Although financial investments are becoming increasingly international, their currency denomination should become increasingly local to match projects’ risk profiles. Fund Sizes marked with a plus sign (+) are based on the value at the end of the previous quarter. Absa Money Market Fund. The fund is managed by Absa Investments. GLOSSARY OF TERMS/ACRONYMS USED IN THIS … Fund profile: Absa Money Market Fund (“Absa MMF”, “the fund”), which has a fixed income mandate executed in favour of its retail and institutional/corporate investors, seeks to maximise interest income whilst preserving capital and offering same day liquidity. Wealth and Investment Management Duration Allocation 9,88% 13,96% 15,84% 17,82% 42,43% Cash 3 - 6 months 9 - 12 months 6 - 9 months 0 - 3 months Issuer Exposure (%) Absa Group Ltd 23.69 Standard Bank Group 20.65 Nedcor Ltd 20.07 Investec Ltd 18.02 Firstrand Bank Ltd 17.48 Republic of South Africa 0.07 Duration Information Weighted average duration 100 Modified … Please take note. The exchange rate you get for your transfer is different to the mid-market rate. Thoughts on ABSA's Money Market? Absa Money Market Fund / Page 1 of 2 . Absa’s money market account has a minimum investment of R20 000. Absa Money Market Fund Collective Investment Schemes (CIS) are generally medium to long-term investments. Credit Ratings, Research and Analysis for the global capital markets. The Absa Africa Financial Markets Index evaluates financial market development in 23 countries, and highlights economies with the most supportive environment for effective markets. Close. Thread starter thestaggy; Start date May 29, 2018; thestaggy Honorary Master. Also known as the interbank rate, the mid-market rate is the “true” exchange rate at which banks buy and sell currency to and from one another. The content of the website you are visiting is not controlled by Absa. Joined May 11, 2011 Messages 17,869 … Investment Management Asset Allocation (%) Cash/Money Market 100.00% Duration Allocation 12+ months 0.92% 9 - 12 months 11.15% 6 - 9 months 19.13% 3 - 6 months 4.29% … ;<5.6< Investment amount Minimum Initial Investment: R 1 000 000.00 Minimum Ad Hoc Investment: R100 000.00 I P. Fund code Fund name % AbMM Absa Money Market Fund AM Y Absa Managed Yield Occupation Source of Funds If other, please specify Salary Savings/Investment Policy Inheritance Donations/Gift Other Complete Non-individual Client … Fluctuations or movements in exchange rates may cause the value of underlying international investments in a fund to move up or down. Absa Money Market Account C 1 I -.<*24; L 26>. Your units increase in value as the fund’s overall performance improves. The Absa Africa Financial Markets Index evaluates financial market development in 23 countries, and highlights economies with the most supportive environment for effective markets. The first money market fund I used was ABSA's, until I discovered what they were charging me (0.57% p.a. Absa Core Income Fund : Opening deposit of R2 000; Invest R200 per month; Higher level of income than money market unit trust funds; Minimum 48 hours’ notice to access your money… Wealth and Investment Management Duration Allocation 4,11% 13,21% 15,94% 18,23% 48,58% Cash 9 - 12 months 6 - 9 months 3 - 6 months 0 - 3 months Issuer Exposure (%) 0,08% 18,22% 18,86% 19,26% 21,28% 22,31% Republic of South Africa Nedcor Ltd Investec Ltd Standard Bank Group Firstrand Bank Ltd Absa Group Ltd Duration Information Weighted average duration 100 … The aim is to show present positions, as well as how economies can improve market frameworks to bolster investor access and sustainable growth. The fund complies with regulatory requirements for money market (“MM”) funds, investment policy, and the trust deeds. In addition, we keep you informed about the local and global foreign exchange and money markets. Financial statements for Absa Money Market Fund at 31 December 2016; Corporate governance and enterprise risk framework; and; Industry comparative data and regulatory framework. Learn about the fund's agencies rating and risk rating, transparent information about the fund's management personal, policies of invested allocation and diversification, past performance. Absa Money Market Fund. The pool is then divided into equal portions called units. Get Swift code BIC code of Absa Bank Limited Money Market Branch branch in Johannesburg city, of South Africa country along with address and contact phone numbers, scroll down. The Absa Money Market Fund for August will reflect a 0% interest rate for 11 August 2014, as well as a reduction in the actual Rand value. Q: I will soon have between R390 000 to R405 000.Tell me more about ABSA money market options and rates please. Each unit has a price or Net Asset Value (NAV) based on the value of all the assets held in the fund. Tell me more. Do i understand that there is still a minimum investment period of 3 months ? Wealth and Investment Management Duration allocation Impumelelo Issuer exposures (%) Absa Group Ltd 25.13 Nedcor Ltd 23.46 Investec Ltd 19.25 Standard Bank of SA 15.96 FirstRand Bank Ltd 12.57 3.63 Société Générale 0.00 Duration information Modified duration 0.25 years Weighted average duration 93 days Quarterly fund commentary as at 30 June … A Unit Trust pools money and invests in shares, bonds, money market instruments and other investments. Please note: Money market funds marked with an asterisk (*) are Regulation 28 compliant. I then switched to using Allan Gray's Money Market Fund which was one of the cheapest when I started and I consider Allan Gray to be solid to be solid, and I still make extensive use of it, because of its convenience, having investments on the Allan Gray platform. Performance charts for ABSA Fund Managers - Money Market Fund (ABSAMMK - Type MMF) including intraday, historical and comparison charts, technical analysis and trend lines. Absa Money Market Fund (0P0000IR0Z) Find basic information about the Absa Money Market Fund mutual fund such as total assets, risk rating, Min. investment, market cap and category. Global Credit Ratings (“GCR”) has accorded the above fund rating to Absa Money Market Fund (“Absa MMF”, “the fund”), key features of which are summarised below. The rating above was solicited by, or on behalf of, Absa Asset Management Proprietary Limited, and therefore, GCR has been compensated for the provision of the ratings. Find our live Absa Money Market Fund fund basic information. Absa Money Market R STeFI Composite 100 110 120 130 140 150 Jun-15 Jun-16 Jun-17 Jun-18 Jun-19 Jun-20 The chart reflects the value (monthly data points) of a R100 investment made on the 01/07/2015 Absa Money Market Fund. We use cookies to optimise the user experience. plus initial fees). Feb 11 - Fitch Ratings has assigned Absa Money Market Fund a 'AA+(zaf)' National Fund Credit Rating and a 'V1(zaf)' National Fund Volatility Rating. Absa Asset Management had total AUM of ZAR119bn as of end-March 2016, with the Absa Money Market Fund representing approximately half of the total. Absa Group Ltd. said it’s unlikely to pay an ordinary dividend this year as the South African bank conserves cash to deal with the economic fallout from the coronavirus pandemic. View mutual fund news, mutual fund market and mutual fund interest rates. Business News of Friday, 13 November 2020. The Absa Money Market Fund has continued to achieve remarkable growth over its twelve year existence, exceeding assets under management of R57* billion. Stock analysis for Absa Bank Ltd (ABSP:Johannesburg) including stock price, stock chart, company news, key statistics, fundamentals and company profile. ABSA Money Market Fund Entity featured on Fitch Ratings. Absa Africa Financial Markets Index highlights some important achievements on the continent, but also the large variation across countries and the major opportunities yet to be marshalled. Source: ABSA 2020-11-13 Ghana records highest jump in Absa Africa Financial Markets Index - 2020 View & analyze the 0P0000IR0Z fund chart by total assets, risk rating, Min. Absa Bank Limited Swift Code: ABSA ZA JJ MMD. Find Bank Branch SWIFT Code using the below Lists. ABMM | A complete ABSA Money Market Fund Unit Trust mutual fund overview by MarketWatch. All yields above are net of fees (ie, ex TER). You are about to leave the Absa Bank of Uganda website. Transaction fees. Absa makes money on international transfers in two ways: Exchange rate markups. The Absa Money Market Fund seeks to maximise interest income, preserve capital and provide investors with liquidity. Absa. 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