Ghana Mutual Funds - NGIS Money Market Fund

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NGIS Money Market Fund
Summary

NGIS Money Market Fund

0.6626

Thu, 10 Dec 2020

	Bid Price (GHS)	Offer Price (GHS)
Open 10 Dec 2020	0.6626	0.6626
Close	0.6626	0.6626
Inception Date			13 Sep 2018
Fund Manager			New Generation Investment Services Ltd.
Management Fees			2.50%
6M Ch			0.04(+6.31%)
1Y Ch			0.09(+14.99%)
3Y Ch			-

Background
Strategy

NGIS Money Market Fund (the Fund) is an open-ended mutual fund designed to create wealth for investors, who are expected to be mostly individuals from the formal and informal sectors of the economy. The Fund shall invest in a diversified portfolio of securities in the short, medium and long-term.

The Fund seeks to achieve its objective through investment in a diversified portfolio of securities such as government securities, corporate bonds, and money market instruments such as commercial paper, fixed deposit and banker's acceptance. Under normal circumstances the asset allocation pattern would be as follows:

Instrument	Allocation
Debt Securities and Money Market Instruments	72% - 85%
Collective Investment Scheme	1% – 10%
Cash at Bank	1% - 5%

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Fund Manager

Investment Industry

Fund Type	Open Ended
Fund Category	Money Market Funds
Doobia Jones Ranking	Unranked
Board of Directors	Prof. Kwaku Dwomor Kessey (chairman) Dr. Phillip Yaw Amakye Dr. Mrs Ernestina Fredua Antoh Kwaku Obeng Mireku Rev. Ben Oppong
Auditors	MBA Associates Chartered Accountants & Financial Consultants 5th Ellis Avenue, Nhyiaso Near MTN Office
Custodian	Ecobank Ghana Limited
Trustees	My Lord Chambers Asokwa, Near Noks Hotel
Registered Office	New Generation Investment Services Ltd., First Floor, Cocobod Jubilee House, Adum- Kumasi, Post Office Box KS 8425, Kumasi, Ghana.
Place of Business	New Generation Investment Services Ltd., First Floor, Cocobod Jubilee House, Adum- Kumasi, Post Office Box KS 8425, Kumasi, Ghana.
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