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NAV on 2021/07/28
NAV on 2021/07/27 100
52 week high on 2020/07/30 100
52 week low on 2020/07/30 100
Total Expense Ratio on 2021/06/30 0.57
Total Expense Ratio (performance fee) on 2021/06/30 0
Incl Dividends
1 month change 0% 0.33%
3 month change 0% 0.99%
6 month change 0% 1.97%
1 year change 0% 4.06%
5 year change 0% 6.83%
10 year change 0% 6.31%
Price data is updated once a day.
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  • Sectoral allocations
Liquid Assets 122.43 0.52%
Money Market 20451.65 86.63%
SA Bonds 3033.28 12.85%
  • Top five holdings
MM-01MONTH 4122.89 17.46%
MM-02MONTH 3461.99 14.66%
MM-04MONTH 2956.14 12.52%
MM-03MONTH 2367.84 10.03%
MM-05MONTH 2266.47 9.6%
  • Performance against peers
  • Fund data  
Management company:
STANLIB Collective Investments (RF) (Pty) Limited
Formation date:
ISIN code:
Short name:
South African--Interest Bearing--Money Market
STeFi Composite index



  • Fund management  
Ansie van Rensburg
Ansie served her articles with Theron van der Poel. She later joined Volkskas Merchant Bank as a management trainee and later as a money market trader. She was involved in the founding of CM Interbank, a money broking operation during 1987. Later appointed as an alternate director in charge of the funding operation of the NDH Bank Ltd when CMI was sold to NDH Bank Ltd. She joined SCMB Asset Management in 1991 and is a member of the investment strategy team, more specifically responsible for the investment of funds in the fixed-interest and money markets. She is currently the deputy head of fixed-interest and head of the cash management franchise at STANLIB Asset Management.
Mary Hartigan
Mary trained as a money market dealer at CM Interbank in 1989 before moving to Brait, Decillion and Grindrod Bank. She joined STANLIB’s institutional sales desk in 2008 before moving over to the dealing room as amoney market dealer and assistant portfolio manager.

  • Fund manager's comment

STANLIB Money Market Fund - Dec 19

2020/03/02 00:00:00
Fund review
For the quarter under review, the fund remained overweight floating rate notes, with a weighted average duration of 40 days at the end of September. The fund size was R24.8 billion at the end of the quarter.
Market overview
For the quarter under review, the South African Reserve Bank’s (SARB) MPC committee left the repo rate unchanged at 6.50%. The votes to keep the repo rate unchanged were unanimous. Inflation has remained around the mid-point of the inflation target, printing 4.3% year-on-year in August. Inflation expectations have moderated. However, the downside risks to growth remain and, in most sectors, are a serious concern. Growth in world trade volumes continues to decline due to trade wars between the US and China. There are risks of oil price shocks which will filter through to the fuel price in SA. The reasons detailed for keeping the repo rate unchanged were rand depreciation of 4.6% against the dollar and a persistently uncertain environment. The governor of the SARB highlighted that the current challenges facing the economy are mostly structural and cannot be resolved by monetary policy alone. Structural reforms that raise growth and lower the cost structure of the economy remain urgent.
Looking ahead
The SARB adopted a wait-and-see stance as there are still concerns about Eskom’s restructuring, the Medium-Term Budget Statement (MTBS) which has been delayed by a week and Moody’s impending credit rating decision on SA scheduled for 1 November. Depending on the Eskom restructuring model being announced, a constructive MTBS and no downgrade from Moody’s, a further interest rate cut of 25 basis points is a possibility at the next MPC committee meeting, which takes place from 19 to 21 November.
  • Fund focus and objective  
The STANLIB Money Market Fund's primary performance objective is to obtain as high a level of current income as is consistent with capital preservation and liquidity. Capital gains will be of an incidental nature. This portfolio may not have any direct and/or indirect foreign exposure. A well diversified portfolio of money market instruments as defined in the Act.

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