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IconPARTICIPATION 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.

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From The Glossary »

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Cash Loss:

A provision in a proportional treaty which allows the ceding company to make a call on its reinsurer’s for payment of a loss, which exceeds a predetermined amount, in advance of the normal account date (usually quarterly).
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