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NAV on 2021/09/16
NAV on 2021/09/15 235.77
52 week high on 2021/09/16 235.79
52 week low on 2021/03/01 226.04
Total Expense Ratio on 2020/06/30 0.67
Total Expense Ratio (performance fee) on 2020/06/30 0
Incl Dividends
1 month change 0.35% 0.35%
3 month change 1.01% 1.01%
6 month change 1.97% 1.97%
1 year change 3.98% 3.98%
5 year change 6.53% 6.53%
10 year change 6.16% 6.16%
Price data is updated once a day.
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  • Sectoral allocations
Liquid Assets 156.12 4.99%
Offshore 2970.16 95.01%
  • Top five holdings
  • Performance against peers
  • Fund data  
Management company:
Old Mutual Unit Trust Managers (RF) (Pty) Ltd.
Formation date:
ISIN code:
Short name:
Namibian Call Rate



  • Fund management  
Tyrone van Wyk
Tyrone joined Old Mutual Investment Group Namibia (OMIGNAM) in January 2004 as an investment analyst. As a member of the Namibian team, he is responsible for overseeing the Namibian investment processes and the overall performance of funds under management. Prior to joining OMIGNAM, he was a trainee accountant at PricewaterhouseCoopers for three years. Tyrone has seven years' experience in the asset management industry, and 10 years' experience in the financial services industry.

  • Fund manager's comment

Old Mutual Nedbank Namibia Corp comment - Sep 19

2019/11/01 00:00:00
The money market curve continued to flatten in the third quarter of 2019, with both long and short rates coming down. On the short end the 3-month JIBAR dropped quite significantly from 7.03% in the second quarter to 6.79% in the third quarter. The 12-month JIBAR rate decreased from 7.74% in Q2 to 7.68% in the third quarter. The spread between the 3- and 12-month JIBAR increased from 71 basis points (bps) to 87bps during the quarter.
The rand fared better in the beginning of the third quarter, which could be attributed to optimism around improving economic fundamentals as GDP in Q2 was recorded at 3.1% growth, after a sharp contraction in Q1 of 3.1%. The rand had a rather volatile quarter, strengthening considerably to R13.80 to the US dollar by 19 July, and weakening to R15.40 by 19 August. Overall, the rand has lost some ground during the quarter, which may be attributed to the threat of a Moody’s rating downgrade, and Fitch affirming Eskom’s negative rating and citing concerns of its risk to the South African economy. The South African economy requires concerted policy effort, effective deterring of corruption and structural changes for a path to sustainable recovery.
South African inflation (CPI) decreased slightly (by 0.2%) from 4.5% end of June to 4.3% end of August. Namibian inflation also continued to decrease, lowering from 4.1% end of May to 3.7% end of August.
The gap between Namibian Treasury bills and negotiable certificates of deposit (NCDs) has closed such that we perceive little value in increasing our exposure to Treasury bills, and thus continue to add to NCD positions in the belly of the curve. The fund’s outperformance of the benchmark continues.
  • Fund focus and objective  
The fund aims to deliver a regular income and to outperform bank deposits over time, while preserving capital.
This fund is suited to investors who want a liquid investment that delivers a regular income and/or maximum capital protection, but who understand that their investment is unlikely to keep pace with inflation if held in the long term. It is also suitable for investors wanting to reduce timing risks by phasing a lump sum into the stock market over time.
The fund invests in money market securities with a maximum average maturity of 180 days. At least 35% of the portfolio is invested in Namibian instruments.

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