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STANLIB Euro Cash Fund - News
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Merger
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Thursday, 6 October 2011
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Official Announcement
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The Stanlib Offshore Swiss Franc Fund merged into the Stanlib Euro Cash Fund effective 29/09/2011.
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Fund Name Changed
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Thursday, 6 October 2011
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Official Announcement
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The STANLIB Offshore Euro Cash Fund will change it's name to STANLIB Euro Cash Fund, effective from 29 September 2011
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Standard Bank Euro comment - Dec 04
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Thursday, 17 March 2005
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Fund Manager Comment
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The fund commenced the period with the portfolio's Weighted Average Maturity (WAM) positioned at 45 days. During the quarter, WAM was lengthened to 60 days through the purchase of 4 and 6 month paper, to take advantage of the yield curve that was pricing in interest rate rises by the ECB. At the end of December, the portfolios WAMstood at 45 days.
Given that the ECB is likely to leave interest rates unchanged at 2% during the first half of 2005, the Manager will look to increase the WAM of the fund to take advantage of a positively shaped yield curve (reflecting market expectation for moderate rate increases in the first half of 2005.
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