Our team applies rigorous cash flow management and re-balancing techniques to minimise transaction costs and keep the fund’s performance in line with the benchmark. Low risk enhancement strategies are frequently used to add incremental returns with a view to somewhat offsetting the management fee. Strict cash management allows the fund to track the FTSE/JSE Top 40 Index with a minimum tracking error as well as to ensure the maximum practical exposure to the index at all times.
Who should invest?
This fund is suitable for investors who are seeking to own the JSE/FTSE Top 40’s entire stock selection at a low cost, and who seek long-term capital growth with no short-term income requirements. Investors would be able to withstand short-term market fluctuations in pursuit of maximum capital growth over the long term.
Performance to 31 December 2018
*FTSE/JSE Top 40 Index. Performance is based on a lump sum investment using Class R Net Asset Value (NAV) prices with income distributions reinvested. Performance figures are quoted after the deduction of all costs incurred within the fund. Source: Morningstar
Minimum investment and fees (excl. VAT)
Lump sum: R5 000 and/or monthly debit order of R500
Initial fee: 0.00%
Financial adviser fee (maximum): 0.00%
Ongoing advice fee (maximum): 0.25% per annum
Management fee: 0.50% per annum