Fund Name Changed - Official Announcement25 Sep 2024
The BIP BCI Moderate Worldwide Flexible Fund will change it's name to BCI Moderate Worldwide Flexible Fund, effective from 26 August 2024
Fund Name Changed - Official Announcement25 Sep 2024
The BCI Moderate Worldwide Flexible Fund will change it's name to Anchor BCI Moderate Worldwide Flexible Fund, effective from 06 September 2024
BIP BCI Moderate WW Flexible Comment - Mar 24 - Fund Manager Comment31 May 2024
Positive global equity momentum carried into March, with a fifth consecutive positive month for global stocks (MSCI World Index +3.3% MoM), which saw the MSCI World rally 25% in the past five months.
Mega-cap US tech stocks had been the main driver of recent equity market performance, but the rally broadened to other sectors in March as the S&P 500 Energy (+11% MoM) and Financials (+5% MoM) sectors were amongst the star performers for the month.
The paths for the mega-cap tech stocks saw some divergence in March as Nvidia, which is at the forefront of AI chip design, continued to attract investors, rallying 14% MoM to leave it 82% higher YTD (after rallying 240% in 2023).
The South African (SA) bourse was the best performing amongst major emerging market peers (FTSE/JSE Capped SWIX Index +2.9% MoM) in March, as it clawed its way back towards positive territory (the Capped SWIX is still down 2.3% YTD).