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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
NAV Incl Dividends
1 month change 0% 0.59%
3 month change 0% 1.79%
6 month change 0% 3.65%
1 year change 0% 7.34%
5 year change 0% 7.24%
10 year change 0% 0%
Price data is updated once a day.
  • Sectoral allocations
Liquid Assets 2.43 0.32%
Offshore 762.78 99.68%
  • Top five holdings
  • Performance against peers
  • Fund data  
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
Contact details

Email
info@prudential.co.za

Website
http://www.prudential.co.za

Telephone
021-670-5100

  • Fund management  
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


  • Fund manager's comment

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.
  • Fund focus and objective  
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.
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