What is the fund objective?
The fund seeks to maximise interest income, preserve capital and provide immediate liquidity for investors. It will invest in a diversified portfolio of money market instruments.
The maximum term of instruments included will be limited to 13 months and the weighted average duration will not exceed 3 months.
The fund complies with Regulation 28 of the Pension Funds Act, 1956.v
What is the investment process?
We believe our overall investment philosophy and governance processes are among our key strengths. Our investment process is the means by which we map our philosophy about markets to a portfolio. We believe our process is well designed to exploit opportunities as they arise. We integrate risk management into the fabric of our investment process with the aim of protecting the assets that we manage for our clients. Our portfolios follow a disciplined methodology in the selection of equities, fixed income, cash, offshore and other instruments as is applicable to the fund’s investment mandate.
Why invest in in this fund?
The fund is suitable for investors requiring a competitive interest rate, with regular income distributions, capital preservation and liquidity in the short term.
How do I invest?
You will also need to review the relevant fund literature which can be found here.
If you are unsure if this fund is appropriate for your needs, speak to your financial advisor. Alternatively, if you do not require advice you can invest now.
Changes to the fund
Proposed Ashburton Money Market Fund mandate change
This communication serves to inform you of the proposed changes being implemented within the mandate of the Ashburton Money Market Fund (AMMF) in order to align to the needs of our investors.
The rationale for this mandate change is based on several prevailing factors and feedback from investors. It became necessary to begin reducing corporate credit exposure in the portfolio and place more emphasis on liquidity management.
We expect to have the ballot responses by 7 June 2021, and the effective date of the change will be 1 July 2021.
Click below for a detailed ballot letter:
||South African rand
Annualised performance since 2007:
*Hover on chart to see values