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PARTICIPATION BOND MANAGERS

ABSA Mortgage Fund Managers (Pty) Ltd

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Tel: 011 480 5000
Fax: 011 480 5377
Postbox:
PO Box 61167
Marshalltown
2107
Scope:
Eastern Cape, Free State, Gauteng, KwaZulu-Natal, Mpumalanga, North-West, Northern Cape, Northern Province, Western Cape.

The Absa Participation Bond Fund is for any investor looking for a secure investment with an attractive income yield that is market-related and always competitive. It's for young and old, individuals or corporate bodies, trusts, charities, clubs, educational institutions and churches.

The Fund holds a portfolio of first mortgage bonds over commercial and industrial property. The Collective Investment Schemes Control Act lays down strict rules to protect your investment in the Fund. Also, your investment is managed by Absa Mortgage Fund Managers, a wholly-owned subsidiary of the Absa Group.

The yield on your investment moves up and down as market conditions change. You are assured of receiving a rate of interest that, at all times, compares very well with yields on alternative investments of comparable quality.

From The Glossary »

Net Premium Life Business:

The premium which, together with other similar premiums, along with investment income, will be exactly sufficient to pay all claims under certain specific assumptions as to mortality rates and interest yields. It does not provide for any expenses of administration nor for contingencies not contemplated in the basic mortality and interest assumptions. A level net premium is uniform in amount as between first and renewal policy years and hence makes ...
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