Africa Fixed Income Funds
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| NIGERIA | ||||||||||
| Name of Bank | Yield | Minimum Amont | Minimum Holding Period | Penalty For Early Withdrawal | Other Features | About | Source | |||
| Anchoria Fixed Income Fund | 5.53% | N5,000 | 180 days | 1. Moderate risk2. Short – Medium term Investment horizon | The Fund invests in Fixed-income securities like Federal Government bonds, Sub-national bonds, corporate bonds, and high-quality money market instruments in Nigeria to preserve capital and generate consistent income. The Fund’s investment objective is to generate a steady stream of income and provide a competitive return while assuming moderate risk | https://anchoriaam.com/anchoria-fixed-income-fund/ | ||||
| ARM Fixed IncomeFund | 7.69% | N5000 | 180 days | 20% of interest accrued | 1. Suitable for medium - long term investments.2. Open ended mutual fund.3. Competitive returns. 25% of the profits for each year will be reinvested, while 75% will be distributed to unitholders pro rata 4. based on their units.5. Registered with the Securities Exchange Commisssion.The Fund invests in high quality fixed income securities. | The Fund invests 35%-65% of its investment in FGN bonds, while a maximum of 50% of its investment will be invested in quality money market instruments including FGN Treasury Bills, Bankers’ Acceptances, Commercial Papers, Promissory Notes, Certificates of Deposit and other Fixed Income instruments. | https://armone.arm.com.ng/ | |||
| CardinalStone Fixed Income Alpha Fund | 8.52% | N10000 | 90 days | 20% on the income earned | 1. Minimum Subscription: ₦10,0002. Stable principal3. Semi-annual dividend payment4. Open-ended5. Low risk | The Fund's main objective is to provide investors with consistent income as well as an attractive total return in the medium to long term through investment in a variety of fixed income securities. | https://cardinalstoneassetmanagement.com/mutual-funds/#:~:text=The%20CardinalStone%20Fixed%20Income%20Alpha,the%20Securities%20and%20Exchange%20Commission. | |||
| Coronation Fixed Fund | 4.62% | N10,000 | 90 days | 15% of the income accrued | 1. The Fund is suitable for investors looking to invest for the medium to long term with moderate risk appetite.2.The fundamental objective of the Fund is to provide Unit Holders with long-term capital growth and regular income by investing primarily in a diverse portfolio of fixed income securities. | The Coronation Fixed Income Fund is an open-ended Fund that seeks to achieve an efficient balance between capital appreciation and income for investors. The fund achieves its investment objectives by investing in medium to long-term FGN, Subnational and Corporate Bonds and other eligible fixed income securities. | https://www.coronation.ng/institutional/products-solutions/asset-management/mutual-funds/coronation-fixed-income-fund/ | |||
| Zenith Income Fund | 6.36% | ₦10,000 | 10% on income earned | Risk: MediumHorizon: Long Term | The Fund seeks returns above the rate of inflation through investment in fixed grade income securities.Asset AllocationCash and Equivalents: 0%-5%Money Market Securities: 5%-30% Bond and other debt Instruments: 70%-90% | https://quantumzenithasset.com.ng/zenith-income-fund/ | ||||
| Stanbic IBTC Enhanced Short-Term Fixed Income Fund | 5.80% | N5000 | 90 days | 20% on accrued income | 1. The fund is an open-ended unit trust scheme 2. The risk profile for the fund is “Moderately Aggressive”3. The management fee is 1.25% per annum | The Fund invests a 100% of its portfolio in fixed income instruments (such as Treasury Bills, Commercial Papers, Fixed Deposits, Short Term Debt Instruments e.t.c.) | https://www.standardbank.com/nigeriaassetmanagement/individual-investor/products-and-services/mutual-funds/fixed-income-funds/Stanbic-IBTC-enhanced-short%E2%80%93term-fixed-income-fund/Stanbic-IBTC-Enhanced-Short%E2%80%93Term-Fixed-Income-Fund | |||
| Vantage Guaranteed Income Fund | N50,000 | 1. The fund pays out the minimum guaranteed return twice a year which can be re-invested into the fund | V.G.I.F is a guaranteed principal investment that is particularly suited for Investors who are seeking for safety of funds, regular income and capital growth over the long period.The Fund is benchmarked against the Central Bank of Nigeria’s Standing Deposit Facility (SDF) rate. | https://www.gtfundmanagers.com/product/guaranteed-income-fund/#:~:text=V.G.I.F%20is%20a%20guaranteed%20principal,growth%20over%20the%20long%20period. | ||||||
| United Capital Fixed Income Fund | 6.73% | N10000 | 90 days | 20% of accrued income | 1. Not exposed to equities market volatility2. Seamless entry and exit 3. Low entry threshold • Interest Rate Risk4. Professional management with robust risk framework5. Long term capital preservation and growth | The Fund’s assets are invested in Federal Government bonds, Sub-national bonds, corporate bonds and high quality money market securities. The Fund is not affected by the fluctuations in the equity markets. However, opportunities for capital appreciation are dependent on changes in interest rate. | https://unitedcapitalplcgroup.com/wp-content/uploads/2023/02/FIXED-INCOME-FUND.pdf | |||
| SFS Fixed Income Fund | 10.47% | N10,000 | 30 days | - | The Fund is aimed at resident and non-resident individual and institutional investors that:> require liquidity and have a low risk appetite; and> seek to benefit from prevailing and historically high interest rates in Nigeria in an optimal manne | The SFS Fixed Income Fund is a Double AA rated and carefully designed Savings/Financial Planning product. The Fund invests primarily in high yielding securities issued by Federal Government of Nigeria, sub-nationals and highly rated corporate institutions (with at least an “A” rating by a SEC registered rating agency) | https://www.sfsnigeria.com/services/investment-banking/investment-management/sfs-fixed-income-fund/ | |||
| Cowry Fixed Income Fund | 4.99% | N500000 | 90 days | 0.75% of accrued income | ||||||
| South Africa | ||||||||||
| Name of Bank | Yield | Minimum Amont | Minimum Holding Period | Penalty For Early Withdrawal | Other Features | About | Source | |||
| Ashburton SA Income Fund | 8.73% | R5 000 | 1. It invests in bonds that can provide a capital gain over time2. Lower return volatility is expected, compensated for by higher long-term returns3. It is ideal for a long-term interest solution in an investment portfolio4. Daily liquidity | The fund comprises of a combination of bonds, fixed deposits and other interest earning securities which have a fixed maturity date and either have a predetermined cash flow profile or are linked to benchmark yields.The fund's duration will be limited to a maximum of two years. | https://www.ashburtoninvestments.com/za/fund/ashburton-sa-income-fund/zae000162699 | https://www.ashburtoninvestments.com/docs/sa/income/ashburton-sa-income-fund/b1-class#:~:text=Instructions%20to%20redeem%20or%20repurchase,over%20time%20may%20be%20followed. | ||||
| Satrix Bond Index Fund | 7.57% | R10 000 | 1. Risk profile - Moderate | The fund will invest in a basket of permittedgovernment and corporate fixed-interest securities. | https://satrix.co.za/fund/mdd/SABIF | |||||
| SELECT BCI FIXED INCOME FUND | 8.12%% | None | 1. This portfolio has no equity exposure or in some cases up to10% equity exposure, resulting in low risk, stable investmentreturns.2. Where the asset allocation contained in this MDD reflectsoffshore exposure, the portfolio is exposed to currency risks.3. The portfolio is exposed to default and interest rate risks.4. The portfolio is suitable for shorter term investment horizons | Investments to be included in the Fund will apart from assets in liquid form, consist ofinterest bearing and non-equity securities, fixed interest instruments (including but notlimited to bonds, cash or fixed deposits and money market instruments), debenturesand preference shares of an income nature, property securities as well as other incomeenhancing securities which are considered consistent with the portfolio’s primaryobjectives. | https://www.bcis.co.za/upload/factsheet_categories_folders/funds/Select/Select%20BCI%20Fixed%20Income%20Fund%20(A)%20EFIF.pdf | |||||
| Allan Gray Bond Fund | 8.70% | R50 000 | The Bond Fund is suitable for you if:1. You want to include bonds in your investment portfolio2. You accept a higher risk of capital loss than in money market or cash investments3. You are ideally investing for at least three years | To achieve the Bond Fund’s goal, we invest in South African interest-bearing securities, including national government, parastatal, municipal and corporate bonds, as well as money market instruments and cash | https://www.allangray.co.za/globalassets/documents-repository/fund/factsheet/Allan%20Gray%20Bond%20Fund/Files/AGBD%20-%202023-07.pdf | https://www.allangray.co.za/fund-pages/bond-fund/ | ||||
| Melville Douglas STANLIB Bond Fund | 6.67% | R 50,000 | 30 days | 1. Risk profile - Moderately conservative | The SA Bond Fund is an actively managed, unconstrained, South African fixed-income strategy that aims to generate consistent and predictable long-term returns through investments in high-quality income-yielding debt securities. | https://www.melvilledouglas.co.za/funds/south-african-funds/sa-bond-fund/#:~:text=The%20SA%20Bond%20Fund%20is%20an%20actively%20managed%2C,returns%20through%20investments%20in%20high-quality%20income-yielding%20debt%20securities. | https://www.melvilledouglas.co.za/media/je5ayndi/melville_douglas_stanlib_bond_fund_a_comprehensive-31072023.pdf | |||
| M&G Bond Fund | 9.40% | R10 000 | 1. Risk profile - Low Risk | The fund invests in a combination of government, semi-government and corporate bonds, and other interest-bearing securities. No duration constraints apply | https://www.mandg.co.za/media/35426/mandg-bond-fund.pdf | https://www.mandg.co.za/personal-investor/our-funds/all-funds/mg-bond-fund/ | ||||
| FOORD BOND FUND | 11.32% | R50 000 | FOR SOUTH AFRICAN INVESTORS1. Seeking high income yields2. With prospects for capital growth3. And having a moderate investment risk profile. | The fund aims to outperform the FTSE/JSE All Bond Index over rolling three-year periods with lower risk of loss. The fund isappropriate for South African investors seeking high income yields with prospects for capital growth and who have amoderate risk profile. | https://foord.co.za/investments/unit-trusts/foord-bond-fund | https://foord.co.za/sites/default/files/2023-08/Foord%20Bond%20Fund%20Class%20B2%20at%202023-07-31.pdf | ||||
| ABSA Bond Fund | 9.09% | R2 000 | 1. A specialist fixed-income fund, ideal for medium to long term investments2. Provides affordable access and exposure to the South African bond market3. Offers diversification from equity shares4. Potential higher return and with more volatility than money market and traditional incomefunds5. Suitable for investors requiring above average income with some capital growth | Investing primarily in South African interest-bearing securities, this fund offers you affordable access and exposure to the South African bond market. | https://www.absa.co.za/personal/save-invest/products/absa-bond-fund/ | https://www.absa.co.za/content/dam/south-africa/absa/pdf/ffs/Absa-Bond-Fund.pdf | ||||
| Sanlam Investment Management Bond Plus Fund | 7.49% | R10 000 | 1. This fund gives you active exposure to the South African bond market and shouldform part of a well diversified portfolio.2. The fund aims to achieve capital growth by investing in long term fixed interestsecurities3. Risk Profile - Cautious | The fund aims to offer both income and capital growth through a well-diversifiedbond portfolio. This fund may invest 45% offshore. | https://www.sanlam.com/productcatalog/SanlamFundFactSheets/SanlamFundFactSheets/CZ_SL_SIM_Bond_Plus_Fund_B2.pdf | |||||
| Ghana | ||||||||||
| Name of Bank | Yield | Minimum Amont | Minimum Holding Period | Penalty For Early Withdrawal | Other Features | About | Source | |||
| Ecobank Fixed Income Fund | 6.10% | GHS 50 | The Ecobank Fixed Income Fund invests in a portfolio of high-quality bond securities and money market instruments such as:Federal Government Bonds, State Government Bonds, Corporate BondsFederal Government Treasury BillsBank Placements, Commercial Paper and Bankers Acceptance from CBN Approved banks and blue chip corporates | If you’re interested in fixed-term deposit placement or hybrid current accounts this could be the fund for you.The fund invests mostly in discount bonds with high yields which reduces the impact of the market-to-market effect in the fund’s overall performanceThe fund is run to seek out the best rate available in the market amongst other fixed Income securitiesThe aim of the Fund Manager is to obtain high yields and better terms for you | https://www.ecobank.com/corporate-investment-banking/wsa-management/collective-investment-schemes?id=30 | |||||
| Fidelity Fixed Income Trust | GH¢ 100.00 | 1. Diversification: Access to a wide variety of asset classes to diversify your risk.2. Professional Management: Access to the expertise of experienced professional fund managers.3. Ease and flexibility: Convenient channels to top up your investment: Mobile money, mobile banking app, Fidelity agent points and all Fidelity Bank branches nationwide.4. Liquidity: Quick and easy access to your money when needed. | The Fidelity Fixed Income Trust is designed to help you boost your income by offering steady growth on your investment. This Fund invests in high quality fixed income securities with low risk, building your wealth steadily over time and affording you the opportunity to do more with your investment income. | https://www.fidelitysecuritieslimited.com.gh/wp-content/uploads/2022/02/FINAL_FIT_DECEMBER-2021.pdf | ||||||
| Financial Independence Fund Plc | GH¢100.00 | ObjectivesEmergency Fund Short-term needs | The Financial Independence Mutual Fund is a fixed income fund that will invest in a variety of investment grade fixed income securities aimed at providing security and liquidity for investors. | https://firstfinancecompany.com/financial-independence-mutual-funds/ | ||||||
| Nimed Fixed Income Fund | 14.57% | GHS 20 | 1. Affordability – With as little as GHS 20 one can own an investment account2. Accessibility By pooling funds together, investors can collectively access a broader array of investment products they may not otherwise be able to access in their capacities.3. Diversification – NIMED Fixed Income invests in a wide range of fixed-income securities. This limits the effect of a possible decline in the value of any one security.4. Professional Investment Management- The NIMED Fixed Income is managed by skilled investment professionals who make investment decisions based on structured market research and analysis.5. Liquidity- Investors can buy and sell their shares at any time.6. Competitive Investment Return- Fund managers generate a competitive return on investment through research and diversification.7.Safety & Transparency- NIMED Capital is registered by the Securities and Exchange Commission (SEC) to provide fund management and investment advisory services to individuals and institutions. Investors receive regular updates on their investments. | NIMED Fixed Income Fund is an open-ended mutual fund established in 2020. NIMED Fixed Income Fund is a low-risk mutual fund which invests in Government of Ghana Securities and other listed fixed income securities. | https://nimedcapital.com/nimed-fixed-income-fund/#1654514454344-a4357127-c986 | |||||
| Sentinel Ghana Fixed Income Trust | 20.37% | GHS 100 | 1. Minimum permissible holdingafter partial redemption is GHS 1002. 97.93% Government Bonds | The Sentinel Ghana Fixed Income Trust (“The Trust”) isan open-ended Unit Trust that will be invested whollyin fixed income securities. The Trust seeks to achievecurrent income on a steady basis while preservingcapital | https://www.annualreportsghana.com/wp-content/uploads/2022/03/Sentinel-Ghana-Fixed-Income-Trust-IPO-Prospectus-March-2022.pdf |