0 /
0%
100
NAV on 2021/04/12
| NAV on 2021/04/09 |
100 |
| 52 week high on 2020/04/15 |
100 |
| 52 week low on 2020/04/15 |
100 |
| Total Expense Ratio on 2020/12/31 |
0.48 |
| Total Expense Ratio (performance fee) on 2020/12/31 |
0 |
| Liquid Assets |
7.71 |
2.00% |
| Money Market |
358.00 |
92.84% |
| SA Bonds |
19.90 |
5.16% |
|
MM-03MONTH |
100.09 |
25.96% |
|
MM-01MONTH |
82.55 |
21.41% |
|
MM-04MONTH |
54.22 |
14.06% |
|
MM-05MONTH |
50.28 |
13.04% |
|
MM-06MONTH |
37.92 |
9.83% |
Management company:
H4 Collective Investments (RF) Pty Ltd. |
Formation date:
2019/07/08 |
ISIN code:
ZAE000273298 |
Short name:
U-MONCANN |
Risk:
Unknown |
Sector:
South African--Interest Bearing--Money Market |
Benchmark:
STeFI 3 Month NCD |
Adrian Saville
Adrian assumed the role of Citadel Chief Strategist after a joint venture between Cannon and Citadel in 2014. He offers tactical asset allocation input for client portfolios and is a disciple of fundamental investing. Adrian has been involved in the investment management industry since 1994, when he formed an investment vehicle which later led him to establish BayHill Capital Advisors in 1998, the forerunner to Cannon Asset Managers. As an executive director and Chief Investment Officer of Cannon Asset Managers, Adrian has experience in managing all of the major asset classes, including equities, bonds, property, cash and derivative instruments. Adrian was awarded the Economics Society of South Africa's Founders Medal for his PhD which he completed in 1997. He is a UNESCO laureate. Alongside his career in asset management, Adrian holds a Visiting Professorship in Economics and Finance at the Gordon Institute of Business Science.
Samantha Steyn
Cannon Money Market H4 Comment - Dec 19
2020/02/19 00:00:00
Investor sen..ment was upbeat in December, with markets rallying on the back of the Phase 1 trade deal between China and the US. The rand strengthened 4.8% against the US dollar during the month, on the back of an emerging market rally. While there was some short term op..mism in the local equity markets, real SA bond yields are close to 6%; compared to their 5 year average of 3.9% and 10 year average of 3.3% - reflec..ng a high degree of market pessimism.
Investors remain cau..ous and are wai..ng on the side-lines as they assess the upcoming budget in February; as well as key risks surrounding SOE’s. The South African Reserve Bank mee..ng in January is the next key event to monitor - as the possible reduc..on in interest rates would nega..vely affect cash returns. The fund con..nues to adhere to its policy.
3.1 The CANNON MONEY MARKET H4 FUND aims to generate income in excess of short-term bank deposit rates while preserving capital with a minimal level of volatility and a high level of liquidity. The CANNON MONEY MARKET H4 FUND is a low-risk fund. Capital gains will be incidental in nature.
3.2 The portfolio will comprise of money market instruments as defined by the Collective Investment Schemes Control Act 45 of 2002, and will be managed in accordance with prudential guidelines governing pension funds.
3.3 The portfolio will be allowed to invest in financial transactions for the swap of interest rates where the inclusion of such a transaction is utilized for the purpose of efficient portfolio management only.
3.4 Nothing contained in this clause shall preclude the manager from varying the proportions of securities in the portfolio due to the changing of economic factors or market conditions or from retaining cash in the portfolio and/or placing cash on deposit.
3.5 The trustee/custodian shall ensure that the investment policy set out in the preceding clauses is adhered to by the Manager.
3.6 For the purpose of this portfolio, the Manager shall reserve the right to close the portfolio to new investors on a date determined by the Manager. This will be done in order to be able to manage the portfolio in accordance with its mandate. The Manager may, once a portfolio has been closed, re-open that portfolio again to new investors on a date determined by the Manager.
