The fund complies with regulatory requirements for money market (“MM”) funds, investment policy, and the trust deeds. Credit Ratings, Research and Analysis for the global capital markets. Absa Money Market Fund Collective Investment Schemes (CIS) are generally medium to long-term investments. You are about to leave the Absa Bank of Uganda website. plus initial fees). View & analyze the 0P0000IR0Z fund chart by total assets, risk rating, Min. The value of participatory interests may go down as well as up and past performance is not necessarily a guide to future performance. Absa Bank Limited Swift Code: ABSA ZA JJ MMD. Find Bank Branch SWIFT Code using the below Lists. View mutual fund news, mutual fund market and mutual fund interest rates. GLOSSARY OF TERMS/ACRONYMS USED IN THIS … We use cookies to optimise the user experience. A Unit Trust pools money and invests in shares, bonds, money market instruments and other investments. Business News of Friday, 13 November 2020. Absa makes money on international transfers in two ways: Exchange rate markups. Your units increase in value as the fund’s overall performance improves. Absa Money Market Fund. Absa’s money market account has a minimum investment of R20 000. Absa Money Market Fund (0P0000IR0Z) Find basic information about the Absa Money Market Fund mutual fund such as total assets, risk rating, Min. Absa Money Market R STeFI Composite 100 110 120 130 140 150 Sep-12 Sep-13 Sep-14 Sep-15 Sep-16 Sep-17 The chart reflects the value (monthly data points) of a R100 investment made on the 01/10/2012 Absa Money Market Fund. ABMM | A complete ABSA Money Market Fund Unit Trust mutual fund overview by MarketWatch. Financial statements for Absa Money Market Fund at 31 December 2016; Corporate governance and enterprise risk framework; and; Industry comparative data and regulatory framework. Close. Wealth and Investment Management Duration Allocation-0,03% 10,93% 13,53% 17,98% 57,63% Cash 3 - 6 months 6 - 9 months 9 - 12 months 0 - 3 months Issuer Exposure (%) … Transaction fees. The first money market fund I used was ABSA's, until I discovered what they were charging me (0.57% p.a. 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 Money Market Fund / Page 1 of 2 . 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. Do i understand that there is still a minimum investment period of 3 months ? Stock analysis for Absa Bank Ltd (ABSP:Johannesburg) including stock price, stock chart, company news, key statistics, fundamentals and company profile. 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. Each unit has a price or Net Asset Value (NAV) based on the value of all the assets held in the fund. ABSA Money Market Fund Entity featured on Fitch Ratings. Please take note. The Absa Money Market Fund has continued to achieve remarkable growth over its twelve year existence, exceeding assets under management of R57* billion. 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 … All yields above are net of fees (ie, ex TER). Thoughts on ABSA's Money Market? 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