Investment and Return Objective
The Fund aims to achieve returns above the STeFI Call Index and the average money market fund, while minimising the risk of any underperformance. Importantly, the Fund is managed conservatively and it aims to maintain capital stability and liquidity.
The Fund invests in cash, money market and high-quality capital market (nominal or real) instruments including structured notes. Fund performance can be generated from taking interest rate or duration views, yield enhancement via credit instruments and also via the use of derivatives. The average duration of the portfolio will not exceed 9 months (or 270 days) and the maximum single instrument maturity is limited to 36 months.
Who Should Invest
Investors seeking a liquid, low risk money market offering, with enhanced yields. This Fund is suitable for investors with short-term investment horizon and is Regulation 28 compliant.
Risk Indicator = Conservative
Risk Indicator Definition
These portfolios typically have exposure to a variety of interest bearing assets, resulting in higher interest yields and stable capital values with the probability of capital losses highly unlikely. These portfolios typically target returns in the region of 1% – 3% above inflation before tax over the long-term.