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Investment Fund
Fund Fact Sheet
Fund Overview
The fund is a money market fund with a very low risk profile. The fund’s main aim is to provide a stable and secure return to the conservative investor,
who does not wish to be affected by the volatility normally associated with the equity, property and international markets. The fund’s return will adjust in
accordance with the changes in short term interest rates. The fund is highly liquid and available on demand. Retirement Funds are not precluded from
investing in this fund. Monthly Income distributions. The fund’s benchmark is the Bank of Namibia 7 day Repo Rate.
Fund Detail
Sector Allocation
Date:
31-Jan-17
Fund Size:
2.09%
6,628,951,958.31
Fund Type:
Money Market
ISIN Code:
ZAE 000148805
Fund Duration:
Trustee / Nominees:
Benchmark:
21.96%
80 Days
Standard Bank Namibia
Bank of Namibia 7 day repo rate
Current Returns :
Fund return - effective p.a. before fees
9.12%
Return before fees (NACM)
8.76%
Return after fees (NACM)
8.26%
Return after fees after tax (NACM)
7.88%
Initial fee
0.00%
Annual Management Fee
0.50%
13.93%
Income may be capitalized or paid out monthly. No fees charged on
reinvestment of income
Minimum opening balance
62.02%
Namibian Banking
South African Banking
Namibian Government
South African Government
Namibian Corporate
Other
10 000
Minimum additional investment
Volatility Indicator
1 000
Low
Low - Mod
Mod
Mod-High
High
Historic Performance
10.00%
9.00%
8.00%
7.00%
6.00%
5.00%
4.00%
3.00%
2.00%
1.00%
0.00%
Feb-16
Mar-16
Apr-16
May-16
Jun-16
Jul-16
Aug-16
Investment Fund
Sep-16
Oct-16
Nov-16
Dec-16
Jan-17
Bank of Namibia 7 Day Repo Rate
Fund Comment
Investment Team
Tertius
Liebenberg
Ian
Erlank
Shaun
Namaseb
In neighbouring South Africa inflation continues to surprise on the up side with food price
inflation being the most resilient in the CPI basket. The December reading shows inflation
accelerating to 6.8% from 6.6% in November. Locally, inflation was unchanged at 7.3% in
December for the third month in a row. January saw little action from monetary policy setters
as both the Bank of Namibia and the South African Reserve Bank kept policy rates
unchanged at 7.0%. Our expectation is for a gradual stabilizing of policy rates with an
extended pause, the risk to the view remains the ongoing tensions within the South African
political arena. We have positioned the fund towards a longer duration, to take advantage of
the prevailing local market liquidity dynamics.
Contact Information
Enquiries:
Fax:
Physical Address:
+ 264 61 299 1950
+ 264 61 299 1959
119 Independence Avenue
4th Floor Capricorn House Windhoek