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Ranking
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Sector:
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USA-Fixed Interest-Money Market |
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Size:
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(USD) 15 700 000 |
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Sector Rank:
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1 out of 8 |
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(lump sum over 1 years to 28 Feb 2010)
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Overall Rank:
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195 out of 205 |
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(lump sum over 1 years to 28 Feb 2010)
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| R20000 invested on 28 Feb 2009 was worth R15 321 at 28 Feb 2010 |
((23.39)% annual compound return)
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| R5000 per month since 28 Feb 2009 was worth R57 424 at 28 Feb 2010 |
((8.12)% 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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| Nedgroup Investments (IOM) |
| Nedgroup Investments (IOM) is both the manager and investment advisor for the NIIS suite of funds. |
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Focus and Objective
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The funds invest in a range of underlying US Dollar, Sterling or Euro denominated deposits, money market instruments and funds. The funds aim to provide investors with a better yield than that available from retail money market deposits. These yields are achieved through active management with maximum security of invested capital. These conservative funds are at the lower end of the risk spectrum and they utilise wholesale currency-based deposits and money market instruments to enhance the returns available to investors.
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Technical Overview
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| Benchmark: |
100% 7 day USD LIBID |
| Allows debit orders? |
No |
Formation date: |
17 Mar 1999 |
| Base currency: |
USD |
Is this fund a roll-up fund? |
Yes |
| Broker comm payable? |
Yes |
Management fee (p.a.): |
0.50% |
| Compulsory charges: |
Nil |
Minimum lump sum: |
$4 000 |
| Domicile: |
Isle of Man |
Performance fee? |
No |
| Exit fee? |
No |
Pricing system: |
Forward |
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