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0.83  /  0.95%


NAV on 2019/09/13
NAV on 2019/09/12 86.93
52 week high on 2018/11/07 101.23
52 week low on 2019/09/02 86.04
Total Expense Ratio on 2019/06/30 0.23
Total Expense Ratio (performance fee) on 2019/06/30 0
NAV Incl Dividends
1 month change 0.18% 0.18%
3 month change -6.78% -2.7%
6 month change -6.18% -2.07%
1 year change -11.06% -3.88%
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:
ISIN code:
Short name:
South African--Real Estate--General
FTSE/JSE SA Listed Property Index
Contact details




  • Fund management  
Jean-Pierre Matthews
Neels Pretorius

  • Fund manager's comment

Absa Property Index - Jun 2019

2019/09/16 00:00:00
SA listed property, represented by the the FTSE/JSE SA Listed Property Index, rose by 4.52% in the second quarter of 2019. The Rand strengthened by 2.86% against the U.S. Dollar for the period. The Fund has performed in line with the index as it mirrors the constituents of the index.
South African equity markets continued their positive momentum in the second quarter of 2019. The JSE Allshare TR index was up 3.92%, with the financial sector being the star performer returning just over 7% over the quarter. Stable inflation, a positive election result and a dovish bias on the repo rate was positives for the market. A fresh accounting scandal at Tongaat Hulett, weak economic growth, 5G spectrum and unemployment are major detractors of performance. SA reported a surprise 3.2% QoQ annualised decline in GDP in the first quarter, which is the biggest quarterly fall in economic activity since the first quarter of 2009.
The South African local property sector has still not fully recovered from the widespread accounting concerns in early 2018. The JSAPY TR was up 4.52% for the quarter. Buildings plans that were passed decreased on a year on year basis, however confidence in the sector picked up over latter half of the second quarter as lower rate expectations started permeating through the property market. Slow economic growth and high unemployment levels may prove to dampen this 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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