ABSA MM Absolute Return Prudential C2

Absa Multi-Managed Absolute Return Prudential Fund is a specialist type portfolio that will utilize diversified allocation of its investments across all classes of assets to achieve its objectives. The main objective of the portfolio will be to provide investors with capital growth over the long term with the aim to provide positive returns up to a level equal to the CPI plus 4 percentage points over a 36 month rolling period, at relative low volatility. A further objective will be to protect capital over a rolling twelve month period. Financial instruments will be utilized from time to time to reduce risk against equity market fluctuations and thus achieve its capital protection objectives.

Key stats

Management firm  ABSA Fund Managers
Domicile  South Africa
Global Branding Name  ABSA Fund Managers
12 month yield  3.18%
Fund currency  ZAR
Launch Date  2011-03-10
ISIN  ZAE000153979
Manager 1 Name  Sheetal Rama
Fund Strategy  ZAR/NAD Flexible Allocation
Benchmark  SA CPI (Headline)
Fund Structure  Unit Trust
UCITS 3 compliant  no

Performance/Volatility

Return Date  2014-11-30
Return - 1 Month  1.55%
Return - 2 Months  1.40 %
Return - 3 Months  1.52%
Return - 6 Months  3.51 %
Return - 9 months  6.75 %
Return - 12 Months  8.21%
Annualized return 24 months  8.62 %
Annualized return 36 months  9.13 %
Annualized return 48 months  0.00 %
Annualized return 60 months  0.00 %
Return 120 months  0.00 %
Annualized return since Inception  8.47%
Return YTD  7.12%

Ratings

Morning Star Rating Date   2014-10-31
Morning Star Rating - 36 Months  fund has a 2 star rating fund has a 2 star rating
Morning Star Rating - Overall  fund has a 2 star rating fund has a 2 star rating

Charges

Initial  0.00 %
Minimum Investment  R5,000
Maximum Managment Charge  1.03 %
Exit charge  0.00 %
Performance Fee  0.00 %

Contact

Contact Address  Block C, Ground Floor, 65 Empire Road
Contact Address 2  Parktown, 2193
Contact Address 3  PO Box 6115
Contact city  Johannesburg
Contact country  South Africa
Fund Admin Group  ABSA Fund Managers
Web Address  www.absa.co.za
Email contact  unittrust@absa.co.za
Phone  +27 11 4805000

Price

Last Price Date  2014-12-24
Pre-tax nav  1.29
Pre-tax offer  0.00
Pre-tax bid  0.00
Pre-tax mid  0.00
Post-tax nav  0.00
Post-tax offer  0.00
Post-tax bid  0.00
Price change  R0.00
Price change (percentage)  0.09 %
Guaranteed NAV  0.00000
Close Price  0.00

Funds Disclaimer

© 2011 - Morningstar UK Limited. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed (save (i) as incidentally necessary in the course of viewing it on-line (ii) in the course of printing off single copies of web pages on which it appears for the use of those authorised to view it on-line), or adapted in any way (3) is not warranted to be accurate, complete or timely. This Morningstar-sourced information is provided to you by GFM Ltd and is at your own risk. You agree that Morningstar and or GFM Ltd are not responsible for any damages or losses arising from any use of this information and that the information must not be relied upon by you the user without appropriate verification. GFM Ltd informs you as follows: (i) The information provided should not form the sole basis of any investment decision (ii) no investment decision should be made in relation to any of the information provided other than on the advice of a professional financial advisor; (iii) past performance is no guarantee of future results; and (iv) the value and income derived from investments can go down as well as up.
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Ratings Disclaimer

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