STANLIB Index comment - Sep 04 - Fund Manager Comment09 Nov 2004
The STANLIB Index Fund is a passively managed index-tracking fund. The aim is to replicate the performance of the FTSE /JSE All Share Index. The Fund purchases a portfolio of stocks, which should very closely track the performance of the FTSE /JSE All Share Index.
The Fund is aimed at investors who seek exposure to the All Share Index at a reduced cost. The Fund returned 32.2% for the 12 months to 30 September 2004, compared to the benchmark FTSE / JSE All Share Index return of 35.9%. The size of the fund was R 19 million at the quarter end.
STANLIB Index comment - Jun 04 - Fund Manager Comment20 Jul 2004
The STANLIB Index Fund is a passively managed index-tracking fund. The aim is to replicate the performance of the FTSE /JSE All Share Index. The Fund purchases a portfolio of stocks, which should very closely track the performance of the FTSE /JSE All Share Index.
The fund is aimed at investors who seek exposure to the All Share Index at a reduced cost. The fund returned 22.4% for the 12 months to 30 June 2004, compared to the benchmark FTSE / JSE All Share Index return of 24.9%.
The size of the fund was R 16.6 million at the quarter end.
Mandate Universe28 Jun 2004
Mandate Limits28 Jun 2004
STANLIB Index comment - Mar 04 - Fund Manager Comment26 May 2004
The STANLIB Index Fund is a passively managed index-tracking fund. The aim is to replicate the performance of the FTSE/JSE All Share Index. The Fund purchases a portfolio of stocks, which should very closely track the performance of the FTSE/JSE All Share Index.
The Fund is aimed at investors who seek exposure to the All Share Index at a reduced cost. The Fund returned 39.3% for the 12 months to 31 March 2004, compared to the benchmark FTSE/JSE All Share Index return of 43.8%. The 6% held in cash caused the Fund to marginally underperform the benchmark. This cash holding was due to a need for liquidity.
The FTSE/JSE All Share Index changed constituents over the quarter. Shares that were delisted included Pepkor and Avis. New shares that entered the index were Ambit and Emira.
The size of the fund was R 17.4 million at the quarter end.
STANLIB's fund amalgamation - Feb 2004 - Official Announcement26 Feb 2004
Due to the STANLIB amalgamation (27 Feb 2004), the Standard Bank Index Fund will be renamed to the STANLIB Index Fund.
Standard Bank Index comment - Dec 03 - Fund Manager Comment28 Jan 2004
The fund returned 12.6% for the 12 months to 31 December 2003, compared to the benchmark FTSE / JSE All Share index return of 16.1%. The FTSE / JSE All Share index changed constituents over the quarter. Shares that were delisted included Chemserve and Softline. Several new shares entered the index including Altron Preference Shares.
The size of the fund was R17.3m at the quarter end