Absa Prudential Fund Of Funds

Absa Prudential Fund Of Funds, How It Works & Requirements

Read through this guide to learn about the Absa prudential fund of funds in South Africa.

The objective of this fund is to provide investors seeking a prudentially managed investment with steady capital growth, dividend income, and a reasonable level of interest income.

The fund also aims to provide stability of the capital invested.

The fund is under the SA Multi-Asset High Equity industry category, and the assets are overlooked by Absa multi-management.

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

What Are The Requirements

Below are the basic requirements to apply for this fund:

  • South African ID signed three times
  • birth certificate if you are below 18 years
  • proof of address such as a lease or rent agreement not older than three months 
  • your tax number or that of a guardian if you are not of the legal age
  • proof of income I you are not an Absa client

These are the requirements to apply for the Absa prudential fund of funds in South Africa.

Absa Prudential Fund Of Funds

The fund consists of participatory interests of collective investment schemes within the South African market, assets in liquid form, and other permitted non-equity securities.

The fund also includes participatory interests or participation in collective schemes or similar schemes operating in foreign territories.

The funds are managed following the guidelines set out in regulation28 of the pension funds act and are suitable for retirement funds investments.

The fund provides diversified exposure by investing across all asset classes.

The portfolio does not focus mainly on capital protection.

However, it focuses more on providing a medium for prudential investment that variably allocates assets according to market dictates.

This investment is ideal for investors who wish to save for retirement.

These are the features of the Absa prudential fund of funds in South Africa.

What Are The Risk

Inflation in interest rates may cause a decrease in the value of fixed-income investments like bonds.

 Multi-asset investment may have losses when markets underperform more focused funds.

The value of equities included in this fund may vary according to company profits, prospects, and general market factors.

This is all you need to know about Absa prudential fund of funds in South Africa.

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