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

Approval on the amalgamation of the Ashburton Multi Manager Funds with the FNB Multi Manager Funds  

As of 3 May 2021, the Ashburton Multi Manager Funds and Ashburton Wealth Management Solution Funds established under the Ashburton Collective Investment Scheme will be known as the FNB Multi Manager Funds managed under the FNB Funds Collective Investment Scheme.

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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 109.6700 m Dealing Daily
NAV 1026.7600 cents Daily change -0.57% Price date 30/04/2021
Annualised performance since 2007: 3.1%

*Hover on chart to see values