STANLIB ALBI (Non-Tr) Index Trckr Comment - Jun 17 - Fund Manager Comment21 Sep 2017
The STANLIB ALBI Index Tracker Fund is a passively managed fund. The aim is to replicate the performance of the JSE ASSA All-Bond Non-TR Clean Price Index ("the Index") as closely as possible. The fund is aimed at investors who seek exposure to the bond market at a reduced cost. This exposure is achieved by holding the index constituents in their index proportions.
The last quarter saw the inclusion of the Eskom Holding Ltd bond with maturity of 12+ years to the index in place of the Development Bank of SA’s bond with maturity of 7-12 years. There were also a number of weight changes to various constituent bonds. The fund was repositioned for all these changes.
Looking ahead
We continue to maintain a tight tracking error to the index whilst keeping track of and adjusting for index reweightings and reconstitutions as and when they happen.
Mandate Overview20 Mar 2017
The objective of the portfolio is to track the performance of the JSE ASSA All-Bond Non-TR Clean
Price Index as closely as possible, by replicating the constituents of the index in the portfolio. The portfolio will invest in all bonds that are represented in the JSE ASSA All-Bond Non-TR Clean Price Index. The portfolio may hold cash investments as well as bonds. The portfolio will hold the constituent bonds of the JSE ASSA All-Bond Non-TR Clean Price Index in the correct weightings, as far as possible. The portfolio may differ from the index from time to time due to liquidity constraints of the underlying bonds. The portfolio may also hold listed derivatives from time to time, to effect efficient portfolio management. The portfolio will not invest in off-shore investments.
STANLIB ALBI (Non-Tr) Index Trckr Comment - Dec 16 - Fund Manager Comment20 Mar 2017
The STANLIB ALBI Index Tracker Fund is a passively managed fund. The aim is to replicate the performance of the JSE ASSA All-Bond Non-TR Clean Price Index ("the Index") as closely as possible. The fund is aimed at investors who seek exposure to the bond market at a reduced cost. This exposure is achieved by holding the index constituents in their index proportions.
The last quarter saw the inclusion of the Eskom Holding Ltd bond with maturity of 12+ years to the index in place of the Development Bank of SA’s bond with maturity of 7-12 years. There were also a number of weight changes to various constituent bonds. The fund was repositioned for all these changes.
Looking ahead
We continue to maintain a tight tracking error to the index whilst keeping track of and adjusting for index reweightings and reconstitutions as and when they happen.