Absa Investment Management walked away with 2 awards at the 21st annual Raging Bull Awards held last night at Summer Place in Hyde Park, Johannesburg. This prestigious event acknowledges Fund Managers that consistently earn good returns for South African retail investors.
The Absa Property Equity Fund was recognised as the Best South African Real Estate Fund, for having the highest investment return over three years. The fund also took the award for the Best South Africa Real Estate Fund on a risk adjusted basis, this award considers risk measures, consistency measures and manager skill over three and five years. This is the third year in a row that the Fund, managed by Fayyaz Mottiar, has taken both awards in the category.
The Absa Property Equity Fund returned an exceptional 25.1% p.a. over three years and 23.4% p.a. return over a five year period ending 2016. Over ten years it is not only the best performing property fund in its peer group, but over the same time period, has been the best performing unit trust fund overall.
The Absa Property Equity Fund is a medium-risk investment offering and is a natural extension to traditional fixed-interest or income funds. It aims to offer investors medium to long-term capital and income growth through investments in the South African property market, sector listed shares and unit trusts in property.
Commenting on the win, Mottiar says, “our commitment to our investment philosophy and process, as well the underlying fundamentals of the business in the listed property space, have continued to contribute to our success”.
“We remain cautiously optimistic on the listed property sector for 2017 and expect those counters that have local currency earnings to outperform,” adds Mottiar.
“Winning Raging Bull Awards is a good measure of success, but for us, success is predominately measured in the quality outcomes for our clients, and this award certainly reinforces the pedigree of our investment house,” concludes Armien Tyer, Head of Absa Investment Management.