A fund that performs well relative to its peers in a down market deserves a closer look. ABSA Select Equity Fund is such a fund.
I have been following the development of ABSA Select Equity Fund for some time, and it's time for me to recommend it to investors who want to invest for longer term. It has outperformed the JSE All Share Index, and it seems to follow a very sound investment philosophy.
ABSA Select Equity Fund
Fund Manager: Errol Shear
Fund Size: R260m. Not a big fund, and the fund has not attracted a lot of attention, but I think as long as they do not change the fund manager, this fund will continue to perform well.
Friday, March 13, 2009
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