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 2015, 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 1, 2015
Fund level movements from January 1 2015 to March 31 2015.
Launched Funds: Funds in this table were launched in the 1st quarter of the year.
Merged Funds: Funds in this table merged from an old fund into another fund in 1st quarter of the year.
|Fund Legal Name||ISIN1||Merged into||ISIN2|
|Grindrod RAFI® Enhanced SA Strategy Fund||ZAE000163796||Grindrod Equity Income Growth||ZAE000180071|
|Select Manager MET Equity Fund of Funds||ZAE000071908||Select Manager MET Flexible Equity A||ZAE000131306|
Liquidated/Dead Funds: Funds in this table liquidated in the fund in 4th quarter of the year and have ceased operations. Investors are no longer invested in these funds.
|Fund Legal Name||ISIN1|
|Efficient BCI Prudential Low Fund of Funds||ZAE000143129|
|Lloyds Money Fund||GB0005222582|
|Lloyds Money Fund AUD||GB0005225593|
|Lloyds Money Fund EURO||GB0004453337|
|Lloyds Money Fund NZD||GB0005225601|
|Melville Douglas Income Fund Limited Euro Income Class||JE00B4ZDVX10|
|Plexus RAFI® Enhanced Global Strategy Fund||GG00B3PY1591|
|Prescient Optimised Growth Fund of Funds||ZAE000158176|
|Sygnia Alpha Plus Fund||ZAE000176277|
|Verso Global Flexible Fund||IE00B8JGD490|
Name changes: Funds that have changed their respective legal name in 1st quarter of the year.
|Old Legal Name||New Legal Name|
|Centaur MET Balanced Fund||Centaur BCI Balanced Fund|
|Centaur MET Flexible Fund||Centaur BCI Flexible Fund|
|Grindrod Global Property Income Fund||Grindrod Global Property Income Feeder Fund|
|Prescient Equity Active Quant Fund||Prescient Equity Fund|
|Saffron MET Opportunity Income Fund||Saffron MET Opportunity Income Fund|
|Sanlam Namibia Low Equity Fund||Sanlam Namibia All Namibian Fund|
1 ISIN code of Fund’s Primary Share Class
2 ISIN code of Merged Fund’s Primary Share Class
Data Source: © 2015 Morningstar | www.morningstarsa.com