The Fund aims to provide a return in excess of the returns typically provided by money market funds
The Fund will also seek to maintain a high degree of liquidity (ability to convert investments to cash easily) and capital preservation. However, this is not guaranteed
The Fund invests primarily in short term money market instruments (tradable securities where money can be invested for short periods) but will have the opportunity to buy longer dated fixed income securities (contracts to repay borrowed money which typically pay interest at fixed times) should the market conditions permit
Aims to provide a low exposure to risk
Other investments may include the units of other funds and those eligible securities not listed on a recognised stock exchange. Investment in derivatives may be used for hedging and efficient portfolio management purposes and will not be used to leverage or gear the fund
Fund features
Designed for investments of six months and longer, and includes only investment-grade credit
Seeks to provide lower volatility than traditional income and bond funds, but higher volatility than money market funds
The Fund is a short term money fund and while it aims to preserve capital, this is not guaranteed
Lisa MacLeod
Portfolio Manager
Lisa is a portfolio manager within the South African Rates team at Ninety One responsible for...
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