Prudential Namibian Money Market Fund

LATEST YIELD

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Who Should Invest

This fund is recommended for risk-adverse investors wanting a short-term investment with protection from equity and bond market-type volatility, who need an inexpensive safe haven to house funds while earning above-inflation returns. The recommended investment horizon is one to 12 months.

RISK PROFILE

Low Risk

Investment Objective

This fund aims to provide income above short-term bank deposit rates while preserving capital and liquidity.

  • INCOME
  • LOW RISK
  • SHORT TERM

Details

Performance

All returns quoted are A-Class after fees and charges

Min Lump Sum

Investor Class (A): N$10 000

Morningstar Category

Africa Money Market

Benchmark

IJG Call Index

Inception Date

12 March 2010

Income declaration

Accrued daily, distributed monthly

Yield

DATE UNIT YIELD

Fees

Initial Fees (excl. VAT):

No initial fees are charged

Annual Management fees (excl.VAT):

Investor Class (A): 0.50%

  • FUND RETURN

  • BENCHMARK RETURN

  • OUTPERFORMANCE

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Fund Management Approach

This fund invests in cash and a variety of other high-quality money market instruments with a maturity of less than one year. The weighted average maturity of the underlying assets may not exceed 90 days.

FUND MANAGERS

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