The average daily effective rate for MMFs had a significant drop to 11.93% p.a. in February, from 12.19% in January because of the significant drop of the Treasury Bills as the benchmark. In terms of individual performance, Gulfcap Money Market Fund outperformed its peers, achieving an average daily return of 15.06% p.a. (netting 12.08% p.a.)….
Manager Name of Fund Average net return -tax Cytonn Asset Managers Limited Cytonn Money Market Fund 15.35 13.05 Gulfcap Gulfcap Money Market Fund 15.06 12.80 Lofty-Corban Lofty-Corban Money Market Fund 14.93 12.69 Etica Capital Limited Etica Money Market Fund 14.57 12.38 Kuza Asset Management Limited Kuza Money Market Fund (KES) 14.31 12.16 Arvocap Arvocap Money…
Fund Manager Name of Fund Daily Average Return % Net Return after Tax % Cytonn Asset Managers Limited Cytonn Money Market Fund 16.60 14.11 Lofty-Corban Lofty-Corban Money Market Fund 16.24 13.81 Etica Capital Limited Etica Money Market Fund 15.80 13.43 Arvocap Arvocap Money Market Fund 15.44 13.12 Kuza Asset Management Limited Kuza Money Market Fund…
MARKET WRAP-UP REPORT – Oct 2024 Money Market Fund rates continued on a decline streak, with the overall average daily effective rate falling to 14.21% compared to September’s return of 14.48% p.a. The decline is due to a drop in Treasury Bill (T-bill) returns, as money market funds (MMFs) rely heavily on T-bills for their…
I have been a culprit of emotionally investing in the past and this has led to monetary loss but on the bright side, it has made me better at avoiding emotionally driven decision making.
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