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Absa Smart Alpha Property Fund Summary Fact Sheet
South African--Real Estate--General
Technical Overview
Formation Date: 22 Jun 2015
Holdings: n/a
Original Price: n/a
Pricing System: Forward
Price (A - Class)
Fayyaz Mottiar, BEconSc, CFA
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.
Arshad Joosub, B.Comm
Sector: South African-Real Estate-General
Fund Size: R53 625 244 (as at 31 Mar 2019)
Sector Rank: 32 out of 46
(lump sum over 1 years to 30 Apr 2019)
Overall Rank: 1238 out of 1264
(lump sum over 1 years to 30 Apr 2019)
R1000 invested on 30 Apr 2018 was worth R894.13 on 30 Apr 2019 (-10.59% annual compound return)
R100 per month since 30 Apr 2018 was worth R1 176.75 on 30 Apr 2019 (-3.62% 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 Absa Smart Alpha Property Fund will be actively managed and will invest directly in individual property securities, however individual exposure can be gained from time to time to ensure efficient portfolio management.
The Absa Smart Alpha Property Fund will invest in listed South African property stocks with the intention of adding alpha to the Property index.
This fund is a quasi-passive fund which invests in securities predominantly through indices whilst generating Alpha using quantitative asset allocation techniques.
Securities to be included in the Absa Smart Alpha Property Fund will consist of non-equity securities, financial instruments only in the form of warrants, property equity and property-related securities listed on exchanges, securities listed in the Real Estate Sector on South African exchanges and property shares, property loan stock and participatory interests in Collective Investment Schemes in Property listed on South African exchanges. Non-equity securities in the currency of a country other than the Republic of South Africa, may only be included in this portfolio of it complies with an international rating equal to A or higher from Standard and Poor's and/or Moody's Investor Services Ltd, and /or Fitch Ratings Limited provided further that if the grading of an instrument differs between these rating agencies, the lower of the ratings will apply.
Apart from the above securities, the Absa Smart Alpha Property Fund may also include participatory interests of collective investment schemes registered in the Republic of South Africa or any other form of participatory interests of collective investment schemes or similar schemes operated in territories with a regulatory environment which is to the satisfaction of the manager and trustee of sufficient standard to provide investor protection at least equivalent to that in South Africa and is consistent with the investment policy.
Latest Fund Manager Comment / News
Absa Smart Alpha Property Comment - Sep 18
SA listed property, represented by the FTSE/JSE SA Listed Property Index, fell 3.48% in  ...more
News Archive
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Top Holdings on 31 Mar 2019
Share No Units Value (Rm) % of Fund
GROWPNT 314 300 7.68 14.31%
REDEFINE 751 713 7.29 13.60%
NEPIROCK 49 438 6.00 11.20%
RESILIENT 62 014 3.39 6.33%
HYPROP 48 029 3.39 6.31%
Totals   27.75 51.74%
Comparative Performance
Portfolio Structure as at 31 Mar 2019
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Dividend Data
Click here for Dividend History for this fund.
Fees and Charges
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Sectoral Information
Click here for Sectoral Information for this fund.

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