The Absa Asset Management and Multi-Management teams came out tops at the 2018 annual Raging Bull Awards held in Cape Town last night.

In a ceremony held at The Avenue at the V&A Waterfront, the teams scooped two prestigious awards for the Absa Property Equity Fund and The Absa Multi-Managed Bond Fund.

This is the fourth year in a row that the Absa Property Equity Fund has walked away with the Raging Bull accolade for top performer on the basis of risk adjusted returns for a five-year period. The fund also won the certificate for top performance by a domestic collective investment scheme, Best South African Real Estate Fund.

The Absa Multi-Managed Bond Fund, which had an annualised return of 7,77% over a five-year period ending 2017, won the Raging Bull Award in the ASISA South African Interest Bearing Variable Term Category. This is the third time that the Absa Multi-Managed Investment team of fund managers Neville James and Sheetal Rama has achieved this honour in the last four years.

The Raging Bull Awards celebrates top performers in the industry across a range of Investment sectors. The Awards also acknowledge Investment Managers for top outright performers, best risk-adjusted performers as well as for best unit trust management companies.

According to Jonel Matthee-Ferreira, Head of Absa Multi-Management, “delivering consistent superior risk-adjusted investment performance for our clients is what builds long-term success and our core purpose. Our focus on diversification and being risk adverse has contributed to the performance.” The Absa Multi-Managed Bond Fund has a shorter duration than that of the All Bond Index.

Ann Leepile, Head of Absa Asset Management, said the property fund had performed well and at the top of its peer group through a variety of market conditions over the last five years. “Fund manager Fayyaz Mottiar lives and breathes this portfolio and that is evident in his stellar performance again this year.”            

ENDS

For further information, please contact:

Andile Makholwa
Absa Media Relations
011 846 8660
072 576 1999

Andile.Makholwa@absa.co.za

About Absa

Absa Bank Limited (‘Absa Bank’) is a wholly-owned subsidiary of Barclays Africa Group Limited, which is listed on the Johannesburg Stock Exchange and is one of Africa’s largest financial services groups. Absa offers a range of retail, business, corporate and investment banking and wealth management products and services primarily in South Africa and Namibia.

Barclays Africa Group operates in 12 countries, with approximately 40 000 employees, serving close to 12 million customers. As of June 2017, Barclays PLC is a minority shareholder in Barclays Africa Group.

We are committed to Shared Growth, which for us means having a positive impact on society and delivering shareholder value.

For further information about Absa, please visit our website www.absa.co.za