2.38 /
2.41%
98.79
NAV on 2021/02/25
| NAV on 2021/02/24 |
96.41 |
| 52 week high on 2020/04/15 |
108.56 |
| 52 week low on 2020/03/25 |
92.02 |
| Total Expense Ratio on 2020/09/30 |
2.55 |
| Total Expense Ratio (performance fee) on 2020/09/30 |
0 |
| Liquid Assets |
3.06 |
1.39% |
| Offshore |
217.53 |
98.61% |
Management company:
Absa Fund Managers (RF) (Pty) Ltd. |
Formation date:
2014/04/14 |
ISIN code:
ZAE000187829 |
Short name:
U-ABSAFRI |
Risk:
Unknown |
Sector:
Regional--Equity--General |
Benchmark:
MSCI Emerging Frontier Markets Africa ex South Africa |
Godfrey Mwanza
Godfrey has 9 years’ experience working in African capital markets. He began his career in corporate finance in Zambia where he played a key role in pioneering corporate transactions in that country, following which he helped start-up Enko Capital, a multi-strategy Africa-focused hedge fund based in Johannesburg. Godfrey joined Absa Asset Management in April 2014 from African Alliance where he was a portfolio manager on the Africa (ex-South Africa) equities fund. He holds a Bachelor of Science degree in Economics from the London School of Economics and Political Science and is a CFA® charter holder.
Roy Mutooni
2020/02/12 00:00:00
Minimum Total Exposure: Equity (Offshore) – 75% Maximum Total Exposure: Equity (Offshore) – 100% Minimum Total Exposure: Equity (Local) – 0% Maximum Total Exposure: Equity (Local) – 20% Minimum Total Exposure: Property (Offshore) - 0% Maximum Total Exposure: Property (Offshore) – 25% Minimum Total Exposure: Commodities – 0% Maximum Total Exposure: Commodities – 10% Minimum Total Exposure: Cash (Local & Offshore) – 0% Maximum Total Exposure: Cash (Local & Offshore) – 25%
The portfolio is a domestic feeder fund that will consist of exchange rate swaps, assets in liquid form and participatory interest of the Absa Africa Equity Fund (“Master Fund”) which is established under the Sanlam Universal Funds Plc. The Master Fund aims to provide long-term capital growth through exposure to African equity securities by investing in equity securities listed on recognised stock exchanges across the African continent as well as equities that may be listed and/or traded in recognised exchanges outside of Africa. Investment in securities listed in South Africa will be limited to 20% of the Net Asset Value of the Master Fund.
