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Ranking
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Sector:
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Global-Fixed Interest-Money Market |
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Size:
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- |
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Sector Rank:
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4 out of 8 |
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(lump sum over 2 years to 31 Mar 2004)
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Overall Rank:
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212 out of 263 |
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(lump sum over 2 years to 31 Mar 2004)
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| R20000 invested on 31 Mar 2002 was worth R11 396 at 31 Mar 2004 |
((24.52)% annual compound return)
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| R5000 per month since 31 Mar 2002 was worth R93 784 at 31 Mar 2004 |
((24.38)% 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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| The GinsGlobal European Equity Index Fund is managed by State Street Global Advisors, the world's 2nd largest index asset manager. |
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Focus and Objective
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The GinsGlobal Global Money Market Fund aims to provide capital stability and income through investment in short term fixed income and variable rate securities.
Investments will be made in short term notes including certificates of deposit, commercial paper, treasury bills and other short-term debt securities and money market instruments, denominated exclusively in the currency indicated by the sub-fund.
Investment Parameters
- Minimum rating of A1 + for securities of under 1 year.
- Minimum rating of AA for securities of more than 1 year.
- Maximum investment of 10% of the fund in the securities of any single credit.
- Maximum 3 years Weighted Average Maturity (WAM).
- 10 Years maximum maturity of any single investment.
- 3 Month Libid benchmark.
The investment parameters allow wider access to market duration and maturity thereby creating potential opportunities for yield enhancement.
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Technical overview
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| Formation Date: |
18 Feb 2002 |
| Original Price: |
0.00 |
| Pricing System: |
Forward |
| Base Currency: |
$ |
| Domicile: |
Mauritius |
| Rollup Fund: |
Yes |
| Benchmark: |
1 month London Inter-Bank Bid Rate (LIBID), USD rate |
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Top holdings (No information available)
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