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-0.29  /  -0.51%

57.4

NAV on 2020/01/23
NAV on 2020/01/22 57.69
52 week high on 2019/02/06 67.88
52 week low on 2020/01/23 57.4
Total Expense Ratio on 2019/09/30 0.97
Total Expense Ratio (performance fee) on 2019/09/30 0
NAV Incl Dividends
1 month change -5.03% -1.66%
3 month change -7.06% -3.77%
6 month change -8.41% -5.16%
1 year change -11.19% -5.23%
5 year change 0% 0%
10 year change 0% 0%
Price data is updated once a day.
  • Sectoral allocations
Financials 106.38 94.60%
Liquid Assets 6.06 5.39%
  • Top five holdings
 GROWPNT 20.28 18.03%
 NEPIROCK 16.67 14.82%
 REDEFINE 11.46 10.2%
 RESILIENT 8.82 7.85%
 HYPROP 7.54 6.7%
  • Performance against peers
  • Fund data  
Management company:
Absa Fund Managers (RF) (Pty) Ltd.
Formation date:
2015/06/22
ISIN code:
ZAE000205399
Short name:
U-ASAPROP
Risk:
Medium - High
Sector:
South African--Real Estate--General
Benchmark:
FTSE/JSE Listed Property Index (J253T)
Contact details

Email
utenquiries@absa.co.za

Website
www.absainvestmentmanagement.co.za

Telephone
011-480-5000

  • 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.
Arshad Joosub


  • Fund manager's comment

ABSA Smart Alpha Property comment - Sep 19

2019/12/12 00:00:00
The Fund Commentary is provided on a quarterly basis and can be found on www.absainvestmentmanagement.co.za under Unit Trusts Minimum Disclosure Documents. The latest quarterly commentary available is for the quarter ending 30 September 2019.
  • Fund focus and objective  
The Absa Smart Alpha Property Fund will be actively managed and will invest directly in individual property securities, however individual exposure can be gained from time to time to ensure efficient portfolio management.
The Absa Smart Alpha Property Fund will invest in listed South African property stocks with the intention of adding alpha to the Property index.
This fund is a quasi-passive fund which invests in securities predominantly through indices whilst generating Alpha using quantitative asset allocation techniques.
Securities to be included in the Absa Smart Alpha Property Fund will consist of non-equity securities, financial instruments only in the form of warrants, property equity and property-related securities listed on exchanges, securities listed in the Real Estate Sector on South African exchanges and property shares, property loan stock and participatory interests in Collective Investment Schemes in Property listed on South African exchanges. Non-equity securities in the currency of a country other than the Republic of South Africa, may only be included in this portfolio of it complies with an international rating equal to A or higher from Standard and Poor's and/or Moody's Investor Services Ltd, and /or Fitch Ratings Limited provided further that if the grading of an instrument differs between these rating agencies, the lower of the ratings will apply.
Apart from the above securities, the Absa Smart Alpha Property Fund may also include participatory interests of collective investment schemes registered in the Republic of South Africa or any other form of participatory interests of collective investment schemes or similar schemes operated in territories with a regulatory environment which is to the satisfaction of the manager and trustee of sufficient standard to provide investor protection at least equivalent to that in South Africa and is consistent with the investment policy.
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