| Focus and Objective |
The fund is a feeder fund and as such it invests in the iShares Core MSCI World UCITS ETF. This underlying fund tracks the MSCI World Index and aims to replicate the performance of the index. The MSCI World Index captures large and mid-cap representation across 23 developed markets countries. With over 1600 constituents, the Index covers approximately 85% of the free float - adjusted market capitalisation in each country. The Index is rebalanced quarterly.
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| Management |
| Rademeyer Vermaak, M Eng.(Electronic), CFA |
Rademeyer started his career in 2004 at Liquid Capital Markets in London, UK, where as a quantitative analyst he was responsible for the pricing and risk management of listed derivatives. He progressed to the Quantitative Investment team at Liquid Capital Markets, where he was involved in the research and trading of quantitative investment models. Rademeyer subsequently set up Radian Consulting as a quantitative investment and derivatives risk management consultancy where he consulted on derivatives risk management at Barclays Capital, RBS Sempra Commodities, Lloyds Bank Corporate Markets and Dresdner Kleinwort Investment Bank. More recently, he was a founding partner, Head of Quantitative Research and fund manager of the Mansard CTA quantitative fund at Mansard Capital in London. Upon his return from the UK in 2012, Rademeyer joined Fairtree Capital as quantitative fund manager and risk manager.
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| Ryan Basdeo, BCom, (Taxation), MBA (Wits), Registered Security Trader |
After beginning his career as a financial accountant in the employee benefits industry, Ryan joined STANLIB Asset Management in their Institutional Pricing team in 2008. He got experience in the Offshore Trades Processing team from 2010, before moving on to Alternative Investments as market maker for the ETFs and executing trades for the index-tracking funds, as well as assistance with portfolio management. He was appointed a Portfolio Manager in 2017. Ryan has a BCom in Taxation degree, is a JSE Registered Securities Trader, as well as a Registered Bond Trader and has been awarded a MBA from Wits Business School.
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| Comparative Performance |
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| Technical Overview |
| Formation Date: |
15 Mar 2018 |
| JSE Code: |
ETFWLD |
| Benchmark: |
MSCI World Index |
| Holdings: |
n/a |
| Unit Holders: |
n/a |
| Original Price: |
n/a |
| Pricing System: |
Forward |
| Minimum Lump Sum: |
n/a |
| Minimum Monthly: |
n/a |
| Risk Rating: |
High |
| Fees |
| TER (30 Jun 2023): |
0.40% |
| Perf Fee TER (30 Jun 2023): |
0% |
| Annual: |
0.201% |
| Performance: |
n/a |
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Top Holdings on 30 Sep 2023 |
| Share |
No Units |
Value (Rm) |
% of Fund |
| ISCUCIETF |
206 110 |
316.89 |
100.17% |
| Totals |
|
316.89 |
100.17% |
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Asset Allocation |
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Sectoral Breakdown |
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| 1NVEST MSCI World Index Feeder ETF |
| Price |
 |
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| Performance to 1 Dec 2023 |
| R1 000 Lumpsum (NAV-NAV Incl. Dividends) |
| Period |
Return |
Value(R) |
Inflation(R) |
| 3 Months |
0.96% |
1 009.60 |
1 020.80 |
| 6 Months |
2.55% |
1 025.50 |
1 034.60 |
| 1 Year |
19.28% |
1 192.80 |
1 064.50 |
| 3 Years |
14.03% |
1 482.60 |
1 219.90 |
| 5 Years |
16.73% |
2 167.20 |
1 309.30 |
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| R100 per Month (NAV-NAV Incl. Dividends) |
| Period |
Return |
Value(R) |
Inflation(R) |
| 3 Months |
6.76% |
313.72 |
303.90 |
| 6 Months |
5.33% |
618.95 |
613.27 |
| 1 Year |
16.51% |
1 312.91 |
1 245.44 |
| 3 Years |
13.62% |
4 466.30 |
3 995.64 |
| 5 Years |
14.18% |
8 764.12 |
6 969.45 |
| * Values for periods greater than one year are annualised |
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