22 Mar 2023
|Inception Date||03 Dec 2007|
|Fund Manager||Databank Asset Management Services Ltd|
The Databank Balanced Fund (Bfund) is an open-ended mutual fund that seeks to achieve growth in income and capital. The Fund also aims at providing liquidity and conserving principal. The main objective of the Fund is to pool funds and invest them in high quality fixed income and equity securities. The fixed income instruments include government debt instruments, Commercial Paper, Bankers' Acceptances and Certificates of Deposits. The equity securities component comprises listed stocks of good performing companies on regulated stock markets within Africa. Bfund seeks to provide a combination of income and growth to investors who want a flexible instrument to meet their medium-term to long-term financial planning needs at a moderate level of risk. Bfund is also aimed at investors who want to take advantage of the benefits of both markets, that is, high returns and moderate risk.
The fund seeks to achieve its objective through investment in a diversified portfolio of equities and fixed income securities and corporate bonds. It is the Manager's intention not to invest more than 60% of its net assets in equities and to invest not less than 40% in of its net assets in money market and fixed income securities. The fund may invest in equity securities not listed or quoted on a stock exchange; such an investment may not exceed 15% of its total net asset value. The Fund may invest up to 30% of the scheme's total net asset value in government securities of the same issue. The Manager may invest up to 10% of the interests of the scheme in collective investment schemes managed by the Manager or by an associated of the Manager.
Only members can download these files
|lock Databank Bfund factsheet - Sep 2020.pdf||622.38 KiB|
|lock Databank Bfund factsheet - Jun 2020.pdf||622.97 KiB|
|lock Databank Bfund factsheet - Dec 2019.pdf||617.88 KiB|
It has come to our attention that pronouncements have been recently made in the press claiming that Databank is dealing in gold collectibles.
We would like to assure our customers and the Ghanaian public that this claim is FAL
|Fund Type||Open Ended|
|Fund Category||Balanced Funds|
|Doobia Jones Ranking||Unranked|
|Board of Directors||
|Auditors||Baker Tilly Andah + Andah, Chartered Accountants, C645/3, 4th Crescent, Asylum Down, Accra.|
|Custodian||Standard Chartered Bank Ghana Limited, P. O. Box 768, High Street, Accra|
|Registered Office||61 Barnes Road, Adabraka, Private Mail Bag, Ministries Post Office, Accra.|
|Place of Business||61 Barnes Road, Adabraka, Private Mail Bag, Ministries Post Office, Accra.|