POWER ON

Africa works on solving its electricty deficit.

POWER ON

Africa works on solving its electricty deficit.

HELPING IMIZAMO YETHU VICTIMS

The DARG Foundation thanks Prescient for monetry, food and clothing donations.

TRUSTEES TO RE-EVALUATE THEIR
INVESTMENT MANDATES.

Medical Scheme trustees should re-evaluate their investment mandates.

MULTI-ASSET INCOME FUNDS

A good alternative to money market funds.

 
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LOCAL FUNDS
FACT SHEETS (MDD'S)




 

Quarterly Reviews

 

 

Unit Trusts

Multi-Asset Funds

Prescient Absolute Balanced Fund

This Fund was launched in July 2003. The Fund invests in money market instruments, capital market instruments, equities, listed real estate and derivatives in South Africa and offshore. Asset allocation is managed actively to enhance return, but also to reduce risk when markets are overvalued. Protection strategies may be included to reduce volatility, but is not a permanent feature in the Fund. In combination, the asset allocation and protection strategies ensure that the portfolio is structured to optimise returns in positive market cycles, while reducing downside in negative markets. The aim of the portfolio is to grow the investors’ capital in real terms over time and is hence benchmarked against inflation. The Fund is Regulation 28 compliant.

Prescient Positive Return QuantPlus Fund

The Fund was launched in April 2004.  The Fund aims to achieve sustainable real returns over time and is benchmarked against inflation.  This is achieved by generating consistent positive returns, while safeguarding the portfolio from downside.  The Fund aims to protect capital over a rolling 12 month basis.  The Fund invests in money market instruments, capital market instruments and equities with an active asset allocation overlay. The equity component of the Fund is always protected to reduce the risk of capital loss.  The portfolio is thus structured to optimise returns in positive market cycles and to protect capital in negative periods.  The Fund is Regulation 28 compliant.

Prescient Income Provider Fund

The Fund was launched in December 2005. The Fund is Regulation 28 compliant and invests in money market, shorter- and longer-term, high-quality capital market instruments, preference shares, property and international investments. A number of techniques are used to generate returns, including taking interest rate views or duration management, yield enhancements via credit instruments and also via the use of derivatives strategies, where these strategies are designed to provide downside protection.  The Fund has no duration limitation. The offshore component exposes the Fund to exchange rate volatility, the exposure as well as the asset selection is managed to limit this volatility.  The Fund aims to outperform CPI + 3% p.a. over the longer term with a risk target of not losing any capital over rolling three month periods.

Prescient Living Planet Fund

The Prescient Living Planet Fund invests in a broad range of asset classes and aims to deliver sustainable long-term capital growth within a framework that integrates environmental sustainability principles in the investment portfolio. The Fund is well diversified, actively managed and complies with Regulation 28 of the Pensions Funds Act.

The objective of the Fund is to deliver sustainable long-term capital growth for its investors within a framework that works towards/desires the protection of the natural environment over the long term. The Fund targets a return of CPI + 4% over rolling five-year periods and volatility is expected to be less than that of a pure equity fund.

Index Funds

Prescient Equity Top 40 Fund

This Fund was launched in July 2003. The Fund is an enhanced equity index fund, aiming to outperform the FTSE/JSE Africa Top 40 index. Returns are enhanced by taking advantage of low risk arbitrage opportunities in the market and other quantitative strategies. Additional benefits are gained from efficient implementation of cashflows, dividend reinvestments, management of corporate actions, use of future discounts and index rebalancing. Tracking error to the index is minimised in the process. The Fund aims to remain fully invested in equities at all times.

Prescient Property Equity Fund

The Fund was launched in May 2007 and is an property index fund where returns are enhanced by taking advantage of low risk arbitrage opportunities in the market. Additional benefits are gained from efficient implementation of cash flows, dividend reinvestments, management of corporate actions and index rebalancing. The Fund aims to remain fully invested in property shares in the FTSE/JSE SA Listed Property Index

Prescient Balanced Fund

The Fund was launched in June 2014. The primary performance objective of the Fund is to grow capital in excess of inflation over the long term.  The Fund will also aim to outperform the average South African balanced unit trust fund over a full market cycle by maintaining significant exposure to growth assets like equities.  Capital depreciation is possible. The Fund is Regulation 28 compliant.

Equity Funds

Prescient Equity Fund

The Fund was launched in November 2006. The Fund uses quantitative techniques (multi-factor model) to build an active equity portfolio which aims to generate superior performance in a structured manner. The equity selection is done purely quantitatively on a bottom-up basis. The selection process targets those shares that offer the best economic value according to a predefined income statement, cashflow statement and balance sheet matrices. To enhance equity selection further, behavioural and other quantitative techniques are used. The quantitative process maintains some positive index type characteristics, such as low turnover and thus lower cost and high liquidity, while generating outperformance versus the benchmark. The benchmark for the fund is the FTSE/JSE Shareholder weighted index (SWIX).

Prescient Equity Income Fund

The Fund was launched in April 2012 and aims to provide an income from dividends that is greater than the FTSE/JSE Africa Shareholder Weighted All Share Index by investing in shares that offer an attractive yield relative to the benchmark.  It further aims to outperform the benchmark over the long term.

Prescient Equity Defender Fund

The Fund was launched in April 2012 and aims to provide equity-like returns over the long term while aiming to have negative drawdowns that are much lower than the equity market over the shorter term by utilising derivative protection overlay strategies.

Interest Bearing Funds

Prescient Bond QuantPlus Fund

The Fund was launched in July 2003.  The Fund invests in money market and high-quality capital market instruments. A number of techniques are used to generate returns, including taking interest rate views or duration management, yield enhancements via credit instruments and derivative risk management strategies, where these strategies are designed to provide downside protection. The Fund is benchmarked against the JSE All Bond Index and duration deviation from the benchmark can be up to 2 years.

Prescient Yield QuantPlus Fund

This Fund was launched in July 2003. The Fund invests in money market and high-quality short-dated capital market instruments. Performance can be generated from taking interest rate views or duration, yield enhancements via credit instruments and also via the use of derivatives. The Fund is structured to minimise the risk of underperforming the benchmark which is the STeFI Call Rate. The average duration of the Fund is limited to 270 days, while the allowed limit on individual instrument maturity is 36 months. The Fund can invest in fixed as well as variable rate paper across the full spectrum of South African money market instruments.

Prescient Money Market Fund

The Fund was launched in October 2009. It invests in money market and high-quality short-dated capital market instruments. Fund performance can be generated from taking interest rate views or duration and yield enhancement via credit instruments. The Fund is structured to minimise the risk of underperforming the benchmark, which is STeFI Call. The average duration of the Fund is limited to 90 days, while the allowed limit on individual instrument maturity is 13 months. The Fund can invest in fixed as well as variable rate paper across the full spectrum of South African money market instruments. The Fund is Regulation 28 compliant.

Tax Efficient Funds

Prescient Optimised Income Fund

The Fund was launched in March 2016 and aims to provide investors with stable returns that exceed the after-tax return of money market funds.  It is managed conservatively and aims to maintain capital stability and liquidity.

Global Funds (Rand Denominated)

Prescient Africa Equity Feeder Fund

The Fund was launched in April 2011 and aims to provide investors with long-term capital growth by investing in the biggest most liquid markets and shares in Africa, excluding South Africa. The investment process selects shares on a bottom-up basis and aims to outperform the benchmark in a structured manner, across all market cycles. As African markets are less efficient there is good potential to generate alpha through a structured process. The Fund targets high quality companies across different sectors with good growth potential such as Financials, Consumer and Telecoms.

Prescient China Balanced Feeder Fund

The Fund was launched in April 2013 and is a rand denominated balanced fund that aims to generate capital growth and to outperform Chinese inflation by 3% over the long-term. To achieve this, the Fund will invest predominantly in mainland Chinese equities, bonds, cash and money market instruments. The Fund may also invest in global equities, bonds and other interest bearing securities such as certificates of deposit, money market instruments, global currencies and through Regulated Funds, which have good risk adjusted pricing characteristics. The Fund is permitted to invest in listed and unlisted financial instruments in line with the conditions as determined by legislation from time to time.  The Feeder Fund is subject to Rand volatility.

Prescient Global Equity Feeder Fund

The Global Equity Feeder Fund was launched 1 August 2007 and is a rand denominated offshore equity fund with the aim of delivering inflation beating returns over the long term. Since May 2014 the Fund has been fully invested in global equities and benchmarked to the MSCI World Index.  The Fund is structured to minimise the risk of underperforming the benchmark by investing in a diversity of risk premia and blending those strategies to reduce relative market risk over time. The equity selection process targets those shares that offer value and is supported by positive market sentiment. The Feeder Fund is subject to Rand volatility.

Prescient Global Income Provider Feeder Fund

This Fund was launched in November 2004 and is a rand denominated offshore fund. The Fund provides investors with access to an internationally diversified portfolio of income generating assets via a rand based vehicle.  The Fund may invest in global money market and capital market instruments, other high yielding instruments, currencies and derivatives. Performance can be generated from taking interest rate views or duration, yield enhancements via credit instruments, currency selection and also via the use of derivatives. Derivatives will mainly be used to reduce interest rate or currency risk. The aim of the Fund is to generate real yield whilst maintaining liquidity. Volatility is managed on an on-going basis. However, it may increase from time to time due to exchange rate fluctuations. The underlying Global Income Provider Fund aims to provide consistent real returns in US Dollars and is benchmarked against the 90 Day US Treasury Bill.

Prescient Global Positive Return Feeder Fund

This Fund was launched in August 2007 and is a rand denominated offshore fund.  The Fund provides investors with access to an internationally diversified low to moderate risk balanced portfolio via a rand based vehicle.  The Fund aims to achieve sustainable real returns in Euro terms over time and is benchmarked against European inflation. The Fund invests in money market instruments, capital market instruments, equities and derivatives with an active asset allocation overlay to manage downside volatility. All currency exposure is hedged to Euros, which reduces volatility further and enhances the delivery of positive returns. The portfolio is thus structured to optimise returns in positive market cycles and to protect capital in negative periods in Euro terms. The Feeder Fund is subject to Rand volatility.

Other

Prescient RECM Global Feeder_A

Prescient RECM Global Feeder_B

Prescient RECM Global Feeder_D

 

Wealth Management

Prescient Wealth Balanced Fund of Funds

The Balanced Fund of Funds aims to provide investors with real medium to long-term capital growth in the value of assets.  The Fund invests in a diversified portfolio of local and offshore based collective investment schemes.  Within each asset class (equities, bonds, listed property and money market instruments), the portfolio will be balanced according to the managers assessment of prevailing investment conditions.  The Fund is Regulation 28 compliant.

Prescient Wealth Long Short RI Hedge Fund

The Prescient Wealth Long Short RI Hedge Fund is an equity long/short hedge fund with a net long bias that invests predominantly in South Africa listed equities and other financial instruments to enhance returns and manage risk. The objective of the fund is to generate superior returns over the long-term whilst assuming a moderate level of risk. The fund is suitable for investors with a long investment horizon and that do not require high income distribution.