Ninety One Global Strategy Fund - US Dollar Money Fund Z Acc USD
ISIN LU2698481111 / Valor 13046798
Ninety One Global Strategy Fund - US Dollar Money Fund Z Acc USD
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General Objective
The Fund aims to provide a US dollar income return at the rate available in the wholesale Eurocurrency market. It is a short-term, variable net asset value money market fund that aims to preserve capital, although this is not guaranteed.
Fund Exposure
The Fund normally invests in bank deposits repayable within six months and money market instruments with a lifespan of up to one year. Investments are priced or hedged back into US dollars, and the Fund is actively managed by the Investment Manager to achieve its objectives. The Overnight SOFR Index is used for performance comparison, although the Fund cannot replicate the benchmark index.
Risks
While the Fund aims to preserve capital, there is no guarantee of this. Additionally, as an actively managed fund, the Investment Manager has the freedom to select investments that may not resemble the components of the benchmark index. Any income due from the investment is paid out to investors, and shares in the Fund can typically be bought or sold on any business day.
Source
https://ninetyone.com/en/international/funds-strategies/funds/us-dollar-money-i-acc-usd-lu0439319624
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