Collective Investment Schemes
We offer a wide range of investment funds under Collective Investment Schemes (CIS) to investors. Our investment policies are anchored on strategies to outperform set benchmarks and funds of similar strategies. Our clients can easily access a variety of investment solutions to achieve diversification through our portfolio allocations to Government treasuries, notes and bonds, high-grade corporate bonds and notes, other fixed income instruments, and listed equities.
With our CIS, clients can trust Ashfield to help them meet their investment goals of retirement income and planning, savings, educational expenditure, family welfare and healthcare, and many more.
Ashfield manages three (3) CIS’s Below:
Schemes
Our Collective Investment Schemes (CIS) provide a platform for investors to pool their resources together, enabling access to a diversified portfolio of assets. These schemes offer a cost-effective way to invest, as the collective pool can achieve economies of scale and greater investment opportunities. Managed by our skilled fund managers, our CIS products are structured to deliver consistent performance and long-term value for our investors.
Limitations on Redemption
A shareholder cannot redeem shares in an amount that will leave the holder with less than 20 shares or a lesser number prescribed by AIM. Any redemptions by an investor in excess of 3% of the Net Asset Value of the trust shall be settled within ten (10) working days.
• Front and Exit Load Fees
Income/Dividend Distribution Policy
The Trust shall not distribute any investment income either in the form of cash or shares to registered Shareholders. All investment income shall be reinvested into the Fund. Registered shareholders who wish to withdraw their earnings will have to either sell a part, or all of their shares held. AIM shall distribute income to shareholders in proportion to their ownership stake as at the preceding accounting date.
Limitations on Investment
The Manager shall observe the following investment restrictions under normal market conditions. The Gold Money Market Fund shall not:
- Invest in common stocks or other equity securities
- Buy or sell options
- Buy securities on margin, mortgage or pledge securities, or engage in short sales
- Act as underwriter of securities issued by others
- Issue debt securities
- Invest more than 10% of its total assets in securities of any single issuer except for the Ghana Government, its agencies or instruments
- Lend money, except in connection with repurchase agreements and for investments made in accordance
- Except with prior approval of SEC, enter into hedging transactions
- Purchase or otherwise acquire any investment in which the liabilities of the holder is unlimited
- Invest in precious metals or certificates representing them
- Invest in companies for the purpose of exercising control
- Purchase real estate, nor acquire any options, rights or interest in respect thereof provided that the Fund may invest in securities secured by real estate or in securities of companies investing in real estate
- Invest more than 20% of its total net assets at the time of borrowing and only for liquidity purposes.
- Borrow more than 10% of the total net assets of the Fund at the time of borrowing and only for liquidity purposes.
- Invest more than 10% of the total net asset value of the Fund in schemes managed by the Manager.