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Global IP Opportunity Fund  |  Global-Multi Asset-Flexible
39.3499    +0.0118    (+0.030%)
NAV price (ZAR) Fri 4 Oct 2024 (change prev day)


 
Technical Details  
 

Formation Date (B5)

5 Feb 2014

Fund Size (ZAR)

1 698 391 534

Domicile

South Africa

Reporting Currency

ZAR

JSE Code (B5)

GIOF

ISIN (B5)

ZAE000183935

Pricing

Daily

Number of unitholders

17

ASISA Category

Gbl-Multi Asset-Flexible

Benchmark

85% MSCI World Index and 10% US Cash (Barclays Benchmark Overnight USD Cash Index), 5% Short Term Fixed Interest Composite (STFIND), in rands.

Income Distributions

31/03

Income Payment

02/04

Trustee

Standard Bank Investor Services

Management Company

IP Management Company

Fund Management

Tony Bell

Minimum Investment

R10 000

Minimum Top-Up

-

Minimum Monthly

R500

Risk Rating

High

 
Fund Objective  
 
The GLOBAL IP OPPORTUNITY FUND is a Multi Asset flexible fund, investing primarily in foreign markets. The objective of this portfolio is to achieve capital appreciation over the medium to long term. There will be no limitations on the relative exposure of the portfolio to any asset class.
 
Management  
 
Tony Bell (BCom (Hons), MBA)
Tony manages our range of target return, absolute return and managed equity product offerings. He has over 24 years investment experience and was previously the chief investment officer of Syfrets and Nedcor Investment Bank Asset Management (NIBAM). Tony joined the company in 2000 as head of business development, returning to his fund management roots in October 2008. After assuming responsibility for the target return funds, Tony worked with Fernando Durrell to develop a sophisticated asset allocation framework that is able to adjust to a range of different macro environments. This process, together with active stock and bond selection has had a marked impact on the performance of Vunani Fund Managers’ suite of target return funds. Tony has, in addition, worked with Fernando in developing the absolute return offering. Tony holds a Masters degree from the University of Stellenbosch. His thesis explored determinants of the price formation process of equities.
 
Fees and Costs - Class B5
 
Initial Fee0.00%
Advisor Initial Feen/a
Annual Management Fee1.09%
Performance Fee
20% outperformance of portfolio benchmark on a high water mark basis over a rolling 12 month period, capped at 0.55% plus VAT. If the fund underperforms the Fee Hurdle, then no fee is accrued until the high water mark is again reached.
Advisor Annual Feen/a
Trailer Fee-
Exit Fee-
TER (30/06)1.55%
TER Performance Fee0.38%
Transaction Costs Ratio0.05%
Total TER1.60%
 
Distribution - Class B5
DeclaredPayAmountClassCurrency
31 Mar 20243 Apr 20249.755B5ZARc
31 Mar 20234 Apr 202312.702B5ZARc
31 Mar 20224 Apr 20220.000B5ZARc
31 Mar 20216 Apr 20210.000B5ZARc
31 Mar 20202 Apr 20200.000B5ZARc
31 Mar 20192 Apr 20190.000B5ZARc
31 Mar 20184 Apr 20180.000B5ZARc
31 Mar 20152 Apr 20152.510B5ZARc
31 Mar 20142 Apr 20141.100B5ZARc
 
Statutory Data
 
Management CompanyIP Management Company
Registration Number2007/017601/07
DirectorsS Buthelezi (Chairman)
TrusteeStandard Bank Investor Services
AuditorsPKF
Sponsors-
Advisors-
Physical Address1st Floor, Mariendhal House, Newlands on Main Main Road, Newlands Cape Town 7700
Postal AddressPO Box 23271 Cape Town 8000
Telephone021-673-1340
Tollfree-
Fax086-557-4848
Emailclientservices@ipmc.co.za
Website-