UMB Balanced Fund

0.4063
Wed, 21 Feb 2024
Bid Price
(GHS)
Offer Price
(GHS)
Open
21 Feb 2024
0.4063 0.4063
Close 0.4063 0.4063
Inception Date 24 Sep 2013
Fund Manager UMB Investment Holdings Limited
Management Fees 2.50%
6M Ch 0.02(-4.80%)arrow_drop_down
1Y Ch 0.02(-4.69%)arrow_drop_down
3Y Ch 0.08(+23.95%)arrow_drop_up

Merban Fund is an authorised open-ended Mutual Fund sponsored by Merban Investment Holdings Limited. Merban Fund is an investment vehicle established in Ghana, which has as its objective to mobilise funds for investment in well selected money market instruments, equities listed on the Ghana Stock Exchange, and other instruments by way of a collective investment scheme. The strength of this vehicle lies in the large number of individual investors who together can provide the necessary funds to enable investment in money market instruments, listed and unlisted equities as well as other ventures, which typically involve high capital outlay, with the possibility of high earnings.

The Fund shall invest a minimum of 30% of its total assets in equity and equitylinked securities of public companies traded on the Ghana Stock Exchange and other regulated stock exchanges in emerging markets if the Directors and the Custodian deem it right and in the interest of the Fund and with the approval of the Securities and Exchange Commission. However, the investment shall not exceed 10% of the Net Assets in a single company at the time that such investment is made. The Fund shall also invest a minimum of 30% of its total assets in money market instruments and shall keep a minimum of 5% of its Fund value in cash or such other liquid security, as the Manager shall determine. This is to ensure that there is adequate liquidity to meet redemption requests at any point in time.

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FileSize
lock UMB Bfund 2016 Annual Report.pdf10.34 MiB
lock UMB Bfund FactSheet - March 2018.pdf228.54 KiB
lock Merban-Fund-Prospectus.pdf366.14 KiB
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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
  • Mr. Felix Kwaku Appiakorang (Chairman)
  • Mr. Ernest Pascal Gemadzie
  • Mrs. Nelly Naki Gome Abotchie.
Auditors KPMG, Chartered Accountants, 13 Yiyiwa Drive, Abelenkpe, P. O . Box 242, Accra
Custodian Stanbic Bank Limited
Trustees
Registered Office No. 57 Dr. Isert Street, North Ridge, Accra.
Place of Business No. 57 Dr. Isert Street, North Ridge, Accra.
Bankers
  • Universal Merchant Bank Limited