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-0.85  /  -0.92%


NAV on 2019/05/17
NAV on 2019/05/16 93.24
52 week high on 2018/11/07 101.23
52 week low on 2019/01/02 88.88
Total Expense Ratio on 2018/12/31 0.23
Total Expense Ratio (performance fee) on 2018/12/31 0
NAV Incl Dividends
1 month change -1.94% -1.94%
3 month change -2.09% -2.09%
6 month change -3.64% -0.23%
1 year change 0% 0%
5 year change 0% 0%
10 year change 0% 0%
Price data is updated once a day.
  • Sectoral allocations
Financials 86.51 98.64%
Liquid Assets 1.19 1.36%
Offshore 0.00 0.00%
  • Top five holdings
 GROWPNT 19.49 22.23%
 REDEFINE 14.97 17.07%
 NEPIROCK 11.41 13.01%
 FORTRESSA 5.91 6.74%
 HYPROP 4.89 5.57%
  • 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 SA Listed Property Index
Contact details




  • Fund management  
Suvarn Naidoo

  • Fund manager's comment

Absa Property Index - Dec 2018

2019/03/11 00:00:00
SA listed property, represented by the the FTSE/JSE SA Listed Property Index, fell by 3.99% in the fourth quarter of 2018. The Rand weakened by 1.45% against the U.S. Dollar in the fourth quarter. The Fund has performed in line with the index as it mirrors the constituents of the index.
South African equity markets underperformed in the 4th quarter of 2018 with concerns over SOE governance, global liquidity and Rand uncertainty. The ABSA Manufacturing PMI number rose to above 50 indicating positive activity for the first time since March 2017. The increase in mining output together with the price increase of gold and platinum is likely to have a positive effect on real GDP for Q4.
The South African property sector still remains under pressure with the land expropriation issue, weak economic growth and a rate hike dampening returns. Interest rate hikes aren't expected for the first half of 2019, but the May elections may weighing down on a property sector recovery. Property holdings were kept low to capture opportunities in other asset classes.
The fund tracks the performance of the FTSE/JSE SA Listed Property Index containing of the 20 largest listed property shares by market capitalization.
  • Fund focus and objective  
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