Money Markets
Updated: 03-May-2021 Valid until: 07-May-2021
Participation Bonds
| Company | Product | Nominal Rate | Five-Year Rate on Maturity | Min Inv Amount | Initial Charges | Management Cost |
|---|---|---|---|---|---|---|
| Fedgroup Secured Investment | Growth Option | 7.35% | 8.85% * | R 5 000 | 0.00% | 0.00% |
| Fedgroup Secured Investment | Income Option | 7.35% | Varies, based on income paid out | R 5 000 | 0.00% | 0.00% |
| Fedgroup Secured Investment | Tax-Free Option | 4.25% | Varies, based on investment term | R 500 | 0.00% | 0.00% |
*
The rate is based on a
five-year investment calculated at a fixed nominal rate of 7.35% p.a.
Money Market Funds
| Company | Effect Rate | Initial charges | Min Inv Amount | Management cost |
|---|---|---|---|---|
| Cadiz | 4.620% | 0.000% | R 20 000.00 | 0.290% |
| Allan Gray | 4.220% | 0.000% | R 20 000.00 | 0.290% |
| Coronation | 4.050% | 0.000% | R 10 000.00 | 0.250% |
| Glacier | 3.820% | 0.000% | R 100 000.00 | 0.460% |
| Nedbank | 3.820% | 0.000% | R 10 000.00 | 0.570% |
| SYmmETRY | 3.820% | 0.000% | R 10 000.00 | 0.570% |
| Old Mutual Unit Trust | 3.810% | 0.000% | R 10 000.00 | 0.570% |
| Prudential | 3.790% | 0.000% | R 50 000.00 | 0.400% |
| Absa* | 3.630% | 0.400% | R 100 000.00 | 0.570% |
| PSG | 3.580% | 0.000% | R 25 000.00 | 0.570% |
- Notes on Symmetry Money Market Fund : Applicable to LISP clients only.
- Notes on Absa Money Market Fund : The maximum initial charge is 0.40% (incl. VAT) of consideration received and will include a maximum of 0.24% (incl. VAT) payable for commissions and incentives.
- Notes on Nedbank Money Market: The rolling 7-day yield,as at Friday 30 April 2021 was 3.82% p.a. This is the average return over the past 7 days, annualised, and calculated as an effective rate for a one-year investment. The nominal return for 30 April 2021(the latest figure available) was 3.89% p.a. These figures apply to all investments, irrespective of amount.They can now accept debit order with a minimum of R500 pm.
- Notes on the Coronation Money Market Fund: The fund aims to obtain as high a level of current income as is consistent with capital preservation and liquidity. The fund's benchmark is the Alexander Forbes Short Term Fixed Interest (STeFI) Benchmark. Management fees of 0.25 % excluding VAT are calculated on an annual basis.
- Notes on the Allan Gray Money Market Fund: A maximum initial charge of 3.42% (inclusive of VAT) is payable to the adviser as commission subject to restrictions when selecting an Annual Financial Adviser Fee ranging between 0%-1.14% (incl VAT). No initial charges are levied by the Fund. The Fund accepts monthly investments of R500 monthly (via debit order).
- Notes on Glacier Market Funds: Class B rated AAAm by CA Ratings. Class B is available through Glacier Financial Solutions (Glacier) products. No minimum investment required, however, clients must adhere to Glacier product minimums. Fees: 0% initial fee, 0.4% p.a. annual fund management fee and usual Glacier linked product fees.
- Notes on Old Mutual Unit Trusts : A maximum initial charge of 0.68% (inclusive of VAT) is payable to the adviser as commission. No initial administration charge is levied