Absa Managed Fund (A)
Domestic - Asset Allocation - Prudential Variable Equity
Code:AMFCA
Inception:25 Feb 2010
| Latest Price : 02 Sep 2010 | R 1.04 |
| 12mth Sector Rank | - - |
| 12mth Overall Rank | - - |
| 12mth Volatility vs Sector Average | - - |
| Published Retail Buy Fee* | 3.42% |
| Intervest Buy Fees | Wholesale | 0.000% |
| + Our Fee** | 0.285% |
| Management Company Annual Fees:*** | 1.71% |
| Intervest Annual Fees: | [details] |
| Latest Total Assets | R 227.0m |
| Assets at end June 2010 | R 198.0m |
| Previous Quarter | R 0.0m |
| Move | + R 198.0m |
| Income Declaration and Payment |
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| Declaration | Twice a year, end of June and end of December |
| Payment | 15 days after declaration |
| Performance to 02 Sep 2010 ++ |
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| Invested | Price | Income | Total |
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| 3 months | 2.68% | 0.60% | 3.27% | | 6 months | 3.47% | 0.60% | 4.07% | | 1 year | - - | - - | - - | | 3 years | - - | - - | - - | | 5 years | - - | - - | - - |
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| Price History |
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| Fund Manager |
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| Errol Shear |
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| Fund Overview |
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Objectives: The Absa Managed Fund aims to maximize capital growth and income. The fund is actively managed and effective risk management will be achieved through divesification.
Benchmark: CPI + 6%
Investment universe: Equities between 0 – 75% although the fund is unlikely to go below 40%. Offshore between 0-20% and this amount will be managed between offshore cash and offshore equities. Cash and Fixed interest between 0 and 100%.
Fund rationale: Absa Asset Management have managed a life version of the fund successfully over the last few years and this fund aims to fill the gap for a long term, moderately aggressive investor, between the Absa Balanced Fund and the Absa Select Equity Fund. The fund is managed with the longer term investor in mind.
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| Top Holdings at end June 2010 |
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| Holding | % of Fund |
| ZAR Cash | 15.70% |
| NEDBANK LIMITED | 5.42% |
| ANGLO | 5.40% |
| MMI 201011 | 5.11% |
| MMI 201009 | 5.07% |
| ABSA BANK LIMITED | 4.86% |
| DBX WORLD | 3.39% |
| BATS | 3.04% |
| BHPBILL | 3.02% |
| REMGRO | 2.91% |
| Total % | 53.92% |
| Asset Allocation at end June 2010 |
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