Page 341 - Profile's Unit Trusts & Collective Investments - March 2025

UNDERSTANDING UNIT TRUSTS INDEX

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Currency Risk ............. 104 Exchange Traded Notes (ETNs) .... 156 GN707 of 2020 ............. 88
Custodians ............. 37, 74 Exchange Traded Product (ETP) .... 156 Gary Tannenbaum............ 81
Exit fee................. 129 Genbel.................. 50
D exotics .............. 106, 133 General Code of Conduct (GN706) . . . 89
data subject ............... 96 General Equity ............. 135
F
DFM................. 76, 79 General Equity Portfolio ........ 128
DIVI................ 153, 154 FAIS Fit and Proper Requirements .... 19 General funds ............. 140
DJIA................... 30 FAIS Ombud............... 92 Geographic Risk ............ 105
DWT................... 66 FSR Bill ................. 82 Geographic classes ........... 38
REIT.................. 131 FTSE/JSE All Share index ..... 141, 145 Gilt-edged security ........... 42
Debentures ............ 124, 126 FTSE/JSE Mid Cap index ........ 141 Gilts ............. 42, 125, 135
Debit Orders........... 26, 34, 56 FTSE/JSE Top 40 ........... 141 Global Funds ............ 38, 138
Declaration date ............. 71 Fairtree Flexible Balanced Global Real Estate Funds ........ 148
Deed .................. 37 Prescient Fund ............. 160 Globalisation .............. 29
Denominator .............. 42 Fee hurdle ................ 58 Gold .................. 135
Derivatives ............. 40, 131 Fee structure Gold funds ............... 142
Development Bank 2/20 ................. 150 Good Standing ............. 87
of Southern Africa ........ 124, 125 Feeder Funds.............. 154 Gordon, Donald ............. 24
Disclosures ............... 68 Fees Great Depression ............ 31
Discount instruments.......... 124 Discounted ............... 64 Great Recession............. 30
discrete returns ............. 69 Financial advisory and Intermediary Growth Funds ............. 140
discretionary fund manager ..... 76, 79 Services Act (FAIS) ..... 18, 37, 81, 85
disintermediation ............ 32 Financial Intelligence Centre Act H
(FICA) ................ 81, 92
Distributions............... 44 H4 Worldwide Equity Fund ....... 161
Financial Sector Conduct Authority
Tax ................... 45
(FSCA) ............... 20, 77 Hedge Fund .............. 133
Diversification ............ 28, 39 Hedge fund
Financial Sector Funds ......... 142
Dividend................. 27 Fees .................. 57
Financial Sector Regulation (FSR)
Yield .................. 27 Act of 2017 ............... 77 Hedge funds .............. 148
Dividends Withholding Tax (DWT) ..... Financial Sector Regulation (FSRA) Act . 82 Minimums ............... 47
............. 27, 45, 47, 66, 71
Financial Services Board (FSB) ..... 77 Multi-strategy ............. 152
Domestic................ 135
Financial Services Provider (FSP) .... 18 Quailifed/Restricted .......... 149
Domicile................. 30
Financial Services Provider Qualified ............... 151
Dow Jones Industrial Average Representative (FSPR).......... 86 Retail ................. 151
(DJIA) ............... 30, 153
Financial intermediaries ......... 79 Structure ............... 148
Duration ................ 126
Financial service providers (FSPs) .... 86 Hedging .............. 40, 133
Durr vs Absa Bank............ 80
fine art ................. 133 High Equity Funds ........... 145
Duties of FSPs.............. 88
Fit and Proper Requirements..... 21, 87 High Income .............. 135
E Fitch Ratings .............. 126 High watermark .......... 58, 128
Fixed Interest Funds .......... 139 Hot Tips ................. 84
ESG (integrating material environmental, Fixed deposit.............. 124
social and governance) ......... 98 I
Flexible funds ............. 144
ETF ................... 65
Foreign................. 135 IFA ................... 91
RA .................. 156
Foreign vs Offshore ........... 39 Income ................. 42
ETF Unit Classes ............ 65
Forward contract ............ 131 Income Accrual ............. 65
Effective Annual Cost measure
(EAC) ................ 60, 61 Fourth Industrial Revolution ....... 32 Income Declaration ........... 66
Equities ................. 42 Fund Fees and Platform Fees ...... 63 Income Funds ............. 146
Equity Funds ........ 126, 138, 140 Fund Manager Risk........... 107 Income Tax Act ............. 44
Equity-Based Schemes......... 127 Fund manager Income Tax on REITs ......... 131
Eskom............ 124, 125, 126 Boutique ................ 73 Income declaration date ......... 67
Eskom bonds ............. 125 Fund mandate .............. 75 Income units .............. 66
Ethical Guidelines ............ 82 Funds of Funds (FoFs) ......... 152 Income, reinvestment .......... 71
Ex dividend ............... 67 Futures................. 131 Independent Financial Advisers
(IFAs) ................ 77, 79
Exchange Traded Fund (ETF)...... 155
G Index................ 69, 135
Exchange Traded Funds (ETFs) ..... 50
GIVI .................. 154 Index Funds............ 152, 153
Profile’s Unit Trusts & Collective Investments 339