0 /
0%
100
NAV on 2019/11/14
| NAV on 2019/11/13 |
100 |
| 52 week high on 2018/11/16 |
100 |
| 52 week low on 2018/11/16 |
100 |
| Total Expense Ratio on 2013/09/30 |
0.55 |
| Total Expense Ratio (performance fee) on 2013/09/30 |
0 |
| Liquid Assets |
2.43 |
0.32% |
| Offshore |
762.78 |
99.68% |
Management company:
Prudential Portfolio Managers Unit Trusts Ltd. |
Formation date:
2010/03/10 |
ISIN code:
ZAE000137634 |
Short name:
U-PRNAMMM |
Risk:
Unknown |
Sector:
Regional--Namibian--Unclassified |
Benchmark:
IJG Money Market Index |
Prudential Investment Managers
Roshen Harry
Roshen Harry is a Portfolio Manager at Prudential Investment Managers, with 10 years’ experience. Having joined the group in May 2006, he is co-Portfolio Manager of Prudential’s Enhanced Income Fund, High Interest Fund and Money Market Fund.
Anthea Angermund
Prudential Namibian Money Market Comment - Sep 19
2019/10/25 00:00:00
The fund returned 0.6% (after fees) for the month and has returned 7.4% (after fees) over the past 12 months.
The IJG Money Market Index (including NCD’s) increased by 0.6% in September and by 7.6% over 12 months.
Relative to the 90-day maximum average duration, the fund is currently running an effective duration of 50 days.
The Namibian CPI inflation rate increased to 3.7% y/y in August 2019 from 3.6% y/y in July 2019 – printing in the bottom half of the 3%- 6% target band. Month-on-month, prices increased by 0.1%. Year-on-year, Food (4.1%), Alcoholic B&T (3.9%) and Recreation (3.5%) were among the categories that increased. Housing Utilities is still the main contributor to the annual figure due to its large weighting in the basket (28.4%), decreasing to 1.9% y/y from 2.2% y/y in July 2019.
The fund aims to achieve a high level of current income, while preserving capital capital and liquidity. The fund's objective is achieved by investing in cash and other high-quality money market instruments.
The performance objective is to provide a yield in line with the benchmark yield over a rolling one-year period.
