If you want to learn about the Absa global multi-asset feeder fund, check out this guide.
This fund aims to provide a sustainable level of income for the investors.
This fund allows you to invest in a broad range of assets worldwide, and you gain from the various sources of income.
We will first show you the requirements to apply for this fund.
What Are The Requirements
Below are the primary requirements to apply for the global multi-asset feeder fund:
- You need a valid ID document signed three times
- The ID card has to be on both the front and the back sides
- You need an unabridged birth certificate if you are below the legal age
- Proof of address not older than 90 days
- Your tax number or that of a guardian if you are a minor
These are the basic requirements to apply for the Global multi-asset feeder fund in South Africa.
Absa Global Multi-Asset Feeder Fund
This Is a medium to long-term investment that primarily invests in global equities and global fixed income securities directly or indirectly.
Your money is exposed to currency movement and market risk.
The structure of this fund is flexible that mainly invests in collective investment schemes (CIS)
The minimum opening deposit is R2 000, and you need to invest at least R200 every month.
You need to give a minimum of 48 hours’ notice to access your money.
The annual management fee is charged by unit reduction and is not included in the annual management fee.
All the fees included include VAT, and you can acquire the full fee disclosure from the manager upon request.
These are the features of the Absa global multi-asset feeder in South Africa.
What Is The Performance Of Absa Global Multi-Asset Feeder Fund
Investor performance differs per individual as a result of initial and ongoing fees.
The actual investment date, the date of reinvestment, and the dividend withholding tax affect the performance of an investment.
The commentary of this fund is provided every quarter.
This is all you need to know about Absa global multi-asset feeder fund in South Africa.