Gold Money
₵0.41
Description
Fund Manager: Gold Coast Fund Management
Bid Price: 0.4149
Offer Price: 0.4149
YTD: +10.72%
Fund Launch Date – 17-Nov-2011
Fund Size (as at 24th Feb, 2017)- GHS mn
Fund Info
Gold Money Market Fund is a collective investment scheme which pools people’s money to participate in a wider range of investments than would be possible for most individual investors, sharing the costs and benefits of doing so. Members of this fund buy units at the market price, and the value changes based on value of the diversified underlying assets of the Fund (high-yielding, short-term instruments or credit such as Treasury Bills, certificates of deposits, and short-term secured commercial paper). The ideal customer for the Gold Money Market Fund is a risk averse investor who is seeking relatively high investment yields. These types of clients are attracted by the potential for short term investment growth as compared to long term securities such as stocks. Investors are attracted by short term financial instruments such as T-Bills.
Fund Strategy
20% invested in Corporate Bonds, 40% in Certificates of Deposits/Fixed Deposits, 15% in Bankers’ Acceptances, 15% Repurchase Agreements (which may be seen as secured obligation by the Fund), 20% in Ghana Government and its agencies debt instruments and 15% in Bank and Cash. These proportions may vary in accordance to prevailing market conditions.
| IMPORTANT NOTICE!
Please remember that investments can fall as well as rise and you may not get back all the money that you invest. If you’re unsure about the suitability of a particular investment or think you need a personal recommendation, you should speak to a suitably qualified financial adviser or call 0265560612 |
