Ashburton Multi Manager Bond Fund

Investor profile

The fund is suited to investors seeking a regular income stream from their capital; with a moderate tolerance for capital volatility; seeking a fund where the core is managed by a combination of leading South African bond asset managers on a segregated managed basis, and seeking a fund with an investment term of two years or longer.

Investment objectives and strategy

The portfolio invests in assets in liquid form, high yielding non-equity securities and interest bearing securities and may invest in offshore investment. The portfolio's exposure to fixed income investments creates sensitivity to changes in bond yields. rising interest rates and inflation uncertainty. as well as exposure to economic. political and credit risk. For credit and income instruments, while unlikely, capital loss may occur due to an event like the default of an issuer. This fund has exposure to foreign investment funds and is thereby susceptible to currency risk and potential macroeconomic and political risks brought about by funds invested across various regions.

Changes to the fund

Proposed amalgamation of the Ashburton Multi Manager Funds with the FNB Multi Manager Funds

Our business has taken a decision to merge funds in the Ashburton Multi Manager Fund range with the FNB Multi Manager Funds. There is a ballot process currently underway and we would like to encourage all investors in these funds to participate. 

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Fund performance

ISIN ZAE000105797 Sedol Bloomberg
Currency South African rand Risk rating Moderate Domicile South Africa
Launch date 01/11/2007 Fund size 119.3400 m Dealing Daily
NAV 1026.4000 cents Daily change 0.39% Price date 08/04/2021
Annualised performance since 2007: 3.1%

*Hover on chart to see values