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NAV on 2021/03/01
NAV on 2021/02/26 100
52 week high on 2020/03/03 100
52 week low on 2020/03/03 100
Total Expense Ratio on 2019/06/30 0.7
Total Expense Ratio (performance fee) on 2019/06/30 0
Incl Dividends
1 month change 0% 0.22%
3 month change 0% 0.66%
6 month change 0% 1.72%
1 year change 0% 4.8%
5 year change 0% 7.27%
10 year change 0% 6.68%
Price data is updated once a day.
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  • Sectoral allocations
Liquid Assets 210.91 7.41%
Money Market 548.78 19.27%
Offshore 2087.52 73.32%
  • Top five holdings
MM-01MONTH 148.40 5.21%
MONEYMARK 101.15 3.55%
MM-03MONTH 79.22 2.78%
MM-27MONTH 70.00 2.46%
MM-02MONTH 60.00 2.11%
  • Performance against peers
  • Fund data  
Management company:
Old Mutual Unit Trust Managers (RF) (Pty) Ltd.
Formation date:
ISIN code:
Short name:
Namibian Call Rate



  • 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.

  • Fund manager's comment

Old Mutual Nedbank Namibia MM comment - Dec 19

2020/02/21 00:00:00
The money market curve remained relatively flat in the fourth quarter of 2019, with both long and short rates somewhat moderating, after two consecutive quarters of notable declines. On the short end the 3-month JIBAR ticked up slightly from 6.79% in the third quarter to 6.8% in the fourth quarter. The 12-month JIBAR rate decreased from 7.65% in quarter 3 to 7.642% in quarter 4. The spread between the 3- and 12-month JIBAR decreased marginally from 87 basis points (bps) to 84bps during the quarter.
The rand strengthened during the fourth quarter, amidst a fair amount of volatility, with a bullish bias compared to the US dollar. It weakened to 15.40 on 2 October and continued to strengthen from then on, finishing the quarter off at 14 spot to the US dollar. Overall, the rand gained quite some ground during the fourth quarter; though this strength is perceived by the market to be in disequilibrium in relation to the actual sentiment around the state of the South African economy. Eskom remains a risk to the South African economy‘s growth and it remains to be seen whether the appointment of the new CEO and the plans to split the entity into three separate entities will yield any positive results. The South African economy requires a concerted policy effort, effective deterring of corruption and structural changes for a path to sustainable recovery.
South African annual inflation (CPI) eased further to the end of November, reading at 3.6%, compared to 4.1% at the end of September. South African inflation continues to edge lower, being in a downward trend since the end of 2016. Namibian annual inflation also continued its downward trend, decreasing from 3.7% at the end of September 2019 to 3% end of November 2019. With the moderation of negotiable certificate of deposit (NCD) rates in the 9-12 month range and the marginal improvement in Namibian Treasury bill average yields we have added to our positions in Treasury bills. We continue to add to NCD positions in the belly of the curve, and opportunistically on the long end, notwithstanding the current lowyield environment. 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 an ideal safe haven during times of stock market turbulence. 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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