Absa Property Equity Fund
MANAGEMENT Fund Manager's Comment
Fayyaz Mottiar, BEconSc, CFA
Fayyaz started his financial markets career at Nedcor Investment Bank in 1998 where he worked as an equity derivatives trader. In 2000 he joined SCMB Asset Management s Equity dealing team and following the merger of SCMB Asset Management and Liberty Asset Management to form STANLIB, he was seconded to set up a new BEE asset management joint venture between STANLIB and SIMEKA, which specialised in tracker funds. In 2003 he joined STANLIB s fixed interest team as a Fixed Interest Dealer and Portfolio Manager. Fayyaz joined ABSA in 2007 and has been managing the listed property investments of the bank over the last 3 years in the Commercial Property Finance Private Equity division. Fayyaz moved into ABSA Asset Management in 2011 following an internal restructuring and continues to focus on listed property investments. Fayyaz has a Bachelor of Economic Science degree from the University of Witwatersrand and is a CFA charter holder.
FUND OBJECTIVES AND FOCUS

The fund aims to offer investors medium to long-term capital and income growth through investments in the SA property market, sector listed shares and unit trusts in property.


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WEBGRAPH
RANKING
SectorSouth African-Real Estate-General
SizeR3,134,643,605
Sector Rank: 1 out of 26
(lump sum over 3 years to 31 July 2017)
Overall Rank: 14 out of 818
(lump sum over 3 years to 31 July 2017)
R1000 invested on 31 July 2014 was worth R 1949 at 31 July 2017
( 24.91% annual compound return)
R100 per month since 31 July 2014 was worth R 4613 at 31 July 2017
( 15.60% annual return compounded monthly)
TECHNICAL OVERVIEW
Formation Date:14 AUG 2006 Holdings:13
Original Price:0 Pricing:Forward
Top Holdings on 31 July 2017
Share (Sector)No.Value% of Fund
GROWPNT (Real Estate Investment Trusts)12,811,260367,555,049 11.73 %
U-ABSAMM (Money Market)223,192,626223,192,626 7.12 %
CASH (Cash on call)085,873,016 2.74 %
TOTAL R676,620,69121.59%

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