For investors preferring to invest in US Dollars, Cashmind Managers offers the option of the Cashmind Money Market Fund (USD).
The Cashmind Money Market Fund (USD) aims to provide safety and income over the short to medium term period by investing in a diversified portfolio of US dollar denominated fixed income securities with maturities of less than 18 months. The emphasis of the Cashmind Money Market Fund (USD), like that of the Cashmind Money Market Fund (KES), is on safety and high current income.
The fund composition includes bank deposits, treasury bills and (short-dated) treasury bonds, commercial paper and other dollar-denominated near cash equivalents; with defined maximal asset allocations.
This fund is also structured for investment of money for an indefinite time; with interest income being paid out monthly, quarterly, semi-annually or annually as selected by the investor. Investors will find that the return of the Cashmind Money Market Fund (USD) is competitive in the marketplace with our experienced investment committee ensuring an optimal asset mix, to maximize this fund’s yield.
We look forward to hearing from you and discussing the suitability of the Cashmind Money Market Fund (USD) for your specific circumstances. Please do not hesitate to contact our team for further information.