Fri, Sep 17, 2021
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

PPS Global Equity Fund up 31.37% in its first year, AUM reaches $250m

Wednesday, March 17, 2021
Opalesque Industry Update - Professional Provident Society Multi-Managers Proprietary Limited (PPS Multi-Managers), part of a mutual financial services company founded in 1941 in South Africa, has announced the first full-year performance of the PPS Global Equity Fund since launching on the Prescient Global Funds ICAV UCITS fund platform.

The fund, which currently has assets under management in excess of USD 250 million (as of 31 January 2021), has been designed for investors seeking long-term capital growth through a diversified portfolio of global equities and equity-related securities.

PPS Multi-Managers launched the retail share class of the PPS Global Equity Fund on 31 January 2020, and the fund delivered annualised performance, net of fees of 31.37% (USD) over the first one-year period to 31 January 2021. During the same period, the fund's benchmark, the MSCI All Country World Index (ACWI) produced a total return of 17.59%. The retail share class therefore outperformed its benchmark by 13.78%, a considerable achievement amidst the COVID-19 effects experienced in the markets for most of 2020.

"We are pleased with the strong performance over the last year driven by good stock selection with positive relative returns generated across all five regions, and in 10 of the 11 sectors. This also speaks to the diversified nature of the portfolio, providing protection during the market sell-off in March, as well as capturing the upside in the strong market recovery over the remainder of the year", says Andriette Theron, Head of Research at PPS Investments.

"The PPS Global Equity Fund is managed by Capital Group, which was identified and selected through our vigorous investment management research process. As one of the largest global investment managers in the world, Capital Group has managed money since 1931 - through recessions, depressions and a world war. With their global in-house research team, they offer a unique perspective and view on the global marketplace. Through Prescient Global Funds ICAV, we are able to provide our members and investors with the ability to diversify their investments offshore and access this manager via the fund" says Anil Thakersee, Executive of Business Development at PPS Investments.

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. SPACs: The fall of the SPAC market has digital media companies in disagreement about best path forward, Cannae Holdings: SPAC bloodbath provides a good entry point, British car startup Cazoo raises $1bn from SPAC merger, Europe's incoming SPAC boom will create a demand for talent[more]

    The fall of the SPAC market has digital media companies in disagreement about best path forward From CNBC: The digital media industry has reached a strategic crossroads. Earlier this year, special purpose acquisition vehicles (SPACs) appeared to be the long-awaited savior of digital me

  2. Property: Real estate's new moneymaker is not design-driven, it's alternative, Two Sigma building quant tools to hunt real estate bargains[more]

    Real estate's new moneymaker is not design-driven, it's alternative From Forbes: There has been a recent shift of attention in the real estate market as to the types of investments which make the strongest returns. In the past, it's always been a combination of good design, prim

  3. PE/VC: Private equity GPs, LPs alike working on diversity and inclusion, Chinese regulator vows to crack down on private equity, venture capital funds, The VC playbook for portfolio companies: learning from the Covid-19 crisis[more]

    Private equity GPs, LPs alike working on diversity and inclusion From PIonline.com: Private equity general partners and limited partners are doing more to increase diversity in private markets, according to a report released Tuesday by the Institutional Limited Partners Association.

  4. PE/VC: Private equity continues to lead fund closings, Venture capital firms are fighting to throw money at cleantech[more]

    Private equity continues to lead fund closings From PIonline.com: Among private fund closings, private equity funds have led the pack starting in 2011, based on data collected by Pensions & Investments. During those years, private equity's share has ranged from 56% to 72% of the total

  5. PE/VC: Climate tech is hot, but VCs can't forget about water, Five top trusts to tap into the private equity boom[more]

    Climate tech is hot, but VCs can't forget about water From Crunch Base: "It is unequivocal that human influence has warmed the atmosphere, oceans, and land." These fiery words come from the latest landmark U.N. report detailing intensifying, universal climate change impacts. They cover