Today we will briefly discuss the Absa inflation beater fund in South Africa.
This is a conservatively managed low equity multi-asset fund targeting a stable above inflammation return for its investors.
The investment has been operational since 2002, and for the past six five years, it has delivered a gross fees performance of 9.4% annually.
The fund February 2021 was awarded the 2020 Raging Bull Award for the Best South African Multi-Asset Equity Fund on a risk-adjusted basis over five years.
We will first show you how to apply for this fund.
How To Apply For Beater Fund
To apply for this fund, you can fill out an application form online through utapplications@absa.co.za.
You can also contact Absa on 0860 111 456.
Before filling out the application form, you need to produce the following documents:
- You should have a valid ID signed three times
- A birth certificate if you are not of the legal age
- Proof of address such as a lease or rent agreement not older than 90 days
- Submit your tax number or that of a guardian if you are not of the legal age
This is how you apply for the Absa inflation beater fund in South Africa.
Absa Inflation Beater Fund
The minimum you can invest with this fund is R1 000, and the minimum contribution per month is R100.
The least period you can invest with the inflation beater fund is three years.
This fund is therefore ideal for medium to long-term investment plans.
The major objective of this fund is to protect your capital and provide consistent positive returns above inflation.
The fund focuses mainly on capital protection and offers diversification by exposing multiple asset classes.
This fund is suitable for investors who need capital stability and steady capital growth.
These are the features of the inflation beater fund in South Africa.
What Is The Inflation Beater Fund Strategy In South Africa
The funds use an active asset allocation strategy.
They invest in shares, income-bearing instruments, and fixed interest instruments with major exposure to inflation-linked bonds.
Most of the inflation beater fund is invested in South African fixed-income assets like bonds, gilts, and corporate bonds.
The shares for the investment are limited to 20%of the portfolio.
This is all you need to know about the Absa inflation beater fund in South Africa.
