SEM MoneyPlus
₵0.92
Description
Fund Manager: SEM Capital Management Limited
Bid Price: 0.9167
Offer Price: 0.9167
YTD: +16.88%
Fund Launch Date – 11-May-2015
Fund Size (as at 31 Dec, 2016)- GHS mn
Fund Info
The name of the fund is SEM Money Plus Fund. It is an openend mutual fund which was established on the 4th day of September 2014 with an unlimited duration. The Fund will invest in short-term money market securities issued by the Government of Ghana, other Ghanaian corporate entities and Bank of Ghana licensed banks and non-bank financial institutions. The investment objective of the scheme is to earn a high rate of interest income and at the same time to preserve capital and maintain liquidity by investing primarily in money market instruments, generally maturing in not more than 365 days
Fund Strategy
The Fund shall be marketed as a money market fund, which means it will invest a maximum of 100% in money market instruments with a minimum tenor of 30 days and a maximum tenor of 365 days; a minimum of 25% in short-term instruments of the Government of Ghana; a minimum of 10% of the Fund’s assets in fixed deposits of Bank of Ghana licensed banks and non-bank financial institutions; and a minimum of 10% in other money market securities which include other money market funds. However the proportion of the investment in another money market fund shall not exceed 5% of the Fund’s net asset value for a single fund and 10% for a group of money market funds.
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