Absa Select Equity Fund
MANAGEMENT Fund Manager's Comment
Stephen Arthur, BSc Eng. (Mining), CFA
Kurt Benn, BBus Sc (Finance), B Com (Hons), CFA
Kurt joined Absa Asset Managers as Head: Balanced Funds in August 2015. Kurt has 19 years of investment and asset management experience. Prior to joining ABSA, Kurt spent the last 8 years co-managing multi-asset funds at Cadiz Asset Management. He has also held senior analytical and portfolio management positions at several respected investment management companies including Sanlam Investment Management, BOE Asset Management and Old Mutual Asset Management.
FUND OBJECTIVES AND FOCUS

The fund aims to offer investors long-term capital growth by delivering a higher rate of return than the FTSE/JSE All Share Index through investments in selected JSE listed companies. Exposure to shares will exceed 75% of the fund at all times.


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WEBGRAPH
RANKING
SectorSouth African-Equity-General
SizeR3,046,208,541
Sector Rank: 92 out of 121
(lump sum over 3 years to 31 July 2017)
Overall Rank: 748 out of 818
(lump sum over 3 years to 31 July 2017)
R1000 invested on 31 July 2014 was worth R 1033 at 31 July 2017
( 1.08% annual compound return)
R100 per month since 31 July 2014 was worth R 3728 at 31 July 2017
( 2.25% annual return compounded monthly)
TECHNICAL OVERVIEW
Formation Date:23 FEB 2004 Holdings:50
Original Price:100 Pricing:Forward
Top Holdings on 31 July 2017
Share (Sector)No.Value% of Fund
SASOL (Chemicals)400,000160,032,000 5.25 %
BATS (Tobacco)168,863116,177,744 3.81 %
NASPERS-N (Media)58,202167,391,280 5.50 %
STANBANK (Banks)804,854177,067,880 5.81 %
UK C (For Currency)73,3341,218,924 0.04 %
ASPEN (Pharmaceuticals - Biotechnology)105,00027,336,750 0.90 %
BIDVEST (General Industrials)367,50782,413,445 2.71 %
CASH (Cash on call)045,858,631 1.51 %
MUSTEK (Technology Hardware - Equipment)20,821141,583 0.00 %
MTN GROUP (Mobile Telecommunications)1,173,488139,633,337 4.58 %
TOTAL R917,271,57430.11%

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