Last Updated on January 10, 2024 by Elidge Staff

Understanding the FNB Namibia Money Market Fund

The FNB Namibia Money Market Fund, managed by Ralf Düvel, offers investors a low-risk avenue to maximize income. Launched on 3rd February 2003, this fund has since flourished, now boasting a substantial fund size of N$1,893,377,470.

FNB Namibia Money Market Fund Details

Sector: Domestic – Money Market
Benchmark: Namibian Repo Rate – 0.50%
ISIN Code: ZAE000045019
Income Declaration: Accrued Daily, Paid Monthly
Weighted Average Duration: 157 days
Weighted Average Legal Maturity: 157 days
Minimum Lump Sum: N$ 75,000
Minimum Balance: N$ 75,000
Annual Management Fee: 0.60%
Total Expense Ratio (TER): 0.66%
Total Investment Charge (TIC): 0.66%

Investment Objective

The FNB Namibia Money Market Fund aims to exceed general money market instruments and funds’ returns while prioritizing high liquidity, capital preservation, and mitigated risk. It achieves this by primarily investing in the major banking groups in Namibia and South Africa, Nampost Namibia, and the Namibian and South African governments.

Fund Manager & Trustee Contact Details

Fund Manager: Ashburton Investments Namibia
- Address: 1st Floor, Parkside Building, 130 Independence Avenue, Windhoek
Trustee: Standard Bank Nominees
- Address: Standard Bank Building, 1378 Chasie Street, Windhoek

Who Should Invest?

The FNB Namibia Money Market Fund suits investors pursuing a secure investment with maximized income. With its promising high income yield, capital stability, and robust liquidity, it serves as an attractive option for risk-averse individuals.

Current Market Analysis

In the global banking realm, major central banks have re-established their commitment to price stability. The US Federal Reserve, Bank of England, and European Central Bank have made significant policy rate adjustments, contributing to a shifting economic landscape. Locally, the Bank of Namibia has mirrored the South African Reserve Bank’s policy adjustments, reflecting an interconnected financial environment.

The upcoming months are projected to bring forth an increase in fund yield, aligning with prevailing reinvestment rates. This indicates a favorable outlook for prospective investors.

In Summary

The FNB Namibia Money Market Fund offers a reliable opportunity for conservative investors seeking income maximization. With a meticulous investment approach in place, overseen by Ralf Düvel, and a robust market analysis, this fund presents a promising avenue for capital preservation and income generation.

The investment objective of the FNB Namibia Money Market Fund is to exceed general money market instruments and funds' returns while prioritizing high liquidity, capital preservation, and mitigated risk — The investment objective of the FNB Namibia Money Market Fund is to exceed general money market instruments and funds’ returns while prioritizing high liquidity, capital preservation, and mitigated risk

Frequently Asked Questions

1. What is the investment objective of the FNB Money Market Fund?

The investment objective of the FNB Namibia Money Market Fund is to exceed general money market instruments and funds’ returns while prioritizing high liquidity, capital preservation, and mitigated risk. It achieves this by primarily investing in the major banking groups in Namibia and South Africa, Nampost Namibia, and the Namibian and South African governments.

2. What are the contact details for the fund manager and trustee of the FNB Money Market Fund?

Fund Manager: Ashburton Investments Namibia
- Address: 1st Floor, Parkside Building, 130 Independence Avenue, Windhoek
Trustee: Standard Bank Nominees
- Address: Standard Bank Building, 1378 Chasie Street, Windhoek

3. Who should consider investing in the FNB Namibia Money Market Fund?

4. What does the current market analysis reveal about the FNB Money Market Fund?

The current market analysis indicates that major central banks have re-established their commitment to price stability. This reflects an interconnected financial environment, with the Bank of Namibia mirroring the South African Reserve Bank’s policy adjustments. Prospective investors can expect an increase in fund yield in the upcoming months, aligning with prevailing reinvestment rates.