Since the first entry of unit trusts vehicles in the financial industry, the number and variety of funds available to investors has evolved and exploded. The industry started with less than 5 funds available for sale in South Africa to investors in the 1960’s; in 2014, funds available for sale have grown to just over a 1200 funds. The growing spectrum of funds tailors to a wide variety of investors with different risk profiles and time horizons. Keeping track of fund launches and closures may be difficult for an average investors.
The information below captures these movements.
Quarter 4, 2014
Fund level movements from October 1 2014 to December 31 2014.
Launched Funds: Funds in this table were launched in the 4th quarter of the year.
|Fund Legal Name||ISIN1|
|BCI Flexible Fund||ZAE000198032|
|Bovest BCI Conservative Fund of Funds||ZAE000196622|
|Bovest BCI Managed Fund of Funds||ZAE000196606|
|Brackenham SCI Managed Fund||ZAE000197927|
|Celtis BCI Managed Fund of Funds||ZAE000194882|
|Dolberg Spencer BCI Equity Fund||ZAE000195244|
|Evolve BCI Conservative Fund||ZAE000195293|
|Rebalance BCI Inflation Plus 3 Fund||ZAE000195210|
|Rebalance BCI Inflation Plus 5 Fund||ZAE000195228|
|Rebalance BCI Inflation Plus 7 Fund||ZAE000195236|
|Rock Capital IP Top 20 Global Fund||ZAE000195525|
|Tantalum BCI Cautious Fund||ZAE000194916|
|Tantalum BCI Strategic Income Fund||ZAE000194890|
|True North IP Enhanced Property Fund||ZAE000195855|
Merged Funds: Funds in this table merged from an old fund into another fund in 4th quarter of the year.
|Fund Legal Name||ISIN1||Merged into||ISIN2|
|Brackenham MET Managed||ZAE000140521||Brackenham SCI Managed||ZAE000197927|
|Catalyst Global Real Estate||GG00B691NB78||Catalyst Global Rel Est UCITS A USD Acc||IE00BQV0ML58|
Liquidated/Dead Funds: Funds in this table liquidated in the fund in 4th quarter of the year and have seized operations. Investors are no longer invested in these funds.
No funds were liquidated at a fund level in the 4th quarter of this year.
Name changes: Funds that have changed their respective legal name in 4th quarter of the year.
|Old Legal Name||New Legal Name|
|Discovery Global Contrarian Equity Feeder Fund||Discovery Global Value Equity Feeder Fund|
|MET Worldwide Opportunities Fund of Funds||BCI Worldwide Opportunities Fund of Funds|
1 ISIN code of Fund’s Primary Share Class
2 ISIN code of Merged Fund’s Primary Share Class
Data Source: © 2014 Morningstar | www.morningstarsa.com