Abax SA Absolute Prescient Fund
The Abax SA Absolute Prescient Fund is a domestic fund with a mandate to invest across a wide range of South African asset classes. The fund has a mandated maximum net equity exposure of 40%.
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 October 2017.