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Investec Money Market Fund
Investment objective
The Investec Money Market Fund aims to earn a higher level of income than fixed deposits and call deposits over time, while protecting capital and providing investors with immediate liquidity. The fund targets returns in excess of the STeFI 3-month money market index, measured over one year periods.
Strategy
The fund invests in a range of South African money market instruments. These assets include bankers’ acceptances, debentures, negotiable certificates of deposit, treasury bills and call accounts. The fund may only invest in money market instruments with a maturity of less than one year and its average duration may not exceed three months.
Fund features
- Capital preservation with minimal volatility
- Compelling alternative to current and savings accounts
- Ideal vehicle to “park” money short-term
- A highly liquid investment
- Lower volatility than traditional income and bond funds
Get more information about choosing a Money Market Fund
Key Facts
Portfolio managers:
Lisa Macleod and Vivienne Taberer
Launch date:
2 May 1997
Sector: Domestic FI
Money Market
Size of fund: R15.6 billion
Benchmark:
STeFI 3 Months
Minimum investment: R50 000 lump sum or R1000 monthly debit order
Fees
| R Class | |
| Initial advisor fee | 0% |
| Annual management fee | 0.50% |
Total expense ratio (TER)*
The TERs for this fund (R Class) is 0.58%. TERs includes VAT.
Income distribution dates
Monthly