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Ranking
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Sector:
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UK-Fixed Interest-Money Market |
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Size:
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(GBP) 37 870 000 |
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Sector Rank:
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2 out of 10 |
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(lump sum over 3 years to 31 Oct 2006)
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Overall Rank:
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147 out of 239 |
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(lump sum over 3 years to 31 Oct 2006)
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| R20000 invested on 31 Oct 2003 was worth R27 619 at 31 Oct 2006 |
(11.36% annual compound return)
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| R5000 per month since 31 Oct 2003 was worth R234 539 at 31 Oct 2006 |
(16.62% annual return compounded monthly)
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| Please note that offshore fund performance figures are calculated from NAV prices (ie, equivalent to sell-to-sell) and therefore not directly comparable to domestic fund performance figures on this site. |
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Management
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| Howard Wood |
| Howard joined the firm (as Commercial Union) in 1977 after gaining extensive auditing experience in a variety of accountancy firms. His initial role until 1984 was that of Project Accountant. |
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Focus and Objective
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The objective of this fund is to provide a high degree of capital security with yields higher than those generally available from equities or other long-term investments. It allows a high degree of capital protection in the currency of the sub-fund. The emphasis is on authorised transferable securities with a very low volatility, minimal credit risk and high marketability.
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Technical Overview
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| Benchmark: |
London Internbank Bid Rate - one week |
| Allows debit orders? |
No |
Is this fund a roll-up fund? |
Yes |
| Base currency: |
GBP |
Management fee (p.a.): |
0.50% |
| Broker comm payable? |
Yes |
Min further amounts: |
R10 000 |
| Domicile: |
Luxembourg |
Min lump sum: |
R30 000 |
| Exit fee? |
No |
Number of holdings: |
29 |
| Formation date: |
02 Jul 1990 |
Original price: |
GBP 1.00 |
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