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    Bank Windhoek Investment Fund Fact Sheet Nov 2014

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    poiqwe
    The fund is a low-risk money market fund that aims to provide stable returns for conservative investors. It invests in short-term instruments like bank deposits and government bonds. As of November 2014, the fund size was over N$4 billion and had returned 6.27% after fees for the year. It benchmarks against the Bank of Namibia 7-day repo rate and has a low volatility profile.

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    Bank Windhoek Investment Fund Fact Sheet Nov 2014

    Uploaded by

    poiqwe
    58 views1 page
    The fund is a low-risk money market fund that aims to provide stable returns for conservative investors. It invests in short-term instruments like bank deposits and government bonds. As of November 2014, the fund size was over N$4 billion and had returned 6.27% after fees for the year. It benchmarks against the Bank of Namibia 7-day repo rate and has a low volatility profile.

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    Details of Bank Windhoek's Investment Fund

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    The fund is a low-risk money market fund that aims to provide stable returns for conservative investors. It invests in short-term instruments like bank deposits and government bonds. As of November 2014, the fund size was over N$4 billion and had returned 6.27% after fees for the year. It benchmarks against the Bank of Namibia 7-day repo rate and has a low volatility profile.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    58 views1 page

    Bank Windhoek Investment Fund Fact Sheet Nov 2014

    Uploaded by

    poiqwe
    The fund is a low-risk money market fund that aims to provide stable returns for conservative investors. It invests in short-term instruments like bank deposits and government bonds. As of November 2014, the fund size was over N$4 billion and had returned 6.27% after fees for the year. It benchmarks against the Bank of Namibia 7-day repo rate and has a low volatility profile.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    Investment Fund

    Fund Fact Sheet

    Fund Overview
    The fund is a money market fund with a very low risk profile. The funds main aim is to provide a stable and secure return to the conservative investor,
    who does not wish to be affected by the volatility normally associated with the equity, property and international markets. The funds return will adjust
    in accordance with the changes in short term interest rates. The fund is highly liquid and available on demand. Retirement Funds are not precluded
    from investing in this fund. Monthly Income distributions. The funds benchmark is the Bank of Namibia 7 day Repo Rate.
    Fund Detail

    Sector Allocation

    Date:

    30-Nov-14

    Fund Size:

    1.80%
    5.42%

    4,161,224,885.71

    Fund Type:

    Money Market

    ISIN Code:

    ZAE 000148805

    Fund Duration:
    Trustee / Nominees:
    Benchmark:

    79 Days
    Standard Bank Namibia
    Bank of Namibia 7 day repo rate

    0.81%

    31.65%

    Current Returns :
    Fund return - effective p.a. before fees

    6.98%

    Return before fees (NACM)

    6.77%

    Return after fees (NACM)

    6.27%

    Return after fees after tax (NACM)

    5.88%

    Initial fee

    0.00%

    Annual Management Fee

    0.50%

    60.31%

    Income may be capitalized or paid out monthly. No fees charged on


    reinvestment of income
    Minimum opening balance

    Namibian Banking

    South African Banking

    Namibian Government

    South African Government

    Namibian Corporate

    Other

    10 000

    Minimum additional investment

    Volatility Indicator

    1 000

    Low

    Low - Mod

    Jun-14

    Jul-14

    Mod

    Mod-High

    High

    Historic Performance
    7.00%
    6.00%
    5.00%
    4.00%
    3.00%
    2.00%
    1.00%
    0.00%
    Dec-13

    Jan-14

    Feb-14

    Mar-14

    Apr-14

    May-14

    Investment Fund

    Aug-14

    Sep-14

    Oct-14

    Nov-14

    Bank of Namibia 7 Day Repo Rate

    Fund Comment
    Investment Team

    Tertius
    Liebenberg

    Floris
    Bergh

    South African inflation came out at 5.9% in October, marking the second consecutive reading under the
    upper end of the inflation target band of 3-6%. A lower global oil price coupled with a resilient currency
    has already resulted in decreases in the fuel pump price and has significantly lowered the Reserve
    Banks inflation outlook over its forecast period. This was the main reasoning behind the SARBs decision
    to leave interest rates unchanged. Although the SARB have reiterated that they are in an interest rate
    hiking cycle, we believe the bank will keep rates unchanged for an extended period on the backdrop of a
    softer inflation outlook, further monetary stimulus announcements from the Bank of Japan and the
    European Central Bank, and a soggy domestic growth outlook.

    Contact Information
    Enquiries:
    Fax:
    Physical Address:

    + 264 61 299 1950


    + 264 61 299 1959
    119 Independence Avenue
    4th Floor Capricorn House Windhoek

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