Money Market Fund 2020-11-04T17:01:38+00:00

Money Market Fund

SNN Money Market Fund is an actively managed money market fund that seeks to preserve capital, ensure liquidity and provide attractive monthly returns. This fund aims to achieve a level of income above the STeFI Call deposit index. The portfolio may invest in money market instruments issued by local and foreign banks, treasury bills by government institutions and public entities. Where the mandate allows, credit risk is taken judiciously by investing in select, liquid corporate and parastatal money market instruments. All instruments included in the portfolio must have a maturity of no more than 13 months, with the average maturity not exceeding 120 days.