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 Managementís 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 STANLIBís 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.
South African-Real Estate-General
R4 318 214 205
5 out of 40 (lump sum over 1 years to 31 Jan 2018)
831 out of 1176 (lump sum over 1 years to 31 Jan 2018)
R1000 invested on 31 Jan 2017 was worth R1 063.06 on 31 Jan 2018 (6.31% annual compound return)
R100 per month since 31 Jan 2017 was worth R1 171.57 on 31 Jan 2018 (-4.43% 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 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.
Absa Property Equity comment - Sep 17
Monday, 20 November 2017
The fund delivered a total return of 10.15% for the third quarter of 2017. This equates ...more
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