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The investment objective of the fund is to provide a medium whereby investors can obtain undivided participation in a diversified portfolio of such money market instruments as defined from time to time.
The primary performance objective of the fund is to obtain a high level of current income as is consistent with capital preservation and liquidity. Capital gains will be of an incidental nature. Clients benefit from wholesale cash management yields at competitive fees. The Standard Bank Namibia Money Market Fund invests in five major banking groups or other similar rated institutions. In addition, certain government issues as well as issues from top-rated corporations are also included in this investment universe. In accordance with Namibian regulations no less than 35% of the Fund's assets are invested in Namibia.
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