0 /
0%
100
NAV on 2021/03/02
| NAV on 2021/03/01 |
100 |
| 52 week high on 2020/03/03 |
100 |
| 52 week low on 2020/03/03 |
100 |
| Total Expense Ratio on 2020/12/31 |
0.58 |
| Total Expense Ratio (performance fee) on 2020/12/31 |
0 |
| Liquid Assets |
189.79 |
4.22% |
| Money Market |
4302.94 |
95.78% |
|
MM-02MONTH |
864.46 |
19.24% |
|
MM-03MONTH |
779.41 |
17.35% |
|
MM-01MONTH |
587.12 |
13.07% |
|
MM-06MONTH |
380.61 |
8.47% |
|
MM-05MONTH |
365.81 |
8.14% |
Management company:
Glacier Management Company Limited |
Formation date:
2001/05/02 |
ISIN code:
ZAE000030300 |
Short name:
U-INNOMMA |
Risk:
Unknown |
Sector:
South African--Interest Bearing--Money Market |
Benchmark:
STeFI Composite |
Donovan van den Heever
Johan Verwey
Glacier Money Market Fund Comment- Jun 13
2013/08/29 00:00:00
Inflation decreased from 5.9% to 5.6% year on year from the previous month. Inflation is expected to remain within the target range of 3% to 6% for an extended period. Risks to inflation remain evenly balanced.
The money market yield curve steepened during the month. The 3-month rate increased from 5.125% to 5.150% and the 12-month rate increased from 5.633% to 5.825%.
Treasury bills in the 91 days traded above the bank rates and credit spreads on short term corporate credit narrowed during the month.
Current forward rates suggest that the repo rate will remain unchanged for an extended period with the risk towards a rate hike going forward.
The fund may only invest in cash and money market instruments with a maturity not exceeding 13 months and a weighted average duration not exceeding 120 days. Money market instruments include bankers' acceptances, debentures, negotiable certificates of deposit, treasury bills and call accounts issued by government, parastatals, companies and banks.
