Mutual Funds are Financial instrument that allows a group of investors to pool their monies with a predetermined investment objective. The mutual fund has a fund manager who is responsible for investing the pooled money into specific securities (usually stocks or bonds).
Mututal Funds invest in a variety of stocks, bonds, short-term money market instruments or other securities in line with the objective of the fund. Stanbic IBTC Asset Management Limited offers you the choice of either conservative or aggressive mututal funds depending on the level of risk you are willing to take, bearing in mind the level of risk you take and potential returns are directly related.
Stanbic IBTC Asset Management Limited currently manages five (5) open ended Mutual Funds regulated by the Securities & Exchange Commission ("SEC") namely:
Ideal for clients that do not have the time to follow the capital market daily
Diversified Portfolio i.e. combines your investment options
Direct Debit feature available
Excellent avenue for children (through their parents) to have investments
Liquidity & Easy Exit
Can be used as collateral for loans from most banks
New investors can join easily
Online access to investment
Features of the Mutual Funds
Find out which funds are best for you by comparing the features of the funds. If you are risk averse, you may prefer a fund with more weighting in fixed income instead of equities
We expect a slight upswing in the market by the end of this week — a reversal of the market trend in the last week of February.
Valuations continue to support long positions in the real and financial sectors and we thus expect a marginal climb in the ASI. However, given the level of political uncertainty in the country, we do not believe that institutional investors will come into the market with full force.Full Story.
