Absa Africa Equity Feeder Fund

Absa Africa Equity Feeder Fund, Requirements & Features

In our guide today, we will briefly look at the Absa Africa equity feeder fund in South Africa.

This fund aims to provide long-term capital growth through exposure to African equity securities of companies that are either domiciled in Africa or established in another continent but derive a significant proportion of the earnings from African countries.

This fund’s portfolio consists of exchange rate swaps, assets in liquid form, and participatory interest of the Absa Africa equity fund.

We will first show you the requirements to apply for this fund.

Requirements For Equity Feeder Fund

Below are the required documents to apply for the Absa Africa equity feeder fund in South Africa:

  • You must have an electronic copy of a valid South African ID that is signed three times

The ID document should have both the front and the back sides of the ID

  • You must have an electronic copy of your Unabridged birth certificate 
  • Proof of address older than 90 days 
  • Have a tax number or that of a guardian if you are not of the legal age
  • You must have proof of income like a bank statement if you are an Absa bank client

if you have any issues during the application or any enquiries, you can email Absa at utapplications@absa.co.za.

You can also contact the Absa funds department at 0860 111 456.

These are the requirements to apply for the Absa Africa Equity Feeder fund in South Africa.

Absa Africa Equity Feeder Fund

The Absa Africa equity fund, Also known as the master fund, is established under the Sanlam Universal Funds Plc.

The fund provides long-term capital growth through exposure to African equity securities.

This is done by investing in equity securities listed on recognized stock exchanges across Africa and equities listed or traded in recognized exchanges outside Africa.

The investment in securities in South Africa is limited to 20% of the net asset value of the Absa Africa equity fund.

This is how the Equity Feeder fund works in South Africa.

Features Of Equity Feeder Fund

We will now show you the features of this fund.

The fund is listed under the regional Equity General industry category and was first launched on 14th April 2014.

The minimum lump sum investment is R2 000, and the minimum monthly investment is R200.’the fund has currency risk relative to domestic equity investments and is, therefore, suitable for aggressive risk-profiled investors.

These are the unique features of the Absa Africa Equity Feeder fund in South Africa.

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