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Allan Gray Money Market Fund

Code: AGMF

Overview of Allan Gray Money Market Fund

The Fund invests in South African money market instruments with a term shorter than 13 months. These instruments can be issued by government, parastatals, corporates and banks. The Fund is managed to comply with regulations governing retirement funds.

Fund performance

Source: Profile Data

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Suitable for investors who...

  • Require monthly income distributions
  • Are highly risk-averse but seek returns higher than bank deposits
  • Need a short-term investment account

Benchmark

The Fund’s benchmark is the Alexander Forbes Short Term Fixed Interest (STeFI) Composite Index.

Strategy of Allan Gray Money Market Fund

The Fund invests in selected money market instruments providing an income yield and a high degree of capital stability. Allan Gray will formulate an interest rate outlook, which is influenced by their inflation outlook and expectations of the resulting Reserve Bank policy response. Based on this analysis, they will select investments for the Fund. These assets are typically held to maturity. Allan Gray take a conservative approach to credit risk.

Fund Manager

Thalia Petousis

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