MONITOR THIS FUND
Become an Insider Gold member to monitor your funds.

0  /  0%

100

NAV on 2019/03/22
NAV on 2019/03/21 100
52 week high on 2018/03/27 100
52 week low on 2018/03/27 100
Total Expense Ratio on 2018/12/31 0.19
Total Expense Ratio (performance fee) on 2018/12/31 0
NAV Incl Dividends
1 month change 0% 0.58%
3 month change 0% 1.88%
6 month change 0% 3.76%
1 year change 0% 7.59%
5 year change 0% 7.24%
10 year change 0% 0%
Price data is updated once a day.
  • Sectoral allocations
Liquid Assets 397.66 59.94%
Money Market 265.72 40.06%
  • Top five holdings
MM-06MONTH 54.69 8.24%
MM-01MONTH 43.11 6.5%
MM-07MONTH 40.49 6.1%
MM-02MONTH 31.03 4.68%
MM-11MONTH 25.31 3.82%
  • 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
Contact details

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 RE:CM 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.
Insider GOLD
ONLY R63pm

Moneyweb's premium subscription is a membership service which will give you access to a number of tools to take charge of your investments.
Or choose a yearly subscription at R630pa - SAVE R126

Get instant access to all our tools and content. Monthly subscription can be suspended at any time.

Podcasts

GO TO SHOP CART

Follow us:

Search Articles:Advanced Search
Click a Company:
server: 172.17.0.2