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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)
Aaron Masina, BCom (Stats, Eco), CFA
Aaron joined Prescient Securities in 2003 as derivatives dealer and research analyst after completing his RPE exams with responsibilities in the portfolio protection strategies area. He later joined Prescient Investment Management in an index tracking role. At the beginning of 2006, he joined Vunani Fund Managers (formerly Peregrine Quants) in a portfolio manager role, encompassing all asset classes and also performed the role of a backup dealer. Aaron was awarded the right to use the CFA Charter in 2010 after he successfully passed all 3 exams and complied with other requirements. After being part of a team that endeavoured to start their own investment boutique towards the end of 2010; Aaron joined Absa Alternative Asset Management in 2011 as a portfolio manager and is currently responsible for Fixed Interest and Property strategies and their related hedge fund and passive strategies.
Chris Watts, B.Bus Sci (Hons), CFA, FRM
Chris joined Man Galileo Investment Management in 2006 (a credit arbitrage hedge fund based in the UK) as an analyst responsible for portfolio financing and analysis. Later, he joined Cairn Capital as an analyst focusing on hedge fund restructuring. In 2009 he moved to Absa Alternative Asset Management ("AAM") as a structured product specialist focusing on developing, structuring and trading products across multiple asset classes. Chris is responsible for managing AAM's multi-asset and absolute return portfolios.
Suvarn Naidoo, B.Sc (Actuarial Science), FRM
Sector: South African-Real Estate-General
Fund Size: R45 469 803 (as at 30 Sep 2018)
Sector Rank: 44 out of 45
(lump sum over 1 years to 31 Dec 2018)
Overall Rank: 1230 out of 1232
(lump sum over 1 years to 31 Dec 2018)
R1000 invested on 31 Dec 2017 was worth R699.66 on 31 Dec 2018 (-30.03% annual compound return)
R100 per month since 31 Dec 2017 was worth R1 093.68 on 31 Dec 2018 (-17.23% 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 30 Sep 2018
Share No Units Value (Rm) % of Fund
GROWPNT 404 093 9.37 20.62%
NEPIROCK 51 335 6.55 14.39%
REDEFINE 585 062 5.86 12.89%
VUKILE 148 807 2.99 6.57%
RESILIENT 43 085 2.50 5.50%
Totals   27.27 59.97%
Comparative Performance
Portfolio Structure as at 30 Sep 2018
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Dividend Data
Click here for Dividend History for this fund.
Fees and Charges
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Sectoral Information
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