Absa Prime Equity Fund

Absa Prime Equity Fund, How It Works & Requirements

Are you interested to learn about the Absa prime equity fund in South Africa? Check out this guide.

The fund is actively managed and can grow your capital over the long term by actively seeking stocks that the market has undervalued.

The fund is in the domestic equity large-cap sector and mainly invests in large-capitalization shares from the FTSE/JSE Africa Top 40 Index.

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

What Are The Requirements

You can apply for this fund by filling out an application form https://www.absafinancialservices.co.za/UnitTrustApplication/?Fund=Absa-Prime-Equity-Fund.

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

  • You should have an electronic copy of a valid South African ID 

The ID document should have both the front and the back sides of the ID and be signed three times

  • You must 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
  • Proof of income like a bank statement if you are an Absa bank client

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

You can also contact the Absa funds department through 0860 111 456in case of queries.

These are the requirements to apply for Absa prime equity fund in South Africa.

Absa Prime Equity Fund

The fund is categorized under the South African EQ General industry category.

This fund predominantly invests in securities of an equity nature.

The equity investment used is bottom-up stock-picking and valuation-focused.

The portfolio is managed as per the pragmatic value investment approach to provide real returns to clients.

You, as an investor, have great exposure to the top 40 listed equity shares.

These are the features of the prime equity fund in South Africa.

What Are The Risks

The concentration of investments in specific areas, investment style and individual holdings may mean that the value of the fund may decrease while the broadly invested funds might grow.

The value of equities like shares may vary according to the company’s profits or future prospects.

Liquidity also poses a risk for this fund.

This is all you need to know about Absa prime equity fund in South Africa.

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