0  /  0%

100

NAV on 2020/08/12
NAV on 2020/08/11 100
52 week high on 2019/08/15 100
52 week low on 2019/08/15 100
Total Expense Ratio on 2020/06/30 0.2
Total Expense Ratio (performance fee) on 2020/06/30 0
NAV
Incl Dividends
1 month change 0% 0.45%
3 month change 0% 1.43%
6 month change 0% 3.13%
1 year change 0% 7.06%
5 year change 0% 7.46%
10 year change 0% 0%
Price data is updated once a day.
Click and drag to zoom in on timeline.
  • Sectoral allocations
Gilts 196.70 29.94%
Liquid Assets 357.96 54.48%
Money Market 102.40 15.58%
  • Top five holdings
MM-01MONTH 35.97 5.47%
MM-07MONTH 28.99 4.41%
MM-06MONTH 16.62 2.53%
MM-05MONTH 12.58 1.91%
MM-08MONTH 8.24 1.25%
  • Performance against peers
  • Fund data  
Management company:
RECM Collective Investments (Pty) Ltd.
Formation date:
2010/10/01
ISIN code:
ZAE000149886
Short name:
U-RECMMM
Risk:
Unknown
Sector:
South African--Interest Bearing--Money Market
Benchmark:
SteFI Call Rate
Email
info@recm.co.za

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

Telephone
021-657-3440

  • Fund management  
Piet Viljoen
With 25 years industry experience, Piet has become very cynical about the industry & what it stands for. He started out as a lecturer at the University of Pretoria, and then joined the Reserve Bank as an economic analyst. He became a portfolio manager at Allan Gray Investment Counsel in 1991 and in 1995 he moved to Investec Asset Management. Piet founded RE·CM in 2003 and is our Executive Chairman. Piet believes that fund managers should be true professionals, and as stewards of their clients' capital, always act in their best interests. RE·CM's adherence to this philosophy truly sets it apart from its peers in the indutry.


  • Fund manager's comment

RECM Money Market comment - Jun 14

2014/08/29 00:00:00
The RECM Money Market Fund generated an income yield of 6.32% against the benchmark yield of 5.1% as at 30 June 2014. Fund duration increased significantly from 75.7 to 88.7 days during the month. We have maintained a higher duration to take advantage of the pick-up in yields on longer dated fixed instruments. The fund now has a 50% exposure to fixed rate instruments. Domestic growth remains under pressure which leaves limited scope for the SARB to aggressively increase rates. Higher food and beverage costs were the main drivers of domestic headline inflation increasing from 6.1% in April to 6.6% in May. Producer level inflation came in below market expectations at 8.7% from 8.8% in April. Currently we have no exposure to corporate bonds but we continue to look in both primary and secondary markets for attractive value.
  • Fund focus and objective  
The RECM Money Market Fund comprises a diversified combination of money market instruments. The Fund aims to maximise interest income, preserve capital and provide liquidity. This Fund is also suitable for risk averse investors seeking a temporary, safe holding vehicle in times of market uncertainty. Investors seeking capital preservation, requiring regular interest income and liquidity should invest in this fund.
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