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The name of the fund is Plus Balanced Fund. It is an open-end mutual fund which was established under the laws of Ghana with an unlimited duration. The Fund will invest across REITs, equity and fixed income markets within and outside Ghana.
The Fund Manager shall have the discretion to select specific investments within equity and fixed income asset classes. Although the funds will be managed to achieve maximum returns consistent with risk due to the inherent risk in securities the total attainment of the objectives of the investment cannot be guaranteed. The Fund shall however be expected to deliver optimum risk-adjusted returns on a best effort basis. Plus Balanced Fund is a balanced open end mutual fund. The Fund is authorized to invest in the instruments stated below however, subject to the approval of the Board the Fund Manager may modify the investment caps to adjust for changes in economic conditions.
a. Government bonds (20% - 70%)
b. Corporate bonds (10% - 30%)
c. Treasury bills and notes (5% - 25%)
d. Other money market securities (0% - 15%)
e. Cash and cash equivalents (5%)
f. Listed equities - common shares and preference shares (5% - 30%)
g. Unlisted equities - preference shares and private equity (0% - 10%)
h. REIT's (0% - 10%)
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