An alternative to fixed deposits that targets yields similar to 9-12 month fixed deposits but with next day liquidity:
STeFI Plus Fund
The fund is ideal for strategic and core cash with a time horizon of greater than 3 months. Liquidity is T+1 with no penalties for early withdrawals. It invests in the same counterparties as the Corporate Money Market Fund but has exposure to slightly longer-dated instruments, hence the higher yield.

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Core Income Fund
The fund is ideal for committed cash with a time horizon of 3 to 12 months or more. Liquidity is daily under normal market conditions, with no lock-in of investor capital. It invests in the same high-quality bank issuers and government credit as a money market fund, but has exposure to longer-dated bonds, deposits and floating-rate notes, hence the higher yield.

*Indicative
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High Income Fund
The fund is ideal for strategic and core cash with a time horizon of greater than 6 months. Liquidity is T+1, although we would like investors to remain invested for a minimum of 6 months. The fund can best be described as a conservative and highly diversified investment-grade, floating-rate note, corporate credit fund.
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Diversified Income Fund
The fund is ideal for strategic and core cash with a time horizon of greater than 12 months. Liquidity is T+1, although we would like investors to remain invested for a minimum of 12 months. This multi-asset income fund aims to provide a high level of income while seeking opportunities to maximise capital growth. It has a capital protection bias and invests in a diverse range of instruments including money market, bonds, investment-grade credit, property, and currency (SA and offshore exposure).
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Stable Income Fund
The fund is ideal for strategic and core cash with a time horizon of greater than 12 months. Liquidity is T+1, although we would like investors to remain invested for a minimum of 12 months. This multi-asset income fund is Regulation 30-complient, making it suitable for medical schemes. It aims to provide a high level of income while seeking opportunities to maximise capital growth. It has a capital protection bias and invests in a diverse range of instruments including money market, bonds, investment-grade credit, property and currency (SA and offshore exposure).
*GCR credit rating to be affirmed post launch.