity Prescient Feeder Fund will apart from assets in liquid form,  ...more
 
News Archive
Click here for complete news archive for this fund.
 
Top Holdings on 30 Sep 2017
Share No Units Value (Rm) % of Fund
ABAXGLOBALEQ 1 301 194 223.75 99.73%
Totals   223.75 99.73%
 
Comparative Performance
 
Portfolio Structure as at 30 Sep 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.
 


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