The Futuregrowth 180 day Enhanced Money Market Composite targets high cash returns through a carefully balanced and actively managed mix of short- and medium-term interest-bearing investments, with a maturity of up to three years.
The weighted average term to maturity for the Composite may not exceed 180 days. The benchmark is the South African STeFI Composite Index.
The Composite aims to outperform the STeFI by 0.5% per annum over a rolling 12-month period.
This Composite invests in money market securities such as NCDs, debentures, treasury bills, fixed deposits and floating rate notes, and short-term bonds with maturities of up to three years. Single name credit exposure is also permitted.
YIELD ENHANCED STRATEGY
Our yield enhanced strategy relies on maintaining strong relationships with market players. This allows us to see a large degree of dealflow on a continuous basis and keep an eye on ever-evolving credit events in the market. In the unlisted space, our specialist structuring skills allow us to make loans that ensure lenders achieve the greatest degree of investor protection through loan terms, covenants and security while ensuring risk-adjusted returns with good diversification.