Deon joined Metropolitan in1982 as a dealer in money and capital markets. He is currently Portfolio Manager of money and capital markets and one of a team of five responsible for investment strategy. He has extensive experience in all areas of portfolio management and has contributed significantly to the company's notable investment track record.
FUND OBJECTIVES AND FOCUS
The portfolio's objective is to outperform the income yield available on money market call accounts by investing in interest-bearing securities and other short-term money market instruments with a maturity of less than 12 months.
To maximise interest income and protect capital, the portfolio invests in interest-bearing securities such as bank deposits, bank acceptances and other short-term money market instruments including short-dated gilts, semi-gilts and commercial paper.
The average maturity of the underlying assets does not exceed 90 days. The portfolio aims to maintain a constant unit price.
The portfolio is a good "parking place" for investors who opt to switch from a higher risk portfolio to a low risk, high interest portfolio, especially during times of high market volatility. The portfolio is ideal for persons wishing to make a lump sum investment and then regularly transfer amounts to other more aggressive Metropolitan portfolios to benefit by rand cost averaging.