-1.67  /  -0.57%

NAV on 2018/05/25

293.18

NAV on 2018/05/24 294.85
52 week high on 2017/12/29 433.68
52 week low on 2018/04/04 277.52
Total Expense Ratio on 2018/03/31 1.72
Total Expense Ratio (performance fee) on 2018/03/31 0
NAV Incl Dividends
1 month change -5.33% -5.33%
3 month change -4.14% -2.51%
6 month change -30.56% -28.82%
1 year change -21.93% -18.63%
5 year change 6.32% 11.13%
10 year change 9.96% 15.91%
  • Sectoral allocations
Financials 2825.58 90.14%
Fixed Interest 223.19 7.12%
Liquid Assets 85.87 2.74%
  • Top five holdings
 GROWPNT 367.56 11.73%
 NEPIROCK 341.18 10.88%
 RESILIENT 267.23 8.53%
 MAS 256.32 8.18%
 FORTRESSB 251.67 8.03%
  • Performance against peers
  • Fund data
Management company:
Absa Fund Managers (RF) (Pty) Ltd.
Formation date:
2006/08/14
ISIN code:
ZAE000073110
Short name:
U-ABSAPRO
Risk:
Unknown
Sector:
South African--Real Estate--General
Benchmark:
FTSE/JSE Africa SA Listed Property index [J253]
Contact details

Email
unittrust@absa.co.za

Website
www.absa.co.za/wim

Telephone
011-480-5000

  • Fund management
Fayyaz Mottiar
Fayyaz started his financial markets career at Nedcor Investment Bank in 1998 where he worked as an equity derivatives trader. In 2000 he joined SCMB Asset Management’s Equity dealing team and following the merger of SCMB Asset Management and Liberty Asset Management to form STANLIB, he was seconded to set up a new BEE asset management joint venture between STANLIB and SIMEKA, which specialised in tracker funds. In 2003 he joined STANLIB’s fixed interest team as a Fixed Interest Dealer and Portfolio Manager. Fayyaz joined ABSA in 2007 and has been managing the listed property investments of the bank over the last 3 years in the Commercial Property Finance Private Equity division. Fayyaz moved into ABSA Asset Management in 2011 following an internal restructuring and continues to focus on listed property investments. Fayyaz has a Bachelor of Economic Science degree from the University of Witwatersrand and is a CFA charter holder.


  • Fund manager's comment

Absa Property Equity comment - Dec 17

2018/03/27 00:00:00
The fund delivered a total return of 26.79% for the 2017 year. This equates to an outperformance of both the listed property index by 9.64% and the median manager by 11.70%.
In terms of relative asset class performance, the SA Listed Property sector delivered positive growth in 2017 with a 17.15% total return performance, underperforming Equities (20.95%) but outperforming Bonds (10.19%) and Cash (7.52%). However, over the longer period, listed property has continued to be one of the best performing asset classes, returning 14.87% p.a. over the last 10 years, beating the returns on Equities (10.67%), Bonds (8.57%) and Cash (7.13%).
As at the end of the 2017, the listed property sector traded on a historical yield of 6.26% and a projected forward yield of 6.73%. The sector is expected to deliver between 8% and 9% distribution growth over the next twelve months. This growth outlook against a subdued economic backdrop, political instability and market uncertainty results in the SA listed property sector remaining as an attractive investment choice.
  • Fund focus and objective
The fund aims to offer investors medium to long-term capital and income growth through investments in the SA property market, sector listed shares and unit trusts in property.

Podcasts

GO TO SHOP CART

Follow us:

Search Articles:Advanced Search
Click a Company:

Moneyweb Radio

server: 172.17.0.2