Investec Money Market Fund
MANAGEMENT Fund Manager's Comment
Lisa MacLeod, BSc (Hons) (Finance), CFA,
Lisa is responsible for managing cash assets at Investec Asset Management. Her portfolio management duties include running the Investec Money Market Unit trust and Investec Money Fund. Lisa began her career at the company in 1997 as a money market dealer, and later as a bond dealer. Prior to Investec Asset Management, Lisa spent two years working in London gaining exposure to the fixed income area at SBC Warburg and later joined Deustche Morgan Grenfell. She obtained a Bachelor of Business Science Honours degree in Finance from the University of Cape Town in 1995 and in 2000 was awarded the Chartered Financial Analyst charter.
Vivienne Taberer, B Com, LLB, SFA
Vivienne is an investment specialist in the Global Emerging Market Debt team and a portfolio manager. She is responsible for Latin American bond and currency markets. Prior to joining the firm in 2002, Vivienne worked at Standard Bank in London for seven years, initially specialising in South African fixed income before moving into sales and trading across the whole spectrum of emerging market debt. Prior to this, Vivienne worked at Mizuho International in London and First National Bank trading South African bonds, bond options, FRAs and swaps. Vivienne graduated from the University of the Witwatersrand with a Bachelor of Commerce degree and a Bachelor of Laws degree and she has completed the London School of Business Investment Management Programme.
FUND OBJECTIVES AND FOCUS

Investment objective The Investec Money Market Fund aims to earn a higher level of income than fixed deposits and call deposits over time, while protecting capital and providing investors with immediate liquidity. The fund targets returns in excess of the STeFI 3-month money market index, measured over one year periods. Strategy The fund invests in a range of South African money market instruments. These assets include bankers' acceptances, debentures, negotiable certificates of deposit, treasury bills and call accounts. The fund may only invest in money market instruments with a maturity of less than one year and its average duration may not exceed three months. Fund features o Capital preservation with minimal volatility o Compelling alternative to current and savings accounts o Ideal vehicle to "park" money short-term o A highly liquid investment o Lower volatility than traditional income and bond funds o Compliant with Regulation 28 of the Pension Funds Act, therefore suitable for retirement funds


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WEBGRAPH
RANKING
SectorSouth African-Interest Bearing-Money Market
SizeR32,221,190,520
Sector Rank: 24 out of 27
(lump sum over 3 years to 31 July 2017)
Overall Rank: 362 out of 818
(lump sum over 3 years to 31 July 2017)
R1000 invested on 31 July 2014 was worth R 1211 at 31 July 2017
( 6.58% annual compound return)
R100 per month since 31 July 2014 was worth R 4005 at 31 July 2017
( 6.82% annual return compounded monthly)
TECHNICAL OVERVIEW
Formation Date:02 MAY 1997 Holdings:108
Original Price:100 Pricing:Forward
Top Holdings on 31 July 2017
Share (Sector)No.Value% of Fund
BONDS (Bond)0981,675,809 3.05 %
CASH (Cash on call)01,150,333,591 3.57 %
MONEYMARK (Money Market)08,528,964,057 26.47 %
TOTAL R10,660,973,45733.09%

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