This fund is recommended for risk-adverse investors wanting a short-term investment with protection from equity and bond market-type volatility, who need an inexpensive safe haven to house funds while earning above-inflation returns. The recommended investment horizon is one to 12 months.
South African - Interest Bearing - Money Market
STeFI Call Deposit Index
Yes
Roshen Harry and Sandile Malinga
09 April 2002
Investor Class (A): R50 000
Investor Class (A): n/a
Accrued daily, distributed monthly
| DATE | UNIT | YIELD |
No initial fees are charged
Investor Class (A): 0.35%
No Financial Adviser fee is charged
This fund aims to provide income above short-term bank deposit rates while preserving capital and liquidity. The performance objective is to beat the benchmark STeFI Call Deposit Index, while protecting investors’ capital in an absolute sense.
This fund invests in cash and a variety of other high-quality money market instruments with a maturity of less than 13 months. The fund is Regulation 28 compliant.
