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SIM Financial Fund Summary Fact Sheet
South African--Equity--Financial
 
Technical Overview
Formation Date: 1 Aug 2000
Holdings: 20
Original Price: 1000
Pricing System: Forward
 
Price (A - Class)
 
Management
Patrice Rassou, BSc (Econ), MSc (Econ) LSE, MBA, CA (UK)
  • Started investment career in 1999
  • Is an experienced equity analyst having spent time analysing both financial and resources companies
  • Joined SIM in 2006
  • Currently his responsibilities include managing equity pension funds and analysing banking stocks
 
Ranking
Sector: South African-Equity-Financial
Fund Size: R207 114 704 (as at 30 Sep 2019)
Sector Rank: 1 out of 5
(lump sum over 1 years to 31 Dec 2019)
Overall Rank: 1217 out of 1271
(lump sum over 1 years to 31 Dec 2019)
R1000 invested on 31 Dec 2018 was worth R1 003.67 on 31 Dec 2019 (0.37% annual compound return)
R100 per month since 31 Dec 2018 was worth R1 182.38 on 31 Dec 2019 (-2.73% 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
This is a specialist fund that offers investors an opportunity of investing in the financial services industry. The fund aims to achieve superior returns over the medium to long-term through well researched superior stock selection.

The fund is suitable for clients requiring greater exposure to financial shares as part of a balanced portfolio.

Why Choose This Fund?
  • An investment in this type of fund is indicated when markets are strong, interest rates are stable or declining, and the rand shows some signs of weakness. This fund is currently suitable for use as one of the satellite funds if the investor intends following a core/satellite approach.
  • International exposure adds diversity and higher growth potential.
  • Banks earnings set to benefit from strong advances growth and lower bad debts (attributable to low interest rate environment).
  • Life assurance earnings set to benefit from improved investment markets.
  • Valuation levels attractive on a longer term view.

Additional Fund Information
  • The fund manager may borrow up to 10% of the market value of the portfolio to bridge insufficient liquidity.
  • Fluctuations or movements in exchange rates may cause the value of underlying international investments to go up or down.
  • This fund is also available via certain LISPs (Linked Investment Services Providers), who levy their own fees.
  • Total Expense Ratio (TER): This fund (retail class) has a TER of 1.70%. For the period from 1 January 2007 to 31 March 2007 1.70% of the average net asset value of the portfolio were incurred as charges, levies and fees related to the management of the portfolio. The ratio does not include the cost of acquiring assets. A higher TER does not necessarily imply a poor return, nor does a low TER imply a good return. The current TER can not be regarded as an indication of future TERs.
 
Latest Fund Manager Comment / News
SIM Financial comment - Mar 16
Market review
This quarter saw a sharp rebound of the JSE, with a total return of 6%  ...more
 
News Archive
Click here for complete news archive for this fund.
 
Top Holdings on 30 Sep 2019
Share No Units Value (Rm) % of Fund
STANBANK 128 808 22.50 10.86%
U-SIMGBFI 680 175 21.85 10.55%
ABSA 122 522 18.73 9.04%
OMUTUAL 907 643 17.54 8.47%
SANLAM 231 481 17.26 8.34%
Totals   97.89 47.26%
 
Comparative Performance
 
Portfolio Structure as at 30 Sep 2019
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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