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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)
 
Management
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.
 
St John Bunkell, MSc Chem.Eng
St John has been with Absa Alternative Asset Management since September 2009; in this time he has been responsible for the strategic design and implementation of AAM's long only asset management business. He a portfolio manager on all equity funds and is integrally involved with the fixed income and balanced fund offerings. St John started his career in 1997 and has experience in risk management, structured solutions, asset management and hedge funds. He spend several years in London where he started Gensec UK structured products and worked in the pension fund environment. He has been largely responsible for the strategic alliance between AAM and the asset manager business of Barclays Capital (BCFS), having integrated Barclays Capital trading technology as well as being involved in several BCFS investments by South African Institutional clients. He is involved in the development and management of AAM's hedge fund offering.
 
Ranking
Sector: South African-Real Estate-General
Fund Size: R69 555 528 (as at 30 Sep 2017)
Sector Rank: 8 out of 40
(lump sum over 1 years to 31 Dec 2017)
Overall Rank: 80 out of 1176
(lump sum over 1 years to 31 Dec 2017)
R1000 invested on 31 Dec 2016 was worth R1 168.92 on 31 Dec 2017 (16.89% annual compound return)
R100 per month since 31 Dec 2016 was worth R1 348.39 on 31 Dec 2017 (21.37% 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 17
SA property, represented by the FTSE/JSE JSAPYTR Index, rose by 5.73%. SA equities,  ...more
 
News Archive
Click here for complete news archive for this fund.
 
Top Holdings on 30 Sep 2017
Share No Units Value (Rm) % of Fund
NEPIROCK 66 846 12.37 17.78%
GROWPNT 416 615 10.19 14.64%
RESILIENT 63 829 8.48 12.19%
FORTRESSB 186 561 7.27 10.45%
HYPROP 61 961 6.66 9.57%
Totals   44.96 64.63%
 
Comparative Performance
 
Portfolio Structure as at 30 Sep 2017
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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