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 2, 2015
Fund level movements from March 1 2015 to June 30 2015.
Launched Funds: Funds in this table were launched in the 2nd quarter of the year.
Merged Funds: Funds in this table merged from an old fund into another fund in 2nd quarter of the year.
|Fund Legal Name||ISIN1||Merged into||ISIN2|
|Baobab BCI Aggressive Flexible Fund||ZAE000175584||Baobab BCI Flexible Opportunity C||ZAE000198578|
|Clarus MET Optimal Fund||ZAE000078960||Contego B7 MET Growth Equity A||ZAE000161337|
|Clarus MET Real Income Fund||ZAE000090064||Contego B1 MET Income Plus A||ZAE000161329|
|Sanlam Investment Management Index Fund||ZAE000021432||SIM General Equity R||ZAE000021416|
Liquidated/Dead Funds: Funds in this table liquidated in the fund in 2nd quarter of the year and have ceased operations. Investors are no longer invested in these funds.
|Fund Legal Name||
|IP Balanced Protector Fund||ZAE000138996|
|Prescient Income Saver Fund||ZAE000148953|
|VAM International ex-USA Growth Fund||LU0686488825|
Name changes: Funds that have changed their respective legal name in 2nd quarter of the year.
|Old Legal Name||New Legal Name|
|UAM MET Balanced Fund||UAM BCI Balanced 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