It gives us great pleasure to announce that the Absa Asset Management team once again dazzled at the 2019 edition of the Morningstar Fund Awards recently held in Cape Town.
Managed by Eben Mare and Kanyisa Ntontela, the Absa Inflation Beater Fund took the top spot in the Multi Asset Low-Equity category. The Inflation Beater Fund is a specialist fund that invests in South African markets, participating in active asset allocation in equities, income-bearing and fixed-interest instruments and inflation-linked bonds. It endeavors to exceed general national inflation levels over the longer term without undue risk exposure to the investor. Its performance has been impressive given the tough market conditions we have experienced. However, in this harsh economic environment, the team maintained their poise as a quality investment house.
The Absa Bond Fund managed by James Turp also came in as a runner-up in the Bond Fund category, further evidence that delivering consistent superior investment performance for our clients is what builds long-term success.
The annual Morningstar Fund Awards recognise funds and fund houses that added the most value for investors within the context of their relevant peer group in 2018 and over longer time periods.
This latest achievement comes hot on the heels of the Raging Bull Awards, where the Absa Property Equity Fund was acknowledged for its consistent performance and delivery of solid returns at the Raging Bull Awards.
Please join us in congratulating our dedicated Investment teams on these outstanding results!