Plus Balanced Fund

1.4529
Thu, 21 Apr 2022
Bid Price
(GHS)
Offer Price
(GHS)
Open
20 Apr 2022
1.4539 1.4539
Close 1.4529 1.4529
Inception Date 16 Oct 2019
Fund Manager Black Star Advisors Limited
Management Fees 2.50%
6M Ch 0.11(+8.12%)arrow_drop_up
1Y Ch 0.19(+15.00%)arrow_drop_up
3Y Ch -

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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Years of Experience with
Fund
Fund Manager
Investment Industry
Fund Type Open Ended
Fund Category Balanced Funds
Doobia Jones Ranking Unranked
Board of Directors
  • Bright Asare Bediako
  • Derrick Darkwah
  • Eugene Gilbert Amponsah
  • Nana Aba Seguah Derby
  • Otu Hughes
  • Patrick Nii Ayaa Mensah
  • Randolph B. Rodrigues
Auditors John Kay and Co., 7th Floor, trust Towers, Adabraka Box KIA 16088
Custodian Stanbic Bank (Ghana) Limited
Trustees Vantage Corporate Services
Registered Office Address 4th Floor, The Rhombus, Plot 24 Tumu Avenue, PMB 59, Osu – Accra
Place of Business Address 4th Floor, The Rhombus, Plot 24 Tumu Avenue, PMB 59, Osu – Accra
Bankers