Absa Income Enhancer Fund
MANAGEMENT Fund Manager's Comment
Rehana Rungasamy, B Com, SAIFM
Rehana joined Absa Asset Management in May 2008 as a Fixed Interest Rate Dealer, where she assumed responsibility for the money market and bond trading. Previously, she worked for Stanlib Asset Management where she fulfilled different roles, starting out as a Trade Processing Manager before joining their Fixed Interest Rate trading desk as a money market Dealer. Rehana holds a Bcom degree specializing in Accounting and Economics from UNISA.
James Turp, B.Econ, SAIFM
James joined Absa Asset Management (ABAM) in December 2013 as Portfolio Manager for domestic bonds. He has a wealth of experience having spent 22 years working within local and international investment bank treasuries and at a parastatal treasury. The majority of his career has been focussed on fixed income market making and managing of a trading portfolio in South African fixed income products. Previous employers include Nedbank Capital, WestLB, Standard Bank and Eskom treasury.
FUND OBJECTIVES AND FOCUS

The Absa Income Enhancer aims to provide investors with a high interest income return over the short to medium term. The investable universe of the fund will include interest bearing and non-equity securities, including but not limited to bonds, cash deposits and money market instruments. Modified duration of the fund will not exceed 2 years.


Click here to Download CSV
WEBGRAPH
RANKING
SectorSouth African-Interest Bearing-Short Term
SizeR710,196,329
Sector Rank: 8 out of 20
(lump sum over 3 years to 31 August 2018)
Overall Rank: 189 out of 740
(lump sum over 3 years to 31 October 2013)
R1000 invested on 31 August 2015 was worth R 1264 at 31 August 2018
( 8.13% annual compound return)
R100 per month since 31 August 2015 was worth R 4085 at 31 August 2018
( 8.07% annual return compounded monthly)
TECHNICAL OVERVIEW
Formation Date:01 APR 1993 Holdings:20
Original Price:100 Pricing:Forward
Top Holdings on 31 October 2013
Share (Sector)No.Value% of Fund
U-ACOREIN (Income)87,356,28689,103,411 12.55 %
FRJ25 (Bond)40,000,00041,322,403 5.82 %
CASH (Cash on call)050,311,086 7.08 %
MM-11MONTH (Money Market)060,486,972 8.52 %
TOTAL R241,223,87233.97%

Send e-mail to
© 2018 SHARENET (PTY) Ltd, Cape Town, South Africa
Home     Terms & conditions    Privacy Policy
    Security Notice    Contact Details
Market Statistics are calculated by Sharenet and are therefore not the official JSE Market Statistics. The calculation/derivation may include underlying JSE data.