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Absa Prime Equity Fund Summary Fact Sheet
South African--Equity--General
 
Technical Overview
Formation Date: 28 Sep 2001
Holdings: 23
Original Price: 100
Pricing System: Forward
 
Price (A - Class)
 
Management
Stephen Arthur, BSc Eng (Mining), CFA
Stephen joined Absa Capital in 2003 as an Investment Banker, and held positions in Corporate Finance and Private Equity. In 2006 he joined Absa Asset Management (ABAM) as a Resource Analyst responsible for all resources investments made by ABAM. A position he still holds today. In addition, he was appointed the fund manager of the Absa Rand Protector Unit Trust in June 2006, and the fund manager for the Absa Flexible Equity Unit Trust in June 2010. Stephen has over 20 years of investment and asset management experience. He has been employed by a number of investment companies including, Liberty Assets Management, Nedcor Investment Bank and Absa Asset Management. During this period he held positions as an equity analyst and portfolio manager, managing a number of unit trusts and pension fund portfolios.
 
Dale Hutcheson, BCom, Dip(Acc), HDip(Tax), CA(SA)
Dale Hutcheson joined Absa Asset Management on the 7th January 2008 as Industrial Analyst. After completing articles Dale left Deloitte & Touche in June 2002 to join Credit Suisse First Boston, which became Macquarie First South (MFS). Dale’s time at MFS was spent briefly as a financial manager, then as a HOLT specialist and lastly as an analyst. As a HOLT specialist Dale was involved in corporate consulting around financial performance measurement and consulting to the asset management community. As a HOLT specialist Dale also performed analysis and produced or contributed to fellow analyst research reports on the telecommunications, IT, electronics and engineering, platinum, gold, retail and food producer sectors. As an analyst at MFS Dale Hutcheson became a rated construction analyst while he also spent some time covering small caps and the hotel and leisure sectors. In November 2006 Dale joined Credit Suisse Standard Securities where he continued to cover the construction sector. Dale is a CA(SA) with a H(Dip) (Tax Law).
 
Ranking
Sector: South African-Equity-General
Fund Size: R536 658 821 (as at 31 Mar 2020)
Sector Rank: 53 out of 175
(lump sum over 1 years to 30 Jun 2020)
Overall Rank: 1036 out of 1319
(lump sum over 1 years to 30 Jun 2020)
R1000 invested on 30 Jun 2019 was worth R959.71 on 30 Jun 2020 (-4.03% annual compound return)
R100 per month since 30 Jun 2019 was worth R1 193.08 on 30 Jun 2020 (-1.07% annual return compounded monthly)
 
Please note that domestic fund performance figures are calculated on a NAV-NAV basis including dividends reinvested on the reinvestment date, ETFs are reinvested on the ex-div date.
   
Focus and Objective
The majority of the equity securities will be large capitalisation shares from the FTSE/JSE Top 40 index. The fund will predominantly invest in securities of an equity nature. Our equity investment process is primarily bottom-up stock-picking and valuation focused. The portfolios are managed in line with our pragmatic value investment approach, with the objective of providing real returns to clients.
 
Latest Fund Manager Comment / News
The Absa Prime Equity Fund is in the domestic equity large-cap sector and invest majority  ...more
 
News Archive
Click here for complete news archive for this fund.
 
Top Holdings on 31 Mar 2020
Share No Units Value (Rm) % of Fund
NASPERS-N 33 915 86.61 16.14%
BATS 82 051 49.12 9.15%
BHP 130 205 35.21 6.56%
ANGLO 96 116 29.25 5.45%
STANBANK 252 045 25.83 4.81%
Totals   226.01 42.11%
 
Comparative Performance
 
Portfolio Structure as at 31 Mar 2020
Click here for complete portfolio for this fund.
 
Dividend Data
Click here for Dividend History for this fund.
 
Fees and Charges
Click here for fees and charges for this fund.
 
Sectoral Information
Click here for Sectoral Information for this fund.
 


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