WHY WOULD CONSIDER ADDING IT
The majority of i nvestors using this f und will be looking for yield enhancement – that i s yields that are above those available by sticking your money i n the bank. The fund takes more risk in order to do this, materially more than what is implied in a money market f und. But the f und has been excellent i n doing this – as mentioned, it held no African Bank last year. And over the last 10 years its returns have been roughly 2% per annum higher than those achievable in cash.
editorial@ finweek.co. za