Absa Euro Income Fund Fact Sheet

Fund Details
Fund Sector
Regional – Interest Bearing – Short Term
Assets Under Management (R m) (Mar 2019)
R6 R 25 416.6%
Number of Accounts (Mar 2019)
400 70 17.5%
Fund Asset Allocations (R m)
Sector Mar 2019 Dec 2018
Equities R 0 R 0
    Local    R 0    R 0
    Foreign    R -    R -
Cash Instr. R 6 R 31
    Local    R 5    R 2
    Foreign    R 1    R 29
Property R 0 R 0
On FoF R 0 R 0
Fund Investment Aims, Objective and/or Universe
The Absa Euro Income Fund will be an income fund with its primary objective to provide the investor with a consistent foreign income that is higher than deposits in Euro-trading banks in the form of interest as well as currency rate movement income opportunities over the short to medium terms.The Absa Euro Income fund is a rand denominated income fund, which invests in Euro- denominated interest-bearing securities.

Both capital and interest will be exposed to currency fluctuations.The majority of the securities included in the fund will consist of foreign non-equity securities denominated in European Union euro.Capital invested in Euros will be protected whilst its movement against the Rand could be speculative at a medium to high risk to investors.The fund will purchase securities in Euro currency but the participatory interests of the fund will be denominated in South African Rand.
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