Top 5 Money Markets Review: December 2019
Britam joined the top 5 funds based on average yield postings for the month of December, edging out Madison Money Market Fund.
Britam joined the top 5 funds based on average yield postings for the month of December, edging out Madison Money Market Fund.
If you are anything like the rest of us, you’re probably wondering why you should bother saving for your retirement when there are so many other good things to spend the money on now.
Cytonn topped the top 5 funds, closing the month with an average daily yield of 10.21 and an average effective annual yield of 10.75, shedding off .12% on its daily yield and annual yield down from a daily yield of 10.33% and an effective annual yield of 10.87% the previous month.
Saving and investing involves a variety of risks, like default risk, inflation risk, market volatility risk and interest-rate risk.
Almost all investment products are exposed to various risk, only the degree differs. Before you blindly hawk into financial products, it is important to understand your risk appetite and tolerance level.
“A minute to learn… a lifetime to master.” Othello – The classic board game Ready to invest? Set! And … wait! One more thing – It is important to understand what your investment choices are and how different types of investments put your money to work, but it is equally important to understand yourself as an investor….
Ever wondered how different fund management companies manage to offer attractive returns? In this article, we delve into the world of fund management and give you insights on how fund managers invest your monies to give you an above-average rate of return. First, a brief introduction – A fund manager is an institution that manages…
Choosing a fund manager involves plenty of contradictions. On one hand, each fund boasts how well it has done in the previous year, or three years past…But underneath the glossy advert, the regulator insists on a disclaimer: “past returns are not a predictor of future performance” … For most of us, our investment selection process boils down…
During the month of October, the following fund managers stood out posting the top 5 money market fund rates as at 31st October 2019. 1. Cytonn Money Market Fund Cytonn closed the month with an average daily yield of 10.33% and an effective annual yield of 10.87%. Interestingly, CMMF retained the top position, posting the…
In our previous article, we dwelled on a very common question on saving, and explained Why your money loses value when you save it in cash. . We also made a recommendation for money market funds as one of the alternatives to saving your money, citing the opportunity to get attractive returns that are way above…