Absa General Fund
MANAGEMENT Fund Manager's Comment
Errol Shear, B.Bus.Sc (Finance) (Hons), CA (SA), CFA
Errol completed his articles at Ernst - Young and joined LIBAM in 1985, where he assumed responsibility for research into many of the large capitalisation shares on the Johannesburg Stock Exchange, and later a wider range of investment portfolios at LIBAM. Errol is the Chief Investment Officer at Absa Asset Management since 2006. He is responsible for managing various Absa unit trust funds as well as certain institutional segregated portfolios and pension funds

The fund aims to offer investors medium to 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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SectorSouth African-Equity-General
Sector Rank: out of 0
(lump sum over years to 31 DEC 2013)
Overall Rank: out of 0
(lump sum over years to 31 DEC 2013)
R1000 invested on was worth R at
(% annual compound return)
R100 per month since was worth R at
(% annual return compounded monthly)
Formation Date:01 APR 1991 Holdings:79
Original Price:100 Pricing:Forward
Top Holdings on 31 DEC 2013
Share (Sector)No.Value% of Fund
SASOL (Chemicals)230,000118,335,000 6.13 %
RICHEMONT (Personal Goods)1,400,000146,412,000 7.58 %
MRPRICE (General Retailers)475,00077,776,500 4.03 %
LESRNET (Leisure Facilities)800,0001 0.00 %
STANBANK (Banks)600,00077,652,000 4.02 %
ADCOCK (Pharmaceuticals - Biotechnology)1,000,00070,900,000 3.67 %
REMGRO (General Industrials)400,00083,128,000 4.30 %
CASH (Cash on call)055,895,241 2.89 %
NASPERS-N (Software - Computer Services)200,000219,202,000 11.35 %
MTN GROUP (Mobile Telecommunications)370,00080,297,400 4.16 %
TOTAL R929,598,14248.13%

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