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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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£77 650 000 |
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Sector Rank:
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4 out of 10 |
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(lump sum over 3 years to 30 Apr 2004)
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Overall Rank:
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45 out of 243 |
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(lump sum over 3 years to 30 Apr 2004)
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| R20000 invested on 30 Apr 2001 was worth R23 831 at 30 Apr 2004 |
(6.02% annual compound return)
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| R5000 per month since 30 Apr 2001 was worth R176 116 at 30 Apr 2004 |
((1.42)% 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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| Michael Sullivan |
| Michael joined Investec Asset Management in December 1992. Initially, he concentrated on the Money Market dealing sector where he placed all cash orientated products. Michael’s responsibilities now include management of all offshore Money Market funds. |
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Focus and Objective
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The fund aims to give shareholders access to income at wholesale Euro-currency market interest rates in sterling. The Euro Money Fund invests in a spread of short-term deposits, certificates of deposit and other negotiable money market instruments
The average life to maturity of the deposits is generally unlikely to exceed 90 days. The Money Fund may also include short-term fixed interest securities. However when, in the opinion of the manager, interest rates either appear or are judged stable or likely to rise, a shorter average life to maturity may be selected and the converse may apply when there is a prospect of a general fall in interest rates.
Rigorous attention is paid to the creditworthiness of the banks and other institutions with which the funds’ assets are placed. To ensure that credit risk is prudently diversified, not more than 20% of the net asset value of a fund will be placed with any one bank or institution out of a strictly monitored list of leading international banks.
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Technical overview
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| Formation Date: |
06 Oct 1983 |
| Original Price: |
1 000.00 |
| Pricing System: |
Forward |
| Base Currency: |
£ |
| Domicile: |
Guernsey |
| Rollup Fund: |
Yes |
| Benchmark: |
Micropal OS FI Sterling Money |
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Top holdings (No information available)
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