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Absa US Dollar Income Fund Summary Fact Sheet
Regional--Interest Bearing--Short Term
 
Technical Overview
Formation Date: 20 Nov 2006
Holdings: 9
Original Price: n/a
Pricing System: Forward
 
Price (A - Class)
 
Management
Juan Bekker, SAIFM
Juan joined ABAM in January 2008 and is responsible for the management of ABAM's largest fund, the ABSA Money Market Fund. He also manages the ABSA Income Fund along with other segregated fixed interest funds. Juan entered the asset management industry in 1989 when he joined Senbank Portfolio Management Services, in the fixed interest department. In 1994 he joined Liberty Asset Management where he was responsible for managing the Guard Bank Money Market Fund, along with segregated fixed interest funds. In 2001 Liberty Asset Management and Standard Bank Asset Managers merged to form Stanlib Asset Management, here he managed the Stanlib Institutional Money Market Fund, the Botswana Pula Money Market Fund, the Namibia Cash Plus Fund as well as segregated fixed interest funds.
 
Rehana Rungasamy, B Com, SAIFM
Rehana joined Absa Asset Management in May 2008 as a Fixed Interest Rate Dealer, where she assumed responsibility for the money market and bond trading. Previously, she worked for Stanlib Asset Management where she fulfilled different roles, starting out as a Trade Processing Manager before joining their Fixed Interest Rate trading desk as a money market Dealer. Rehana holds a Bcom degree specializing in Accounting and Economics from UNISA.
 
Ranking
Sector: Regional-Interest Bearing-Short Term
Fund Size: R28 459 721 (as at 31 Mar 2019)
Sector Rank: 3 out of 5
(lump sum over 1 years to 30 Apr 2019)
Overall Rank: 400 out of 1264
(lump sum over 1 years to 30 Apr 2019)
R1000 invested on 30 Apr 2018 was worth R1 077.38 on 30 Apr 2019 (7.74% annual compound return)
R100 per month since 30 Apr 2018 was worth R1 165.77 on 30 Apr 2019 (-5.35% 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
This rand denominated offshore fund aims to offer investors a consistent foreign income as well as hedging against a depreciating rand. Securities to be included in the fund will mainly consist of US Dollar denominated interest bearing securities. Both capital and interest will be exposed to currency fluctuations.
 
Latest Fund Manager Comment / News
Absa US Dollar Income comment - Sep 18
Federal Open Market Committee (FOMC) maintained its tightening monetary policy stance and  ...more
 
News Archive
Click here for complete news archive for this fund.
 
Top Holdings on 31 Mar 2019
Share No Units Value (Rm) % of Fund
Totals   0.00 0.00%
 
Comparative Performance
 
Portfolio Structure as at 31 Mar 2019
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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