Abax Balanced Prescient Fund
The Abax Balanced Prescient Fund is a domestic fund with a flexible mandate to invest across a wide range of local and offshore asset classes. The fund has a mandated maximum net equity exposure of 75% and a maximum net foreign exposure of 45%.
The funds primary objective is to outperform the peergroup (as measured by the ASISA Multi-Asset High Equity Unit Trust Mean).
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 January 2012.