CCMF

Description

Fund Manager: Black Star Advisors
Bid Price: 0.5810
Offer Price: 0.5810
YTD: +8.48%
Fund Launch Date – 06-Sep-2010
Fund Size (as at 31 Dec, 2015)- GHS0.73 mn

Fund Info

The Christian Community Mutual Fund, CCMF, is the first mutual fund setup under the sponsorship of the Christian Council of Ghana (CCG). The CCG is an umbrella organisation for mostly Protestant and Charismatic churches in Ghana. Founded in 1929, the CCG is a unifying body representing the Methodist, Anglican, Mennonite, Presbyterian, Evangelical Presbyterian, African Methodist Episcopal Zionist, Christian Methodist, Evangelical Lutheran, F’Eden, and Baptist churches, and the Society of Friends. The Council serves as the link with the World Council of Churches and other ecumenical bodies.

The investment objective of the Fund is to systematically grow the monies provided by investors by investing in companies listed on the Ghana Stock Exchange (GSE) and other Exchanges, with the approval of the Securities and Exchange Commission, with good potential for high returns and also in fixed income and money market instruments. The Fund seeks to generate returns through a combination of capital appreciation and income accrual for shareholders.

Fund Strategy

The Fund’s investment objective is to generate long term capital growth. In order to achieve this objective, it is essential that the Fund has an equity bias when the stock market is performing well and a fixed income bias when the stock market is on the downturn. The Fund Manager shall have the discretion to select specific investments within the equity and debt asset classes. However, under normal conditions, the following asset class limits shall be in place:

Cash- 5% (+/- 5%)

Ghana Government Treasury Securities and other money market and debt instruments not issued by government – 35% (+/- 20%);

GSE listed securities – 50% (+/- 10%)

Other – 10% (+/-10%)