FSB approved Prescient Equity Quant Fund’s name has changed to the Prescient Equity Top 40 Fund effective immediately. The change in name aptly represents the nature of the fund more closely to the investment strategy and long-track record as a top performer since inception on 30 June 2003.
The Fund is an enhanced equity index fund. Returns are enhanced by taking advantage of low risk arbitrage opportunities in the market and other quantitative techniques. Additional benefits are gained from efficient implementation of cashflows, dividend reinvestments, management of corporate actions and index rebalancing. Tracking error to the index is minimised in the process.
Prescient believes the name change is appropriate. There will not be any change in the management style of the portfolio going forward.
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