ETICA MONEY MARKET FUND
(USD)
Etica Money Market Fund (USD)
The investment objective of the Etica Money Market Fund (USD) is to obtain a high level of current income while protecting investor’s capital.
The fund aims to outperform the income yield available on short term fixed income instruments, while ensuring liquidity.
| Key Facts | |
|---|---|
|
Currency |
USD |
|
Lock-in period |
30 days |
|
Management Fee |
2.0% p.a |
|
Initial Fees |
NIL |
|
Benchmark |
The average 3-months USD deposit rate for tier 1 banks |
|
Min. Investment Amount |
USD 100.0 |
|
Min. Top-up |
USD 50.0 |
|
Compounding Frequency |
Daily |
|
Trustee |
Co-operative Bank Kenya Ltd |
|
Custodian |
Equity Bank Kenya Ltd |
|
Fund Manager |
Etica Capital Ltd |
|
Regulator |
Capital Markets Authority |
|
Investment Risk Profile |
Low risk |
|
Withdrawal Period |
Within 3 business days |
|
Target Client |
Individuals and institutional investors |
Disclaimer: Yield Shown is net of all fees but gross of withholding tax. The past performance is no indication of future performance as the price of units may go up as well as down. The Capital Market Authority does not take responsibility for the financial soundness of the schemes or the correctness of any statements made or opinions expressed.