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IP Global Momentum Equity Fund  |  Global–Equity–General
34.6539    +0.6800    (+2.002%)
NAV price (ZAR) Thu 22 Apr 2021 (change prev day)
 
Technical Details  
 

Formation Date (A)

2 Jul 2015

Fund Size (ZAR)

86 571 859

Domicile

South Africa

Reporting Currency

ZAR

JSE Code (A)

EIGFA

ISIN (A)

ZAE000194825

Pricing

Daily

Number of unitholders

0

ASISA Category

Gbl-Equity-General

Benchmark

Standard & Poor 500 Total Return Index

Income Distributions

31/03

Income Payment

01/04

Trustee

Standard Bank Investor Services

Management Company

IP Management Company

Fund Management

Shaun Krom

Minimum Investment

R10 000

Minimum Top-Up

-

Minimum Monthly

R1 000

Risk Rating

High

 
Fund Objective  
 
The IP GLOBAL MOMENTUM EQUITY FUND is a moderate to high risk, global, equity fund. The objective of this portfolio is to achieve capital appreciation by following a quantitative medium to long term equity strategy investing primarily in foreign markets. The portfolio is constructed using proprietary ranking and weighting methodologies to select momentum, value and blue chip shares.

Investments to be included in the IP GLOBAL MOMENTUM EQUITY FUND will, apart from assets in liquid form, consist of equity securities and financial instruments and may include listed property. Investments will be primarily in foreign markets but there will be no restrictions on the geographic asset allocation.

The...Read more
 
Management  
 
Shaun Krom (BSc Hon (Actuarial Science and Economics))
Shaun holds a B.SC.Hon degree from the University of the Witwatersrand (Actuarial Science and Economics). He is a Fellow of the Institute of Actuaries, Oxford. He has 20 years of experience holding director position in investment banking product solutions & trading, product development and research in asset management.
 
Fees and Costs - Class A  
 
Initial Fee0.00%
Advisor Initial Feen/a
Annual Management Fee1.15%
Performance Fee
20% of annualised performance over a rolling 24-month period, above or below the benchmark
Advisor Annual Feen/a
Trailer Fee-
Exit Fee-
TER (31/12)2.11%
TER Performance Fee0.00%
Transaction Costs Ratio0.31%
Total TER2.42%
 
Distribution - Class A
DeclaredPayAmountClassCurrency
31 Mar 20216 Apr 20210.000AZARc
31 Mar 20202 Apr 20200.000AZARc
31 Mar 20192 Apr 20190.000AZARc
31 Mar 20184 Apr 20180.000AZARc
 
Statutory Data  
 
Management CompanyIP Management Company
Registration Number1990/003222/07
DirectorsS Buthelezi (Chairman)
TrusteeStandard Bank Investor Services
AuditorsPKF
Sponsors-
Advisors-
Physical Address1st Floor, Mariendhal House, Newlands on Main Main Road, Newlands Cape Town 7700
Postal AddressPO Box 23271 Cape Town 8000
Telephone021-673-1340
Tollfree-
Fax086-557-4848
Emailclientservices@ipmc.co.za
Website-
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EIGFA22 Apr34.65+0.68+2.00%