Page 340 - Profiles's Unit Trusts & Collective Investments - September 2024

UNDERSTANDING UNIT TRUSTS INDEX

UNDERSTANDING UNIT TRUSTS INDEX
UNDERSTANDING UNIT TRUSTS INDEX
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# Bear run ................ 103 Class A fees............... 66
4IR ................... 32 Benchmark Risk ............ 103 Class R fees............... 66
Benchmarks............... 70 Classes (A and R) ............ 65
A Beta Analysis ............. 104 Classification of CISs.......... 135
A and R Classes............. 65 Bidvest ................. 50 Clean Classes .............. 65
ACI ................... 77 Blue Chip ................ 34 Clean Price ............... 55
Blue Quadrant Worldwide Flexible Client Due Diligence (CDD) ....... 94
ASISA .................. 42
Prescient Fund ............. 160 Code for Responsible Investing in
ASISA classification
Board Notice 194 of 2017 ...... 21, 87 South Africa (CRISA) .......... 97
Sectors 2013 ............. 135
Bond Funds Code of Conduct ............ 89
AUT ................... 76
Costs ................. 126 Collectibles ......... 106, 121, 134
Abil .................. 107
Bonds ............... 42, 125 Collective Investment Scheme (CIS) . . . 36
Absolute returns............. 66
Bridging................ 124 Structure ................ 36
Accountable Institution ......... 93
Central Bank ............. 125 Collective Investment Schemes
Accounting and Auditing Organization for Classification ............. 125 Control Act (CISCA) ......... 37, 81
Islamic Financial Institutions (AAOIFI) . 141
Parastatal ............... 124 Collective Investment Schemes
Accumulating Unit Price ........ 123
RSA.................. 125 Control Act of 2002 ........... 35
Accumulating funds ........... 67
Boutique Funds ............. 73 Commercial Paper ........... 124
Accumulation units ........... 67
Broker Commission............... 79
Active Return.............. 108
Tied .................. 91 Commissions .............. 55
Advertising (marketing material) ..... 69
Broker Fees ............... 55 Common stock............. 127
Advice.................. 87
Broker funds............... 57 complaints ............... 91
African Bank (Abil) ........... 107
Brokers ................. 79 Compliance Officers ........... 89
Alexander Forbes Money Market Index Composite benchmark.......... 71
(AFMMI) ................ 146 bubble.................. 26
Buffet, Warren .......... 104, 108 Compound annual growth rate (CAGR) . 66
All Bond index (Albi) .......... 146
Bull Market ............... 26 Compound growth............ 35
All-In Fees................ 57
Bull run .............. 25, 103 Compound interest ........... 35
Alpha ................. 108
Compounding .............. 35
alternative investments ...... 106, 133
C Compulsory charges .......... 59
Analysis
CAGR (compound annual growth rate) . 66 Conduct of Financial Institutions
Quantative .............. 111 (COFI) Act ................ 91
CGT .................. 154
Annual management fees ........ 43 consent ................. 97
CISCA .................. 42
Annual returns.............. 66 Constant Unit Price........... 123
COFI (Conduct of Financial Institutions) . 19
Annual service fees ........... 42 Consumer Price Index (CPI) ...... 148
CPD (Continuing Professional
Annualised Volatility .......... 110
Development) ............ 20, 88 Continuing Professional Development
Arbitrage ............. 134, 156 (CPD) .................. 88
CRISA .................. 98
Argon BCI Flexible Income Fund .... 158 coronavirus crash......... 102, 112
CRISA 2.0 ................ 97
Asset Allocation funds ......... 143 Corporate REIT............. 130
Cadiz BCI Money Market Fund ..... 161
asset class............... 133 Corporate REITs ............ 130
Call deposit .............. 124
Asset Mix ............... 134 Cost
Call option ............... 132
Asset Risk ............... 107 Competitive .............. 48
Camissa Top 40 Tracker Fund ..... 162
Asset Swap ............... 30 Layers ................. 61
Capital Gains Tax (CGT) ....... 44, 50
Asset manager ............. 75 Costs .................. 52
Legislation ............... 47
Association of Investments Costs, Annual Service Fees ....... 57
and Savings SA (ASISA)..... 17, 76, 77 Capital Gains Tax (CGT) - offshore . . . 154 Costs, Initial Fees ............ 55
Capital growth.............. 43
Attribution analysis........... 109 Crash of 1969 ............ 25, 26
Capital guarantee ............ 50
Automated advice ............ 33 Crash of 1987 .............. 28
Capped Fund.............. 136
Crash of 2008 .............. 30
B cash .................. 105
Credit crunch .............. 30
Categories of CISs ........... 136
Balanced................ 135 crypto ................. 106
Cessions ................ 54
Balanced Funds .......... 28, 143 cryptocurrencies ............ 133
Charges
Base Currency.............. 42 Cum dividend .............. 67
Initial .................. 64
Basis Point............... 145 Cumulative returns ......... 66, 70
Charges and Costs ........... 54
Bear Market .............. 103
338 Profile’s Unit Trusts & Collective Investments