Investor profile
The fund is suitable for investors requiring a competitive interest rate, with regular income distributions, capital preservation and liquidity in the short term. It is appropriate for corporate treasuries and other institutional investors.
Objective and strategy
The Ashburton Core Plus Income Fund seeks to maximise interest, preserve capital and provide liquidity to investors. It is intended to form a core part of an investor's long-term liquidity strategy of investors while outperforming its benchmark. The fund can acquire longer-dated bank issued (senior only) or bank guaranteed paper while maintaining a weighted average duration of less than 0.25.
Why the Ashburton Core Plus Income Fund
- Low risk and fees
- Higher returns than money market funds
- Stricter Pension Fund Regulation 28 limits are applied to this fund and exposure to any single bank is limited to 25%
- Next day liquidity
ISIN |
ZAE000313045 |
Sedol |
N/A |
Bloomberg |
|
Currency |
South African rand |
Risk rating |
Low |
Domicile |
South Africa |
Launch date |
10/08/2022 |
Fund size |
23.4500 m |
Dealing |
Daily |
NAV |
100.3721 cents |
Daily change |
0.03% |
Price date |
10/10/2024 |
*Hover on chart to see values