The STANLIB Cash Plus Fund aims to maximise the current level of income within the restrictions set out in the investment policy, while providing maximum stability of capital.
The fund will aim to achieve performance returns in excess of money market yields and current account yields. The fund will invest its assets in South African markets at all times and will be permitted to invest in a flexible mix of non-equity securities, including but not limited to money market instruments, bonds, fixed deposits, listed debentures, preference shares and other high yielding securities, as well as any other securities which may be approved by the Registrar from time to time and which are consistent with the investment policy of the fund, to the maximum levels permitted by the Collective Investment Schemes Control Act, No. 45 of 2002, and the Regulations thereto, as amended from time to time. In respect of the flexible nature of this fund, the fund may thus be fully invested in any of the above-mentioned asset classes at any particular time, while complying with the stated duration and tenor limitations. The maximum average weighted duration of the fund is 180 (one hundred and eighty) days and the maximum tenor for any one instrument is 36 (thirty six) months. The manager may from time to time invest in participatory interests or any other form of participation in portfolios of collective investment schemes or other similar collective investment schemes. The fund may from time to time invest in financial instruments. The fund will not be permitted to invest its assets in foreign investment markets.
Investor Profile
Require returns in excess of money market yields, but accept that returns of this policy might under adverse conditions, occassionally be lower that normal money market yields.
Want interest income and a slightly longer term parking bay for cash
