In our guide today, we will show you the Absa multi-manager growth fund of funds in South Africa.
The fund aims to provide an investor with a total return above the Cpi index of 6% per annum on a rolling 60-month period over the medium to long term.
It also aims to avoid any negative period over a rolling twenty-four-month period while at all times remaining within the guidelines of prudential funds.
We will show you the features of this fund.
Requirements For The Multi-Managed Growth Fund Of Funds
You can fill out an application form online by clicking on this link https://www.absafinancialservices.co.za/UnitTrustApplication/?Fund=Absa-Managed-Fund.
Below are the required documents to apply for the fund in South Africa:
- You should have an electronic copy of a valid South African ID
- Have an electronic copy of your birth certificate if you are a minor
- Proof of address older than 90 days
- Tax number or that of a guardian if you are not of the legal age
- Have proof of income like a bank statement if you are an Absa bank client
These are the requirements to apply for the Absa multi-managed growth fund of funds in South Africa.
Features Of Multi-Managed Growth Fund Of Funds
This fund offers diversification in asset classes, geographic areas, currencies, and investment strategies.
It seeks to achieve actual target returns over specific periods.
The fund combines the collective expertise of selected asset managers with proven track records.
The funds can be applied based on considerations relating to time, risk, and target returns.
The funds are suitable as a holistic or core long-term portfolio solution.
These are the features of the Absa multi-managed growth fund of funds in South Africa.
What Are The Specific Risks
A decrease in interest rates and inflation affects the returns from this fund.
The fund may face financial losses in multiple markets and underperform more focused funds.
Investments in property securities have almost the same risks as investing directly in real estate.
When dealing with the property, the prices may rise and fall in response to local, regional, and national economic and political conditions, interest rates, and tax considerations.
Equity investment also varies according to company profits and prospects.
This is all you need to know about Absa’s multi-manager growth fund of funds in South Africa.