Abax Absolute Prescient Fund
The Abax Absolute Fund is a domestic fund with a flexible mandate to invest across a wide range of local asset classes. The fund has a mandated maximum net equity exposure of 40% and a maximum net foreign exposure of 25%.
The funds primary objective is to outperform Inflation + 3% p.a. over rolling 3-year periods, without any negative 12-month periods.
The fund is domiciled in South Africa and conforms to CISCA regulations. The fund is suitable for retirement savings (regulation 28 compliant).
The fund was launched in February 2010.