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0.72  /  0.72%

100.56

NAV on 2019/07/19
NAV on 2019/07/18 99.84
52 week high on 2019/05/03 104.23
52 week low on 2018/11/23 86.75
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 -3.35% -1.53%
3 month change -4% -2.19%
6 month change 7.61% 9.63%
1 year change 0% 0%
5 year change 0% 0%
10 year change 0% 0%
Price data is updated once a day.
  • Sectoral allocations
Basic Materials 183.43 28.01%
Consumer Goods 80.57 12.30%
Consumer Services 47.22 7.21%
Financials 145.05 22.15%
Health Care 3.94 0.60%
Industrials 16.53 2.52%
Liquid Assets 2.27 0.35%
Technology 148.80 22.72%
Telecommunications 27.05 4.13%
  • Top five holdings
 NASPERS-N 148.80 22.72%
 BHP 77.04 11.76%
 RICHEMONT 62.28 9.51%
 ANGLO 40.79 6.23%
 STANBANK 25.72 3.93%
  • Performance against peers
  • Fund data  
Management company:
Absa Fund Managers (RF) (Pty) Ltd.
Formation date:
2018/09/06
ISIN code:
ZAE000261145
Short name:
U-T40INDX
Risk:
Unknown
Sector:
South African--Equity--General
Benchmark:
FTSE/JSE Top 40
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 Top 40 comment - Mar 19

2019/06/05 00:00:00
SA equities, represented by FTSE/JSE Top 40 Index, rose by 7.59% 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 by FTSE/JSE Top 40 Index containing the 40 largest shares by market capitalization.
  • Fund focus and objective  
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