31st October 2014

FACTSHEET

OLD MUTUAL MONEY MARKET FUND

FUND DETAILS
Fund Manager: Old Mutual Investment Group (K) Ltd
Custodian: KCB Custody Services
Trustee: Kenya Commercial Bank Ltd
Auditors: Pricewaterhouse Coopers

INVESTMENT COMMENTARY
The year on year inflation rate declined for the second consecutive month to
settle at 6.4% from 6.6% in September mostly from lower food, energy and
transport costs. Food prices registered a 0.5% decline during the month while
housing and electricity costs decreased by 0.2% which led to a -0.2% monthon-month inflation performance.
The 364 day T-Bill continued to see increased demand throughout the month
compared to the 91 day and the 182 day T-Bill indicating that most investors
expect interest rates to be low and contained in line with the inflation rate
expectations. The month was also characterised by increased liquidity from
the high maturities from various corporate bonds. The interbank liquidity has
remained relatively high during the month.

Launch date: 24 March 2003

Minimum Investment: Kes 1,000
Minimum Top up: Kes 1,000

We expect the Money Market rate to remain competitive with respect to

interest rates on comparative investments such as bank deposits and savings
accounts for investors.

Current Average Yield: 7.5%

Fund Size: Kes 6.06 bn

OLD MUTUAL MONEY MARKET FUND

PERFORMANCE

Initial Fee: 0%
Service Fee: 3% p.a
Risk Profile: Low

INVESTMENT OBJECTIVES
The Old Mutual Money Market Fund is designed for investors with a low risk
appetite and a need for security of principal with an objective of providing a
yield in excess of that available in savings accounts and other bank accounts.
The Fund invests in Treasury Bills, Treasury Bonds, Corporate Notes, Fixed
Deposits and Cash on Call Deposits.
Money Market Fund offers immediate liquidity allowing investors easy access
to their funds within a few days in contrast to fixed (term) deposits, saving
accounts and Treasury bills where you must wait for the investment to mature.
The Funds benchmark is the 182 day Treasury Bill.

OLD MUTUAL MONEY MARKET FUND

ASSET ALLOCATION

Income distribution is paid monthly and can be reinvested into the purchase of
additional units upon request.
The Fund is valued on a daily basis and the yield is available in the national
papers or from Old Mutual on the contacts provided below. In addition free
financial advice is available to assist in determining the suitability of the Fund
for your circumstances.

This fact sheet is for information purposes only and is not a solicitation to buy or sell. The price of units and the income from them can go down as well as up,
up
as a result of changes in the value of underlying securities. Past performance is not necessarily a guide to future investment performance. An investor may not
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d
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get back
your units may be
Please note that income distributions to unit holders on Old Mutual Funds are subject to withholding taxes.
For further information please contact: Old Mutual Investment Services (K) Ltd Old Mutual Building Corner of Mara/Hospital
Road | P.O. Box 30059, GPO 00100 Nairobi, Kenya | Tel: +254-(0)20-2829 333 | Fax: +254-(0)20-2722 415 | Email:
ut@oldmutualkenya.com | Website: www.oldmutualkenya.com
REGULATED BY THE CAPITAL MARKETS AUTHORITY

FACTSHEET

OLD MUTUAL BOND FUND

FUND DETAILS
Fund Manager: Old Mutual Investment Group (K) Ltd
Custodian: KCB Custody Services
Trustee: Kenya Commercial Bank Ltd
Auditors: Pricewaterhouse Coopers

31st October 2014

INVESTMENT COMMENTARY
The year on year inflation rate declined for the second consecutive month to
settle at 6.4% from 6.6% in September mostly from lower food, energy and
transport costs. The food prices registered a 0.5% decline during the month
while the housing and electricity costs decreased by 0.2% which led to a -0.2%
month-on-month inflation performance.
The 364 day T-Bill has continued to see increased demand throughout the
month compared to the 91 day and the 182 day T-Bill indicating that most
investors expect interest rates to be low and contained in line with the inflation
rate expectations. The Central Bank is seeking to raise KES 15.0bn, in the first
tranche of the KES 35bn Infrastructure bond through a tap sale offer of a 12
year infrastructure bond with an 11% coupon rate from 28th October 2014 to
20th November 2014.

Launch date: 28 October 2008

Minimum Investment: Kes 50,000
Minimum Top up: Kes 5,000

As such, the outlook for interest bearing assets remains favourable in the
medium term as rates remain relatively high and are expected to be stable
while continuing to deliver income in the form of interest payments.

Fund Size: Kes 81.93 mn

Initial Fee: 1.75% - 2.00%

OLD MUTUAL BOND FUND PERFORMANCE

Service Fee: 3% p.a

Risk Profile: Low to Medium

INVESTMENT OBJECTIVES
The Old Mutual Bond Fund Is designed for investors with a medium term
investment horizon with an objective of providing a reasonable total return by
way of capital growth and an income return.
Income distribution is paid quarterly and can be used to purchase additional
units upon request to enhance returns through compounded growth.
The Fund invests in Treasury Bonds, Corporate Notes, Fixed Deposits and
Cash on Call Deposits.
We envisage that Bond Fund over the medium to long term will provide a
return in excess of that achievable by holding saving deposit accounts or
treasury bills.
The Funds benchmark is the 182 day Treasury Bill plus 2%.
The Fund is valued on a daily basis and unit prices are available in the
national papers or from Old Mutual on the contacts provided below. In
addition free financial advice is available to assist in determining the suitability of the Fund for your circumstances.

This fact sheet is for information purposes only and is not a solicitation to buy or sell. The price of units and the income from them can go down as well as up,
as a result of changes in the value of underlying securities. Past performance is not necessarily a guide to future investment performance. An investor may not
get back the full amount invested and in certain circumstances the right to redeem your units may be suspended.
Please note that income distributions to unit holders on Old Mutual Funds are subject to withholding taxes.
For further information please contact: Old Mutual Investment Services (K) Ltd Old Mutual Building Corner of Mara/Hospital
Road | P.O. Box 30059, GPO 00100 Nairobi, Kenya | Tel: +254-(0)20-2829 333 | Fax: +254-(0)20-2722 415 | Email:
ut@oldmutualkenya.com | Website: www.oldmutualkenya.com
REGULATED BY THE CAPITAL MARKETS AUTHORITY