|
|
STANLIB Sterling Cash Fund - News
|
|
|
|
|
Fund Name Changed
|
|
Thursday, 22 July 2010
|
Official Announcement
|
The STANLIB Offshore Sterling Fund will change it's name to STANLIB Sterling Cash Fund, effective from 22 July 2010
|
| |
|
Stanlib Sterling comment - Jun 07
|
|
Thursday, 27 September 2007
|
Fund Manager Comment
|
During the quarter, the fund marginally underperformed its benchmark on a net-of-fees basis.
An overweight position in UK gilts relative to investment-grade corporate bonds restricted returns, given that corporate bonds outperformed gilts over the review period.
Holding bonds less sensitive to interest rate increases than the benchmark proved rewarding to performance over the quarter. Bond yields in the UK rose over the period amid expectations of further interest rate rises.
An overweight exposure to selected Emerging Market bonds enhanced returns, as credit spreads tightened in April and May. Moreover, exposure to high-yield bonds and asset-backed securities added to relative performance.
Within the investment-grade portion, the fund profited from its exposure to BBB-rated issues at the expense of AAA and AA-rated issues. The lower-rated securities outperformed their higher-rated peers.
|
| |
|
Standard Bank Sterling comment - Dec 04
|
|
Thursday, 17 March 2005
|
Fund Manager Comment
|
The Manager commenced the period with the portfolio's Weighted Average Maturity (WAM) positioned at 60 days. During the quarter, the Manager purchased additional securities in the one to three month part of the curve to take advantage of market interest rates that was pricing in no further rate changes by the BoE. At the end of December, the portfolio's WAMstood at 56 days.
|
| |
|
|
