Objective and strategy

The Ashburton Namibia Income Fund is an actively managed income fund which is designed to deliver returns that are higher than that of a traditional money market unit trust fund. This fund differs from a money market fund due to the fact that the investment manager is able to invest in income generating instruments with a longer maturity than that of a traditional money market fund. The fund is generally overweight Namibian assets, to comply with the local asset requirement of 45%. The investment objective of the portfolio is to maximise the current level of income within the restrictions set out in the investment policy, while providing high stability of capital. Risks include political, economic and interest rate risks, default risk as well as general market risk which could lead to an increase in bond yields and credit risk.

Investor profile

This fund is suited for medium-term investors seeking a higher return than money market funds with a high degree of capital stability.

 

Why invest in the Ashburton Namibia Income Fund?

  • The fund has a low to moderate risk profile
  • Delivers returns that are higher than that of a traditional money market unit trust fund
  • Maximises the current level of income within the restrictions set out in the investment policy, while providing high stability of capital