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 3, 2015
Fund level movements from July 1, 2015 2015 to September 30, 2015.
Launched Funds: Funds in this table were launched in the 3rd quarter of the year.
Merged Funds: Funds in this table merged from an old fund into another fund in 3rd quarter of the year.
|Fund Legal Name||ISIN1||Merged into||ISIN2|
|Personal Trust High Yield Growth Fund||ZAE000054151||Personal Trust Equity Fund||ZAE000137725|
|RECM Global Feeder Fund||ZAE000093068||Prescient RECM Global Feeder FundA||ZAE000193165|
Liquidated/Dead Funds: Funds in this table liquidated in the fund in 3rd quarter of the year and have ceased operations. Investors are no longer invested in these funds.
|Fund Legal Name||ISIN1|
|Efficient BCI Money Market Fund||ZAE000084604|
|Mergence Balanced Prescient Fund||ZAE000197315|
|Sanlam African Frontier Markets Feeder Fund||ZAE000184172|
|Sanlam S&P Africa Tracker Fund||IE00BBPJP811|
Name changes: Funds in this table have changed their respective legal name in 3rd quarter of the year.
|Old Legal Name||New Legal Name|
|Atlantic Enhanced Income PSG ABIL Retention||Atlantic BCI Enhanced Income ABIL Retention|
|Atlantic Enhanced Income PSG Fund||Atlantic BCI Enhanced Income Fund|
|Atlantic Real Income PSG ABIL Retention||Atlantic BCI Real Income ABIL Retention|
|Atlantic Real Income PSG Fund||Atlantic BCI Real Income Fund|
|Atlantic Stable Income PSG Fund||Atlantic BCI Stable Income Fund|
|BCI Select Equity Fund||BlueAlpha BCI Select Equity Fund|
|BCI Worldwide Opportunities Fund of Funds||Caleo BCI Worldwide Opportunities Fund of Funds|
|Grindrod Global Income Growth Fund of Funds||Grindrod Global Managed Growth Feeder Fund|
|Imalivest MET Flexible Fund||Imalivest MET Balanced Fund|
|Indequity Balanced Value Fund of Funds||IFM Balanced Value Fund of Funds|
|Indequity Dynamic Fund of Funds||IFM Dynamic Fund of Funds|
|Indequity Income Provider Fund of Funds||IFM Income Provider Fund of Funds|
|Indequity Technical Fund||IFM Technical Fund|
|Mazi Capital MET Equity Fund||Mazi Capital Prime Equity Fund|
|Mazi Capital MET Property Fund||Mazi Capital Prime Property Fund|
|Old Mutual SYmmETRY Aggressive Balanced Fund of Funds||Old Mutual Multi-Managers Aggressive Balanced Fund of Funds|
|Old Mutual SYmmETRY Balanced Fund of Funds||Old Mutual Multi-Managers Balanced Fund of Funds|
|Old Mutual SYmmETRY Cautious Fund of Funds||Old Mutual Multi-Managers Cautious Fund of Funds|
|Old Mutual SYmmETRY Defensive Fund of Funds||Old Mutual Multi-Managers Defensive Fund of Funds|
|Old Mutual SYmmETRY Enhanced Income Fund of Funds||Old Mutual Multi-Managers Enhanced Income Fund of Funds|
|Old Mutual SYmmETRY Equity Fund of Funds||Old Mutual Multi-Managers Equity Fund of Funds|
|Old Mutual SYmmETRY Maximum Return Fund of Funds||Old Mutual Multi-Managers Maximum Return Fund of Funds|
|Old Mutual SYmmETRY Money Market Fund||Old Mutual Multi-Managers Money Market Fund|
|Prescient Equity Quant Fund||Prescient Equity Top 40 Fund|
|Sesfikile SCI Property Fund||Sesfikile BCI Property Fund|
|Verso BCI Balanced Growth Fund of Funds||Naviga BCI Balanced Growth Fund of Funds|
|Verso BCI Equity Fund of Funds||Naviga BCI Equity Fund of Funds|
|Verso BCI Income Planner Fund of Funds||Naviga BCI Income Planner Fund of Funds|
|Verso BCI SA Equity Fund||Naviga BCI SA Equity Fund|
|Verso BCI Secure Growth Fund of Funds||Naviga BCI Secure Growth Fund of Funds|
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