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Gold Money Market Fund

The Gold Money Market Fund (GMMF) is an open-ended Mutual Fund licensed by the Securities and Exchange Commission, Ghana, which seeks to invest in a diversified class of money market securities. The Fund provides opportunities for investors seeking safe, liquid, and good returns on their investments. 
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.

Asset Allocation and Fees

Permissible Investment/ Asset Allocation

The Fund will purchase securities, which present the minimal risks whilst offering maximum returns. Under normal conditions, this may include but not limited to:


• Corporate Obligations (Bonds)


• Commercial Papers


• Certificates of Deposit/Fixed Deposits


• Bankers Acceptances


• Repurchase Agreements

Asset Class
Target Allocation
Rebalancing Range
Commercial Papers
5%
± 5
Money Market Funds
5%
± 5
Banker’s Acceptance
5%
± 5
Cash and Cash Equivalents
5%
± 5
Government of Ghana Securities
30%
± 10
Statutory Entity Bills and Bonds
10%
± 10
Foreign Government Treasuries and Bonds
10%
± 10
Bank NCD/Certificates of Deposit
10%
± 10
Corporate Bonds and Debt Obligations
20%
± 10
Repurchase Agreement
10%
± 5
Asset Class
Target Allocation
Rebalancing Range
Commercial Papers
5%
± 5
Money Market Funds
5%
± 5
Banker’s Acceptance
5%
± 5
Cash and Cash Equivalents
5%
± 5
Government of Ghana Securities
30%
± 10
Statutory Entity Bills and Bonds
10%
± 10
Foreign Government Treasuries and Bonds
10%
± 10
Bank NCD/Certificates of Deposit
10%
± 10
Corporate Bonds and Debt Obligations
20%
± 10
Repurchase Agreement
10%
± 5

 Front and Exit Load Fees

The fund manager may not charge any redemption fee as stated in the particulars.

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