The Standard Bank Namibia Income Fund is a unitized investment vehicle which invests in a wide range of local government and corporate bonds, gilt-edged securities, fixed deposits and money market assets. The Fund's main objective is to achieve a reasonable level of current income and maximum stability for capital investments. It has no minimum investment duration and a maximum weighted average duration of two years. This allows the manger to actively seek out the best investment opportunities. In terms of the Fund's rules, a minimum of 35% of the Fund's assets must be invested in Namibia at all times. The fund has a conservative to moderate risk profile.
The Standard Bank Namibia Income Fund is suitable for investors who are prepared to accept a moderate amount of risk for an increase in potential income. Individuals who are looking for a professionally managed conservative to moderate risk investment option that provides exposure to an array of interest bearing investments. It provides access to investment vehicles that normally would not be available to the retail investor. The professionally managed fund enables investors to further diversify their funds and supplement their income - all whilst growing capital.