Money Market Fund Rates South Africa

Created with Highcharts 502. A regular update of various South African money market funds available on the Momentum Wealth platform.

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Money market fund rates south africa. Invest in the best fund managers in the world. South Africa - Money Market Rate. According to Fundsdatacoza the cheapest money market fund is the Colourfield BCI Money Market Fund which had a TER of 017 to 31 December 2017.

1226663 Absa Prudential Money Market Fund - A---000. For these Funds instructions must reach the Management Company before 14h00 12h00 for the Money Market Fund. South African retail money market funds A fund size of R2 billion or more Less than 25 invested in corporate debt Fund selection criteria are subject to change and the number of ranked funds may change from time to time.

Allan Gray Money Market Fund - 418 Invest Now Coronation Money Market Fund - 389 Invest Now All yields quoted above are 7-day rolling effective yields which are the applicable average NACM rates for the previous 7 days quoted on an effective NACA basis. The South African Reserve Banks Quarterly Projection. Unlike a fixed deposit there is not a defined investment term so funds can be invested into the products indefinitely and the rate of return may vary depending on the deposit balance.

But since the fund only launched on the 3rd March 2017 I suspect the TER calculation isnt for a full year - this view is bolstered by the fact that the annual service fee is advertised as being 026. 10X Money Market Fund - T---000. Interest is calculated daily and paid monthly.

Since time is a factor when opening a fixed deposit account we will list the highest fixed deposit accounts in terms of interest rates for periods of 3 months 6 months 12 months 24 months and 60 months. In this article we discuss the best-fixed deposit rates that are available in South Africa. 8512 Afena Money Market Prescient Fund - A1.

For Domestic Unit Trust Funds and Tax Free Investments including rand-denominated International Unit Trust Funds fund valuations take place at approximately 15h00 each business day except at month end when the valuation is performed at approximately 17h00 JSE market close. Investec accepts no responsibility for changes in the fund or fund rankings. Money Market Accounts In South Africa a money market account is a type of investment issued by some banks that is an alternative to a savings account or fixed deposit.

For International Unit Trust Funds that are denominated in a foreign currency fund valuations take place at approximately 17h00 each business day Irish Time and instructions must reach the Management Company before 12h00 SA Time to ensure the value of. The yield on these money market funds is a daily nominal interest distribution which is converted to an annual percentage. 17351 27Four Money Market Fund - A1.

Allan Gray Money Market Fund - 418 Invest Now Coronation Money Market Fund - 389 Invest Now All yields quoted above are 7-day rolling effective yields which are the applicable average NACM rates for the previous 7 days quoted on an effective NACA basis. Most unit trust money market funds have an annual fee of approximately 057. Invest in the best fund managers in the world.

Transfer the interest you earn to any account you choose. Data by the Association for Savings and Investments South Africa Asisa released in February mirrors this sentiment showing that that income funds. This annual fee is worked into the yieldFees of money market funds can depend on the access route used by investors.

It will still be a long time before money market funds enjoy the types of preCOVID-19 rates of return of 7-8. Mainos Easy to use and secure platform. Absa for example charge their direct money market clients a 04 deposit fee but this fee is waived for institutional clients.

Pa NSA May 2020 Jun 2020 Jul 2020 Aug 2020 Sep 2020 Oct 2020 Nov 2020 Dec 2020 Jan 2021 Feb 2021 Mar 2021 Apr 2021 May 2021 2 3 4 5 6 7 NaN. 36 rivi BCI Money Market Fund - A. Link your bank card for access in-app online at ATMs or your phone.

53 rivi 10X Money Market Fund - A---000. Invest long- or short-term with anytime access to your money. For these Funds instructions must reach the Management Company before 14h00 12h00 for the Money Market Fund to ensure same day value.

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