Absa Money Market Fund
MANAGEMENT Fund Manager's Comment
Juan Bekker, SAIFM
Juan joined ABAM in January 2008 and is responsible for the management of ABAM's largest fund, the ABSA Money Market Fund. He also manages the ABSA Income Fund along with other segregated fixed interest funds. Juan entered the asset management industry in 1989 when he joined Senbank Portfolio Management Services, in the fixed interest department. In 1994 he joined Liberty Asset Management where he was responsible for managing the Guard Bank Money Market Fund, along with segregated fixed interest funds. In 2001 Liberty Asset Management and Standard Bank Asset Managers merged to form Stanlib Asset Management, here he managed the Stanlib Institutional Money Market Fund, the Botswana Pula Money Market Fund, the Namibia Cash Plus Fund as well as segregated fixed interest funds.
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.
FUND OBJECTIVES AND FOCUS

This fund aims to deliver a higher level of income compared to fixed deposits and call deposits over the short to long term within stringent credit and liquidity parameters, while protecting the initial capital and providing immediate liquidity. The Fund achieves this by investing in high quality (of at least A1 rated) short-term money market instruments. The Fund has a maximum weighted term of 90 days.


Click here to Download CSV
WEBGRAPH
RANKING
SectorSouth African-Interest Bearing-Money Market
SizeR66,164,327,251
Sector Rank: 21 out of 27
(lump sum over 3 years to 31 July 2017)
Overall Rank: 330 out of 818
(lump sum over 3 years to 31 July 2017)
R1000 invested on 31 July 2014 was worth R 1217 at 31 July 2017
( 6.77% annual compound return)
R100 per month since 31 July 2014 was worth R 4011 at 31 July 2017
( 6.91% annual return compounded monthly)
TECHNICAL OVERVIEW
Formation Date:02 MAY 1997 Holdings:208
Original Price:100 Pricing:Forward
Top Holdings on 31 July 2017
Share (Sector)No.Value% of Fund
CASH (Cash on call)0496,393,467 0.75 %
MM-01MONTH (Money Market)020,521,630,104 31.02 %
TOTAL R21,018,023,57131.77%

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.