Page 340 - Profile's Unit Trusts & Collective Investments - March 2025

UNDERSTANDING UNIT TRUSTS INDEX

UNDERSTANDING UNIT TRUSTS INDEX
UNDERSTANDING UNIT TRUSTS INDEX
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# Bear Market .............. 103 Classes (A and R) ............ 65
4IR ................... 32 Bear run ................ 103 Classification of CISs.......... 135
Benchmark Risk ............ 103 Clean Classes .............. 64
A Benchmarks............... 70 Clean Price ............... 55
A and R Classes............. 65 Beta Analysis ............. 104 Clean Pricing .............. 55
ACI ................... 77 Bidvest ................. 50 Client Due Diligence (CDD) ....... 95
Blue Chip ................ 34 Code for Responsible Investing in South
ASISA .................. 42
Blue Quadrant Worldwide Flexible Africa (CRISA).............. 98
AUT ................... 76
Prescient Fund ............. 159 Code of Conduct ............ 89
Abil .................. 107
Board Notice 194 of 2017 ...... 21, 87 Collectibles............... 121
Absolute returns............. 66
Bond Funds Collective Investment Scheme (CIS) . . . 36
Accountable Institution ......... 93
Costs ................. 126 Structure ................ 36
Accounting and Auditing Organization for
Islamic Financial Institutions (AAOIFI) . 141 Bonds ............... 42, 125 Collective Investment Schemes
Bridging................ 124 Control Act (CISCA) ......... 37, 81
Accumulating Unit Price ........ 123
Central Bank ............. 125 collectibles ............ 106, 134
Accumulating funds ........... 66
Classification ............. 125 Collective Investment Schemes
Accumulation units ........... 66
Parastatal ............... 124 Control Act of 2002 ........... 35
Active Return.............. 108
RSA.................. 125 Commercial Paper ........... 124
Advertising (marketing material) ..... 68
Boutique Funds ............. 73 Commission............... 79
Advice.................. 87
Broker Common stock............. 127
Advice Fees ............... 55
Tied .................. 91 complaints ............... 91
African Bank (Abil) ........... 107
Broker funds............... 57 Compliance Officers ........... 89
Alexander Forbes Money Market Index Composite benchmark.......... 70
(AFMMI) ................ 146 Brokers ................. 79
bubble.................. 26 Compound annual growth rate (CAGR) . 66
All Bond index (Albi) .......... 146
Buffet, Warren .......... 104, 108 Compound growth............ 35
All-In Fees................ 57
Bull Market ............... 26 Compound interest ........... 35
Alpha ................. 108
Bull run .............. 25, 103 Compounding .............. 35
alternative investments ...... 106, 133
Compulsory charges .......... 59
Analysis
C Conduct of Financial Institutions
Quantative .............. 111 (COFI) Act ................ 91
CAGR
Annual management fees ........ 43
(compound annual growth rate) . . . 69, 66 consent ................. 97
Annual returns.............. 66
CGT .................. 154 Constant Unit Price........... 123
Annual service fee ............ 42
CISCA .................. 42 Consumer Price Index ......... 148
Annualised Volatility .......... 110
COFI (Conduct of Financial Institutions) . 19 CPI .................. 148
Arbitrage ............. 134, 156
CPD (Continuing Professional Continuing Professional
Asset Allocation funds ......... 143 Development) ............ 20, 88 Development (CPD) ........... 88
asset class............... 133 CRISA .................. 99 coronavirus crash......... 102, 113
Asset Mix ............... 134 CRISA 2.0 ................ 98 Corporate REIT............. 130
Asset Risk ............... 107 Call deposit .............. 124 Corporate REITs ............ 130
Asset Swap ............... 30 Call option ............... 132 Cost
Asset manager ............. 75 Capital Gains Tax (CGT) ..... 44, 47, 50 Competitive .............. 48
Association of Investments and Capital Gains Tax (CGT) - offshore . . . 154 Layers ................. 61
Savings SA (ASISA) ....... 17, 76, 77 Costs .................. 52
Capital growth.............. 43
Attribution analysis........... 109 Annual Service Fees .......... 57
Capital guarantee ............ 50
Automated advice ............ 33 Initial Fees ............... 55
Capped Fund.............. 136
B cash .................. 105 Crash of 1969 ............ 25, 26
Categories of CISs ........... 136 Crash of 1987 .............. 28
BCI Fairtree Global Income Plus Crash of 2008 .............. 30
Feeder Fund .............. 157 Cessions ................ 54
Charges Credit crunch .............. 30
BHI Trust ................ 81
Initial .................. 64 crypto ................. 106
Balanced................ 135
Charges and Costs ........... 54 cryptocurrencies ............ 133
Balanced Funds .......... 28, 143
Class A fees............... 65 Cum dividend .............. 67
Base Currency.............. 42
Class R fees............... 65 Cumulative returns ......... 66, 69
Basis Point............... 145
338 Profile’s Unit Trusts & Collective Investments