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-0.52  /  -0.56%

92.17

NAV on 2019/07/19
NAV on 2019/07/18 92.69
52 week high on 2018/11/07 101.23
52 week low on 2019/01/02 88.88
Total Expense Ratio on 2019/03/31 0.23
Total Expense Ratio (performance fee) on 2019/03/31 0
NAV Incl Dividends
1 month change -2.56% 1.71%
3 month change -2.2% 2.08%
6 month change -1.53% 2.78%
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 93.68 99.50%
Liquid Assets 0.47 0.50%
Offshore 0.00 0.00%
  • Top five holdings
 GROWPNT 20.01 21.25%
 REDEFINE 14.49 15.39%
 NEPIROCK 12.95 13.76%
 FORTRESSA 7.15 7.59%
 RESILIENT 5.03 5.34%
  • Performance against peers
  • Fund data  
Management company:
Absa Fund Managers (RF) (Pty) Ltd.
Formation date:
2018/09/10
ISIN code:
ZAE000261186
Short name:
U-PROPINX
Risk:
Unknown
Sector:
South African--Real Estate--General
Benchmark:
FTSE/JSE SA Listed Property Index
Contact details

Email
utenquiries@absa.co.za

Website
www.absainvestmentmanagement.co.za

Telephone
011-480-5000

  • Fund management  
Jean-Pierre Matthews
Neels Pretorius


  • Fund manager's comment

Absa Property Index - Mar 2019

2019/06/05 00:00:00
SA listed property, represented by the the FTSE/JSE SA Listed Property Index, rose by 1.45% in the first quarter of 2019. The Rand weakened by 1.08% against the U.S. Dollar in the first quarter. The Fund has performed in line with the index as it mirrors the constituents of the index.
South African equity markets recovered with strong positive performance in the 1st quarter of 2019 with resource counters returning just under 20% for the quarter. SOE debt levels still remain a concern, with Eskom weighing further down on domestic demand with inconsistent electricity supply. The lead up to the general elections might increase market volatility, thus investor sentiment is only expected to remain muted.
The South African local property sector still have not fully recovered from the accounting scandal in early 2018. A big proportion of the sector has enhanced income growth by shifting debt offshore at the expense of NAV growth leaving it susceptible to a potential credit event. If inflation remains stable no interest rate hikes are expected, but the general elections are weighing down on the sectors recovery.
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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