0.52  /  0.17%

NAV on 2018/02/22


NAV on 2018/02/21 305.05
52 week high on 2017/12/29 433.68
52 week low on 2018/02/20 299.46
Total Expense Ratio on 2016/12/31 1.74
Total Expense Ratio (performance fee) on 2016/12/31 0
NAV Incl Dividends
1 month change -19.74% -19.74%
3 month change -28.24% -27.67%
6 month change -21.62% -20.39%
1 year change -15.05% -11.96%
5 year change 8.73% 13.61%
10 year change 8.49% 14.43%
  • Sectoral allocations
Financials 3619.77 83.83%
Fixed Interest 676.21 15.66%
Liquid Assets 22.23 0.51%
  • Top five holdings
U-ABSAMM 676.21 15.66%
 NEPIROCK 572.99 13.27%
 RESILIENT 570.72 13.22%
 FORTRESSB 442.35 10.24%
 MAS 409.61 9.49%
  • Performance against peers
  • Fund data
Management company:
Absa Fund Managers (RF) (Pty) Ltd.
Formation date:
ISIN code:
Short name:
South African--Real Estate--General
FTSE/JSE Africa SA Listed Property index [J253]
Contact details




  • 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 - Sep 17

2017/11/20 00:00:00
The fund delivered a total return of 10.15% for the third quarter of 2017. This equates to an outperformance of 4.42% above the listed property index for the quarter. On a year to date basis, the fund has generated 18.16% total return, outperforming both the median manager and the index by over 10%.
In terms of relative asset class performance, the SA Listed Property sector delivered positive growth in the third quarter of 2017 with a 5.7% total return performance, underperforming Equities (8.9%) but outperforming Bonds (3.7%) and Cash (1.8%). However, over the longer period, listed property has continued to be one of the best performing asset classes, returning 13.9% p.a. over the last 10 years, beating the returns on Equities (9.5%), Bonds (8.4%) and Cash (7.2%).
As at the end of the third quarter of 2017, the listed property sector traded on a historical yield of 6.75% and a projected forward yield of 7.35%. 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.



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