I got this email from Coronation: As you may be aware, the recent trading update released by African Bank has caused a collapse in the share price this week. In this regard, we want to confirm to you that the exposure to African Bank is not material in any of our client funds. Where held, equity exposure is very small and we have virtually no exposure to African Bank debt or money market instruments. Our flagship unit trust funds have the following total exposure (debt + equity) to African Bank: Coronation Money Market Fund: 0% Coronation Strategic Income Fund: 0% Coronation Balanced Defensive Fund: 0% Coronation Capital Plus Fund: 0% Coronation Balanced Plus Fund: 0.37% Coronation Top 20 Fund: 0.62% *% of total portfolio held in African Bank, as at close on 6 August 2014
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