ASISA South African – Equity – General
Launch Date
March 2014
Regulation 28
No
Benchmark
FTSE/JSE All Share Index
Risk Rating
Aggressive
The Fund’s emphasis is on active stock selection and targets a 95% (minimum 90%) investment in South African growth assets.
The mandate is not restricted to any specific investment style. The investment strategy is underpinned by extensive quantitative and qualitative research. Our focus is predominantly on individual stock selection. However, macro-economic considerations such as interest rates and the performance of the South African Rand also play an integral part in constructing the Fund. The Fund’s benchmark is the FTSE/JSE All Share Index (J203).
The Fund aims to provide investors with capital growth over the long term, and to achieve returns in excess of the FTSE/JSE All Share Index (J203), measured over 3 – 5 year periods. The Manager does not make any guarantees concerning the capital or return of the Fund.
INVESTOR PROFILE
The Fund is suitable for investors who:
- have a high risk profile with a long-term investment horizon
- seek full exposure to the South African equity market
- want to preserve the purchasing power of their capital over the long term
REZCO CHART
Rezco Equity Fund
PERFORMANCE
| 1 Year | 3 Years Ann. | 5 Years Ann. | Since Inception Ann. | |
|---|---|---|---|---|
| Rezco Equity A | 11.9 | 12.3 | 10.9 | 8.9 |
| FTSE/JSE All Share | 17.7 | 14.5 | 9.3 | 8.0 |
| ASISA SA Equity General | 11.7 | 13.1 | 6.7 | 5.4 |
| Source: Morningstar as at 30 September 2023 |
|---|
RISK
| SINCE INCEPTION | Std Dev | Sortino Ratio | Max Drawdown | Worst Month | Down Capture Ratio |
|---|---|---|---|---|---|
| Rezco Equity A | 11.3 | 0.4 | -17.0 | -9.2 | 52.5 |
| FTSE/JSE All Share | 14.3 | 0.3 | -21.7 | -12.1 | 100.0 |
| Source: Morningstar as at 30 September 2023 |
|---|
PEERS
ASISA South African General Equity Sector.
BENCHMARK
To provide investors with capital growth over the long-term. The objective is to achieve returns well in excess of the FTSE/JSE All Share index, measured over three to five year periods.
FEES
| Initial Fee | None |
| Management Fee | Direct Investors: 0.65% p.a. ex VAT (Unit Class A) Through Investment Platforms: 0.40% p.a. ex VAT (Unit Class C) Through Investment Platforms: 0.95% p.a. ex VAT (Unit Class C1) |
| Performance Fee | 10% performance fee participation in the out-performance over a rolling one year period, up to a max of 1%. The performance fee is earned when the fund outperforms its Benchmark, which is the JSE All Share Index. (Not applicable to flat-fee classes, such as the Unit Class C1 above.) |
REGULATION 28
This fund is not compliant with Regulation 28 of the Pension Funds Act.
