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NAV on 2019/07/18
NAV on 2019/07/17 210.92
52 week high on 2019/07/18 210.96
52 week low on 2018/07/20 196.7
Total Expense Ratio on 2017/03/31 0.6
Total Expense Ratio (performance fee) on 2017/03/31 0
NAV Incl Dividends
1 month change 0.58% 0.58%
3 month change 1.77% 1.77%
6 month change 3.56% 3.56%
1 year change 7.29% 7.29%
5 year change 7.04% 7.04%
10 year change 6.39% 6.39%
Price data is updated once a day.
  • Sectoral allocations
Liquid Assets 156.12 4.99%
Offshore 2970.16 95.01%
  • Top five holdings
  • Performance against peers
  • Fund data  
Management company:
Old Mutual Unit Trust Managers (RF) (Pty) Ltd.
Formation date:
ISIN code:
Short name:
Composite index: 50% Alexander Forbes Short Term Fixed Interest (STeFI) Index, 50% Namibian call rate
Contact details




  • Fund management  
Tyrone van Wyk
Tyrone joined Old Mutual Investment Group Namibia (OMIGNAM) in January 2004 as an investment analyst.
As a member of the Namibian team, he is responsible for overseeing the Namibian investment processes and the overall performance of funds under management.
Prior to joining OMIGNAM, he was a trainee accountant at PricewaterhouseCoopers for three years.
Tyrone has seven years' experience in the asset management industry, and 10 years' experience in the financial services industry.
Yvonne Haitembu

  • Fund manager's comment

Old Mutual Nedbank Namibia Corp comment - Sep 18

2018/12/12 00:00:00
During the third quarter of 2018, the money market curve steepened, with the short end only increasing slightly, by four basis point (bps), compared to The 12-month JIBAR rate increasing 15bps.
The 12-month JIBAR rate ended the quarter at 8.28% from 8.13% in June and the benchmark three-month JIBAR ended at 7.00% from 6.96% at the end of June. The three- to 12-month JIBAR spread increased from 117bps to 128bps during the quarter.
It was a poor quarter for the rand, with the currency depreciating from R13.72 to R14.20 to the US dollar. The turning point was in February 2018 when the rand reached its strongest point of R11.57, before it weakened to R15.40 to the US dollar at the beginning of September. This sharp depreciation during the third quarter signalled to the market that the South African economy still requires structural changes before it will be on the path to sustainable recovery.
The South African consumer inflation rate steadily rose throughout the quarter ending at 4.9% in August, up from 4.4% in May 2018. Namibian inflation followed the same trend, increasing from 3.8% in May to 4.4% in August.
Given the spread widening between the three- and 12-month Treasury bill rates lately, we believe there is relative value at the longer end and in the belly of the curve, and will we continue to add to that position. Namibian Treasury bills continue to offer a particularly high pick-up to negotiable certificates of deposit (NCDs) and we are increasing our position in these. The fund’s outperformance of the benchmark continues.
  • Fund focus and objective  
The fund aims to deliver a regular income and to outperform bank deposits over time, while preserving capital.
This fund is suited to investors who want a liquid investment that delivers a regular income and/or maximum capital protection, but who understand that their investment is unlikely to keep pace with inflation if held in the long term. It is also suitable for investors wanting to reduce timing risks by phasing a lump sum into the stock market over time.
The fund invests in money market securities with a maximum average maturity of 180 days. At least 35% of the portfolio is invested in Namibian instruments.
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