Madison Money Market Fund

0.0000
Sun, 30 Aug 2020
Bid Price
(KES)
Offer Price
(KES)
Open
30 Aug 2020
0.0000 0.0000
Close 0.0000 0.0000
Inception Date 07 Nov 2011
Fund Manager Madison Investment Managers Limited
Management Fees 2.00%
6M Ch -
1Y Ch -
3Y Ch -

The investment objective of Madison Money Market Fund will be to achieve capital preservation. The fund will invest in short term money marketinstruments in the local and international market. The fund average maturity of assets will be less than one year. The Fund will receive regular and significant amount of income inflows which will be distributed to the unit holders. Owing to the short term nature of investments, the Fund will not be expected to attain any form of capital appreciation.

The money market fund is actively managed and guided by three investment considerations which include; (i) A Conservative to Moderate Investment Approach where the fund manager only takes up conservative to moderate risk that is appropriately priced and compensated with the return obtained while keeping in tandem with capital preservation and liquidity management. Pursuit of excess yields is secondary. The funds are monitored to ensure strict adherence to the quality and diversification and maturity requirements ii) Liquidity Management in order to provide better liquidity management, the investments in the funds generally reflect a strategy that maintains lower weighted average maturities. (iii) Broad Risk Management where the investment team uses a number of proprietary measures to monitor credit risk of individual investments and to manage overall credit exposure.

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Years of Experience with
Fund
Fund Manager
Investment Industry
Fund Type Open Ended
Fund Category Money Market Funds
Doobia Jones Ranking Unranked
Board of Directors
Auditors PKF Kenya
Custodian Equity Bank
Trustees
Registered Office Madison House, Second Floor P.O BOX 20092-00100, Nairobi
Place of Business Madison House, Second Floor P.O BOX 20092-00100, Nairobi
Bankers