The objective of the Old Mutual Money Market Fund is to generate total return through investing in a range of debt securities, fixed deposit instruments and near cash in the Kenyan market, while providing conservative risk exposure for investors.
Fund Objectives
The objective of the Old Mutual Money Market Fund is to generate total return through investing in a range of debt securities, fixed deposit instruments and near cash in the Kenyan market, while providing conservative risk exposure for investors.
Investment Portfolio
The securities to be invested in the Old Mutual Money Market Fund and their book value limits as authorized by the Act are:
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Securities issued by the government of Kenya - up to 80%
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Securities listed on a stock exchange in Kenya - up to 80%
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Off-shore deposits - up to 10% (this includes debt securities held in Dollar, Euro or Pound currencies)
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Near cash deposits - up to 10%
Risk Profile
This fund is suitable for the conservative low risk investor who would like to have a safe parking place for their funds.
It is ideal during times of stock market turbulence and uncertainty and perfect for investors who would like to benefit from the yield / interest earned while they await to achieve a goal in the new future for example: saving to buy a car etc. The client is advised to invest their money for at least a year.
Fund Prices
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The price of the Old Mutual Money Market Fund is Ksh 1 and remains static.
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The yield changes on a daily basis and is the interest portion earned daily by the assets purchased by the fund for the client.
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Interest is calculated on a daily basis, and credited to the client's account monthly.
Click here to view the Trust Deed (48 Mb)
Additional Purchases
You will be able to make additional purchases into your Old Mutual Fund Account. This may be completed in writing by filling out a Buying form. Please note: The minimum amount of paying monthly or topping up your investment is KSh 20,000.
Distribution
The Old Mutual Money Market fund will distribute income on a monthly basis. Income distributed in the Money Market fund consists of interest accrued from the purchased assets of the fund.
Returns
The returns vary according to the yield earned each month.
Fund Fact Sheets
Investors should expect to receive a monthly report for the Old Mutual Money Market Fund This report will review the investment activity and performance of the investment portfolio and any changes comprising the fund's portfolio.
The fact sheet is aimed at presenting the performance of the Old Mutual Money Market Fund on a monthly basis and to explain the management of the portfolio for the period covered.
The Old Mutual website will have copies of the most recent fund fact sheets and investors will be able to view past reports as well.
Click here to view the Fact Sheet |
