Amplify SCI* Defensive Balanced Fund

Consistent, low-risk returns making it ideal for investors seeking stable returns.

Download Fund FactSheet

Intelligent impact that matters

Fund Summary

Consistent, low-risk returns making it ideal for investors seeking stable returns.

Risk Profile

Cautious

Solution Launch Date

01 September 2014

Fund Classification

(ASISA) South African MA Low Equity

Fund Size

ZAR 4,806.8 million

Benchmark

Peer average of (ASISA) South African MA Low Equity

Time Horizon

Minimum 3 years

Fund Snapshot

View Snapshot

Fund Commentary

View Commentary

Performance

Investment growth since inception

The investment performance is for illustrative purposes only and is calculated by taking the actual initial fees and all ongoing fees into account for the amount shown. Income is reinvested on the reinvestment date.

Annualised Returns Fund Benchmark
1 year 10.07 9.32
3 year 8.4 7.65
5 year 8.9 7.48
Since inception 8.4 6.7
Highest and Lowest Annual Returns over 10 years
FUND BENCHMARK
Highest Annual % 22.41 17.26
Lowest Annual % -4.56 -3.1

Updated: 2024-05-31

Asset allocation (%)

Source: Morningstar

Updated: 2024-03-31

Literature & Factsheets

Fund Manager

Matrix Fund Managers is a diversified fund manager with a highly skilled team boasting extensive experience.

Geopolitical factors
Invest
Invest

15 May 2024

Can investors still ignore geopolitics?

It should be clear that geopolitics can affect inflation, and studies have shown that inflation affects election outcomes. It also affects interest rate policies, and it seems that a possible goods inflation resurgence could mean that US rate cuts might be slower than expected. Russia-Ukraine diplomacy seems a distant dream currently, yet I hope for diplomatic progress. War is inflationary, peace is disinflationary.
A multipolar world brings greater geopolitical uncertainty, and we need to be alert to its affects.

Sun Rising
Invest
Invest

23 Apr 2024

Volatility Creates Offshore Investment Opportunities For Active Managers

As half of the world’s population goes to the elections polls this year, war in the Middle East and Ukraine continues and inflation in most developed markets appears to be cooling, active managers are taking advantage of the volatility this creates to apply disciplined investment strategies.
Amplify Investment Partners expects persistently high interest rates to be a headwind for global equity markets, especially the US where market valuations remain high relative to history and to emerging markets.
“We have however seen that some companies in the tech industry (which has driven the total US market higher) have bucked the trend and continue to perform above market expectations as future earnings remain attractive,” Amplify’s head of positioning, Nico Janse van Rensburg says, adding that as bottom-up fundamental managers, Amplify’s fund managers look at share level to find opportunities.

Naspers and Prosus
Invest
Invest

21 Feb 2024

FUND MANAGERS POSITIVE ON NASPERS AND PROSUS VALUE

Investor sentiment towards Naspers and Prosus appears to be warming in early 2024 after uncertainty over Chinese tech company Tencent weighed heavily on these shares in 2023. Naspers and Prosus trade at significant discounts to Tencent, in which they have a significant shareholding, and to their own net asset value. Their inability to unlock this value, and uncertainty over Tencent and the Chinese economy, has resulted in nervousness among investors, especially given their dominance in terms of value and trade on the JSE. In December 2023, the introduction of proposed draft gaming regulations by the Chinese regulator saw Naspers lose 9.7% and Prosus lose 10.6%, while Tencent was down 13% in rand terms. But there has been some recovery in January, after fund managers bought into the dip. Managers of Amplify Investment Partners funds consider Naspers and Prosus good value at current levels, and some used the opportunity to buy.

Invest
Invest

06 Feb 2024

Amplify Investment’s fund managers’ views on asset class and equity sectors in the year ahead.

Amplify’s managers say the trajectory or outcome of various events that are already known in 2024 hold high risks and uncertainties. These include local national elections, the power crisis, Transnet’s rail and ports crisis, war in Ukraine and the Middle East, US GDP growth and the Fed’s response and Chinese economic recovery.
There is generally consensus among Amplify’s managers that the key lies in a balanced and adaptable approach with a diversified portfolio. Geopolitical risk globally, elections (notably in the US, Russia and the EU), local elections and continued local economic pressures point to continued uncertainty and volatility, and a relatively defensive portfolio positioning. Amplify’s managers, who have proven their ability to perform well during volatility, remain active and true to their philosophy and practice and remain cautiously optimistic for 2024.

Asset allocation and equity opportunity in 2024
Invest
Invest

02 Feb 2024

Investment Outlook 2024

Low risk instruments provide attractive returns with limited risk, and a more conservative position in the current environment is suitable. SA equities are extremely cheap compared to history, global markets, and emerging markets. There has been a structural change in terms of capital flow as Regulation 28 changes saw a lot of local managers increase offshore exposure at the expense of local, while foreign investors are not convinced on SA’s prospects. This leaves lots of opportunities on the local market, with companies on 6 or 7 PEs and decent dividend yields, and with some growth and prospects determined by themselves rather than macro conditions. This is positive for local equities, relative to especially the US which expensive, and the fund has increased its allocation.

LEIGH DE NECKER
Rethink
Rethink

18 Dec 2023

Game-changing insights: 5 Ways to navigate with a predatory compass

By taking inspiration from the natural world, we can navigate unpredictable waters with greater clarity and purpose. A predatory compass helps guide us to resilience, growth, success and more.

3893 HUB Article Thumbnails Marthinus 2
Rethink
Rethink

12 Dec 2023

Part 3: The game-changer: Beyond returns through meaningful vision and impact, with Marthinus van der Nest

Our story isn’t just about managing assets; it’s about blazing a trail through market dynamics with purpose and deep commitment. Intelligence meets impact, made meaningful. That’s the Amplify story.

3893 HUB Article Thumbnails Marthinus 1
Rethink
Rethink

12 Dec 2023

Part 2: The game-changer: Beyond returns through meaningful vision and impact, with Marthinus van der Nest

Our story isn’t just about managing assets; it’s about blazing a trail through market dynamics with purpose and deep commitment. Intelligence meets impact, made meaningful. That’s the Amplify story.

Amplify - Marthinus
Rethink
Rethink

12 Dec 2023

Part 1: The game-changer: Beyond returns through meaningful vision and impact, with Marthinus van der Nest

Our story isn’t just about managing assets; it’s about blazing a trail through market dynamics with purpose and deep commitment. Intelligence meets impact, made meaningful. That’s the Amplify story.

Amplify - Marthinus
Rethink
Rethink

08 Nov 2023

Part 2: Game-changing insights: What drives creators, with Kelly Kikx

For content creators, passion leads to financial freedom and ultimately, wealth. Knowing what drives them, what matters and how they define impact, can lead to even greater success.

Global Funds Hit the Floor Running
Invest
Invest

07 Nov 2023

Amplify’s Global Funds Hit the Floor Running

Amplify Investment Partners’ global equity funds are new to the market, but infused with the DNA of a fund with a 27 year history of outperformance.

Nico Janse van Rensburg, head of positioning at Amplify, said in a recent webcast on Amplify’s offshore developments that the Amplify Global Equity Fund (USD) and Amplify SCI* Global Equity Feeder Fund (ZAR) aim to invest in dominant companies in structurally-attractive industries which will grow their earnings at sustainable above average rates.

While benchmarked against the MSCI World index, the fund is run as benchmark agnostic, as the index is not used as a starting point to portfolio construction. The portfolio holds between 35 to 55 companies, of which the top 10 make up 40% to 50%. The focus is on industry-leading multinationals with large market caps and high daily trading volumes with sustainable, above average growth in earnings, cashflow and dividends

Medium term policy needs reframing
Rethink
Rethink

31 Oct 2023

Future foresight: Countdown to the MTBPS, with Carmen Nel

With a widening deficit and rising debt-to-GDP ratio, can government afford to convert the Covid-19 social grant into permanent basic income? Can it balance the books and avoid future strain?