top of page
Frame sqsadadwqdqwdsadqwdq2828.png
logo-white.png

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.

logo-white.png

Limitations on Investment
 

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


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

Income/Dividend Distribution Policy

​

The Trust does not distribute any investment income either in the form of cash or shares to registered Shareholders. All investment income is reinvested into the Fund. Registered shareholders who wish to withdraw their earnings will have to either sell a part, or all of their shares. AIM distributes 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:

  1.  Invest in common stocks or other equity securities

  2. Buy or sell options

  3.  Buy securities on margin, mortgage or pledge securities, or engage in short sales

  4. Act as underwriter of securities issued by others

  5. Issue debt securities

  6.  Invest more than 10% of its total assets in securities of any single issuer except for the Ghana Government, its agencies or instruments

  7.  Lend money, except in connection with repurchase agreements and for investments made in accordance

  8.  Except with prior approval of SEC, enter into hedging transactions

  9. Purchase or otherwise acquire any investment in which the liabilities of the holder is unlimited

  10.  Invest in precious metals or certificates representing them

  11. Invest in companies for the purpose of exercising control

  12. 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

  13.  Invest more than 20% of its total net assets at the time of borrowing and only for liquidity purposes.

  14. Borrow more than 10% of the total net assets of the Fund at the time of borrowing and only for liquidity purposes.

  15. nvest more than 10% of the total net asset value of the Fund in schemes managed by the Manager.

bottom of page