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-0.47  /  -0.52%

89.56

NAV on 2019/11/11
NAV on 2019/11/08 90.03
52 week high on 2019/02/06 98.9
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 1.12% 1.12%
3 month change 1.45% 1.45%
6 month change -4.79% -0.63%
1 year change -9.1% -1.77%
5 year change 0% 0%
10 year change 0% 0%
Price data is updated once a day.
  • Sectoral allocations
Financials 92.09 99.14%
Liquid Assets 0.80 0.86%
Offshore 0.00 0.00%
  • Top five holdings
 GROWPNT 19.50 20.99%
 NEPIROCK 13.61 14.65%
 REDEFINE 12.86 13.84%
 FORTRESSA 7.04 7.58%
 RESILIENT 5.07 5.46%
  • Performance against peers
  • Fund data  
Management company:
Absa Fund Managers (RF) (Pty) Ltd.
Formation date:
2018/09/06
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  
St John Bunkell
St John has been with Absa Alternative Asset Management since September 2009; in this time he has been responsible for the strategic design and implementation of AAM's long only asset management business. He a portfolio manager on all equity funds and is integrally involved with the fixed income and balanced fund offerings. St John started his career in 1997 and has experience in risk management, structured solutions, asset management and hedge funds. He spend several years in London where he started Gensec UK structured products and worked in the pension fund environment. He has been largely responsible for the strategic alliance between AAM and the asset manager business of Barclays Capital (BCFS), having integrated Barclays Capital trading technology as well as being involved in several BCFS investments by South African Institutional clients. He is involved in the development and management of AAM's hedge fund offering.
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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