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Investec Property Equity Fund

Domestic - Real Estate - Flexible Property
Code:PPFA
Inception:01 Jun 2004

Latest Price : 02 Sep 2010 R 2.92
12mth Sector Rank8 / 16
12mth Overall Rank21 / 482
12mth Volatility vs Sector Average1.05
Published Retail Buy Fee*5.70%
Intervest Buy FeesWholesale0.000%
+ Our Fee**0.285%
Management Company Annual Fees:***1.42%
Intervest Annual Fees:[details]
Latest Total AssetsR 2,250.9m
Assets at end March 2010R 2,081.0m
Previous QuarterR 1,966.4m
Move+ R 114.5m
Income Declaration and Payment
DeclarationQuarterly: End of March, June, September and December
PaymentEarly April, July, October and December
Performance to 02 Sep 2010 ++
InvestedPriceIncomeTotal
3 months9.39%1.10%10.50%
6 months10.19%3.63%13.82%
1 year16.71%7.73%24.43%
3 years11.56%23.15%34.71%
5 years76.81%50.09%126.90%
Price History
Fees include VAT. * Published Retail Buy Fee is always the highest fee charged by the Management company. ** Intervest buy fees are subject to a minimum and a maximum. [More Details] *** Management Company Annual Fees are automatically worked into price and distributions paid. [More Details] ++Price performances are based on historical price data, using a NAV price by NAV price comparison and exclude Intervest fees and management company initial fees. Income performances are based on interest and dividend distributions of the fund.
Fund Manager
Photo
Angelique de Rauville
Fund Manager
Vuyani Bekwa
Fund Overview

Objective: The funds objective is to outperform its benchmark and to provide moderate risk long term investors the opportunity for capital growth and income, through exposure to listed property securities.

Benchmark: SA Listed Property Index

Investment Universe: Predominantly domestic listed property and liquid assets.

Fund Strategy: The Provest Property Equity Fund maintains an exclusive focus on interest-income generating South African listed property stocks, specifically Property Unit Trusts (PUTs) and Property Loan Stocks (PLSs). The aim is to achieve superior returns through Provest's indepth research capabilities, and the ability to source lines of stock at attractive prices and to identify value opportunities relative to the sector. The fund is committed to offering investors top quartile, long-term performance, outperforming its benchmark and producing returns that exceed expectations.

 
Top Holdings at end March 2010
Holding% of Fund
REDEFINE30.66%
GROWPNT17.20%
RESILIENT11.43%
CAPITAL9.90%
ACUCAP7.17%
EMIRA4.83%
PANPROP4.82%
PREMIUM4.08%
ZAR Cash2.33%
OCTODEC2.07%
Total % 94.49%
Asset Allocation at end March 2010
Top Holdings at end December 2009
Holding% of Fund
REDEFINE31.92%
GROWPNT21.87%
RESILIENT11.60%
CAPITAL9.36%
ACUCAP7.04%
PREMIUM4.01%
OCTODEC3.01%
ZAR Cash2.91%
EMIRA2.45%
PANPROP2.02%
Total % 96.19%
Top Holdings at end September 2009
Holding% of Fund
REDEFINE33.43%
GROWPNT26.04%
RESILIENT11.60%
CAPITAL7.58%
ZAR Cash6.57%
ACUCAP4.45%
PREMIUM4.23%
OCTODEC3.31%
HOSP-B2.30%
PANPROP0.48%
Total % 99.99%
 

 

Intervest.co.za is a division of EFS Investment Solutions(Pty)Ltd, licensed as a financial services provider by the Financial Services Board of South Africa. Contact us by email at direct@intervest.co.za or phone 0860 22 33 33.

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