Market Watch (2015:Q3)

Summary of fund level launches, closures, mergers and name changes in the industry.

Morningstar 29 December, 2015 | 4:19PM

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.

 

Fund Legal NameISIN1
ZAE000199972
ZAE000206306
ZAE000206280
ZAE000206272
ZAE000206298
ABSA Access BCI Stable Fund ZAE000206264
Amity BCI Global Diversified Fund of Funds ZAE000201745
Capstone BCI Balanced Fund ZAE000204731
Capstone BCI Managed Fund ZAE000204723
Dinamika BCI Worldwide Flexible Fund ZAE000205134
Discovery Global Real Estate Securities Feeder Fund ZAE000207072
Dolberg Spencer BCI Flexible Income Fund ZAE000203071
Emperor IP Global Momentum Equity Fund ZAE000194825
ZAE000205498
Old Mutual Multi-Managers Aggressive Balanced Fund of Funds ZAE000207536
Old Mutual Multi-Managers Maximum Return Fund of Funds ZAE000207510
Optimum BCI Equity Fund ZAE000207775
Quattro Ci Cautious Fund of Funds ZAE000206520
Quattro Ci Growth Fund of Funds ZAE000206587
Quattro Ci Moderate Fund of Funds ZAE000206553
Quattro Ci Worldwide Flexible Fund of Funds ZAE000206611
Sasfin MET Flexible Income Fund ZAE000206397
Satrix Quality Index Fund ZAE000197877
ZAE000197828
ZAE000204806
ZAE000200143
ZAE000205522
ZAE000205514

     

 

 

 

Merged Funds: Funds in this table merged from an old fund into another fund in 3rd quarter of the year.

 

Fund Legal NameISIN Merged intoISIN2
ZAE000054151 Personal Trust Equity Fund ZAE000137725
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 NameISIN1
ZAE000084604
ZAE000197315
ZAE000184172
IE00BBPJP811

 

 

Name changes: Funds in this table have changed their respective legal name in 3rd quarter of the year.

 

Old Legal NameNew Legal Name
Atlantic BCI Real Income ABIL Retention
Atlantic BCI Real Income Fund
Atlantic BCI Stable Income Fund
BlueAlpha BCI Select Equity Fund
Caleo BCI Worldwide Opportunities Fund of Funds
Grindrod Global Managed Growth Feeder Fund
Imalivest MET Balanced Fund
IFM Balanced Value Fund of Funds
IFM Dynamic Fund of Funds
IFM Income Provider Fund of Funds
IFM Technical Fund
Mazi Capital Prime Equity Fund
Mazi Capital Prime Property Fund
Old Mutual Multi-Managers Aggressive Balanced Fund of Funds
Old Mutual Multi-Managers Balanced Fund of Funds
Old Mutual Multi-Managers Cautious Fund of Funds
Old Mutual Multi-Managers Defensive Fund of Funds
Old Mutual Multi-Managers Enhanced Income Fund of Funds
Old Mutual Multi-Managers Equity Fund of Funds
Old Mutual Multi-Managers Maximum Return Fund of Funds
Old Mutual Multi-Managers Money Market Fund
Prescient Equity Top 40 Fund
Sesfikile BCI Property Fund
Naviga BCI Balanced Growth Fund of Funds
Naviga BCI Equity Fund of Funds
Naviga BCI Income Planner Fund of Funds
Naviga BCI SA Equity Fund
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

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