{"id":470398,"date":"2011-07-29T09:23:59","date_gmt":"2011-07-29T09:23:59","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/07\/29\/stanbic-income-fund-investors-hit-gold-mine\/"},"modified":"2011-07-29T09:23:59","modified_gmt":"2011-07-29T09:23:59","slug":"stanbic-income-fund-investors-hit-gold-mine","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/07\/29\/stanbic-income-fund-investors-hit-gold-mine\/","title":{"rendered":"Stanbic Income Fund Investors Hit Gold Mine"},"content":{"rendered":"
\n
\"\"<\/a><\/p>\n

Kwabena Boamah – Portfolio Manager of Stanbic Investment Management Services<\/p>\n<\/div>\n

Individual and institutional investors, who invested in the Stanbic Income Fund (SIF) in January, this year, saw their investment shoot up by 14.35 per cent as at June 30, this year.<\/p>\n

The Stanbic Income Fund started trading on January 6, 2011 at a price of GH\u00a21.00.<\/p>\n

As at the end of June 2011, the fund price increased to GH\u00a21.1435.\u00a0 The figure translates into a mid-year return of 14.35 per cent with an annualized return of 28.7 per cent.<\/p>\n

\u201cWe hope to raise this figure to 18 per cent by the end of 2011,\u201d the Portfolio Manager of Stanbic Investment Management Services, Kwabena Boamah told journalists in Accra on Tuesday.<\/p>\n

As at June this year, the annual rate of return of the government\u2019s Treasury Bill for 91 days and 182 days stood at 12.6 per cent while that of 1-year note and 2-year note stood at 12.7 per cent.<\/p>\n

Mr. Boamah said the fund\u2019s performance was propelled by its diverse fixed income portfolio with a heavy weighting on government bonds.\u00a0 The fund, he noted, also made investments in fixed deposits with a weighted average yield of 15 per cent.<\/p>\n

\u201cSIF currently has 41 per cent of the funds under management in government bonds, 50 per cent in fixed deposits and six per cent in equities,\u201d he stated.<\/p>\n

Currently, interest rates have declined and remain stable on the back of a single digit inflation and liquidity in the money market but Mr Boamah assured investors that the fund managers would continue to hold bonds at current yield and identify cheap short term paper with upside potential to improve returns.<\/p>\n

\u201cEquities would also be keenly looked at for value and income,\u201d he stated.<\/p>\n

SIF is a fixed income opened-ended unit trust offered to investors who are seeking to maximize short-term income as well as long-term substantial income and capital appreciation.\u00a0\u00a0\u00a0 The fund seeks to achieve its stated objective by investing 75 per cent of its assets in fixed income securities including corporate and government bonds, fixed deposits and other debt securities.<\/p>\n

A maximum of 15 per cent of the fund would be invested in equities with five per cent of the assets in alternative instruments.<\/p>\n

\u201cThe fund aims to achieve competitive returns on its assets while safeguarding capitals,\u201d Mr Boamah noted, disclosing that the fund offers flexibility for investing in any business day and also offers liquidity for withdrawals at the investors\u2019 request.<\/p>\n

By Felix Dela Klutse<\/em><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Kwabena Boamah – Portfolio Manager of Stanbic Investment Management Services Individual and institutional investors, who invested in the Stanbic Income Fund (SIF) in January, this year, saw their investment shoot up by 14.35 per cent as at June 30, this year. The Stanbic Income Fund started trading on January 6, 2011 at a price of GH\u00a21.00. As at the end of June 2011, the fund price increased to GH\u00a21.1435.\u00a0 The figure translates into a mid-year return of 14.35 per cent with an annualized return of 28.7 per cent. \u201cWe hope to raise this figure to 18 per cent by the end of 2011,\u201d the Portfolio Manager of Stanbic Investment Management Services, Kwabena Boamah told journalists in Accra on Tuesday. As at June this year, the annual rate of return of the government\u2019s Treasury Bill for 91 days and 182 days stood at 12.6 per cent while that of 1-year note and 2-year note stood at 12.7 per cent. Mr. Boamah said the fund\u2019s performance was propelled by its diverse fixed income portfolio with a heavy weighting on government bonds.\u00a0 The fund, he noted, also made investments in fixed deposits with a weighted average yield of 15 per cent. \u201cSIF currently has 41 per cent of the funds under management in government bonds, 50 per cent in fixed deposits and six per cent in equities,\u201d he stated. Currently, interest rates have declined and remain stable on the back of a single digit inflation and liquidity in the money market but Mr Boamah assured investors that the fund managers would continue to hold bonds at current yield and identify cheap short term paper with upside potential to improve returns. \u201cEquities would also be keenly looked at for value and income,\u201d he stated. SIF is a fixed income opened-ended unit trust offered to investors who are seeking to maximize short-term income as well as long-term substantial income and capital appreciation.\u00a0\u00a0\u00a0 The fund seeks to achieve its stated objective by investing 75 per cent of its assets in fixed income securities including corporate and government bonds, fixed deposits and other debt securities. A maximum of 15 per cent of the fund would be invested in equities with five per cent of the assets in alternative instruments. \u201cThe fund aims to achieve competitive returns on its assets while safeguarding capitals,\u201d Mr Boamah noted, disclosing that the fund offers flexibility for investing in any business day and also offers liquidity for withdrawals at the investors\u2019 request. By Felix Dela Klutse <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-470398","post","type-post","status-publish","format-standard"],"yoast_head":"\nStanbic Income Fund Investors Hit Gold Mine - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2011\/07\/29\/stanbic-income-fund-investors-hit-gold-mine\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Stanbic Income Fund Investors Hit Gold Mine - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"Kwabena Boamah - Portfolio Manager of Stanbic Investment Management Services Individual and institutional investors, who invested in the Stanbic Income Fund (SIF) in January, this year, saw their investment shoot up by 14.35 per cent as at June 30, this year. The Stanbic Income Fund started trading on January 6, 2011 at a price of GH\u00a21.00. As at the end of June 2011, the fund price increased to GH\u00a21.1435.\u00a0 The figure translates into a mid-year return of 14.35 per cent with an annualized return of 28.7 per cent. \u201cWe hope to raise this figure to 18 per cent by the end of 2011,\u201d the Portfolio Manager of Stanbic Investment Management Services, Kwabena Boamah told journalists in Accra on Tuesday. As at June this year, the annual rate of return of the government\u2019s Treasury Bill for 91 days and 182 days stood at 12.6 per cent while that of 1-year note and 2-year note stood at 12.7 per cent. Mr. Boamah said the fund\u2019s performance was propelled by its diverse fixed income portfolio with a heavy weighting on government bonds.\u00a0 The fund, he noted, also made investments in fixed deposits with a weighted average yield of 15 per cent. \u201cSIF currently has 41 per cent of the funds under management in government bonds, 50 per cent in fixed deposits and six per cent in equities,\u201d he stated. Currently, interest rates have declined and remain stable on the back of a single digit inflation and liquidity in the money market but Mr Boamah assured investors that the fund managers would continue to hold bonds at current yield and identify cheap short term paper with upside potential to improve returns. \u201cEquities would also be keenly looked at for value and income,\u201d he stated. SIF is a fixed income opened-ended unit trust offered to investors who are seeking to maximize short-term income as well as long-term substantial income and capital appreciation.\u00a0\u00a0\u00a0 The fund seeks to achieve its stated objective by investing 75 per cent of its assets in fixed income securities including corporate and government bonds, fixed deposits and other debt securities. A maximum of 15 per cent of the fund would be invested in equities with five per cent of the assets in alternative instruments. \u201cThe fund aims to achieve competitive returns on its assets while safeguarding capitals,\u201d Mr Boamah noted, disclosing that the fund offers flexibility for investing in any business day and also offers liquidity for withdrawals at the investors\u2019 request. By Felix Dela Klutse\" \/>\n<meta name=\"twitter:image\" content=\"http:\/\/www.dailyguideghana.com\/wp-content\/uploads\/2011\/07\/kwabena_boamah.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:site\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/07\/29\/stanbic-income-fund-investors-hit-gold-mine\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/07\/29\/stanbic-income-fund-investors-hit-gold-mine\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Stanbic Income Fund Investors Hit Gold Mine\",\"datePublished\":\"2011-07-29T09:23:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/07\/29\/stanbic-income-fund-investors-hit-gold-mine\/\"},\"wordCount\":405,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/07\/29\/stanbic-income-fund-investors-hit-gold-mine\/#primaryimage\"},\"thumbnailUrl\":\"http:\/\/www.dailyguideghana.com\/wp-content\/uploads\/2011\/07\/kwabena_boamah.jpg\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.ghanamma.com\/2011\/07\/29\/stanbic-income-fund-investors-hit-gold-mine\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/07\/29\/stanbic-income-fund-investors-hit-gold-mine\/\",\"url\":\"https:\/\/www.ghanamma.com\/2011\/07\/29\/stanbic-income-fund-investors-hit-gold-mine\/\",\"name\":\"Stanbic Income Fund Investors Hit Gold Mine - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/07\/29\/stanbic-income-fund-investors-hit-gold-mine\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/07\/29\/stanbic-income-fund-investors-hit-gold-mine\/#primaryimage\"},\"thumbnailUrl\":\"http:\/\/www.dailyguideghana.com\/wp-content\/uploads\/2011\/07\/kwabena_boamah.jpg\",\"datePublished\":\"2011-07-29T09:23:59+00:00\",\"author\":{\"@id\":\"\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.ghanamma.com\/2011\/07\/29\/stanbic-income-fund-investors-hit-gold-mine\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/07\/29\/stanbic-income-fund-investors-hit-gold-mine\/#primaryimage\",\"url\":\"http:\/\/www.dailyguideghana.com\/wp-content\/uploads\/2011\/07\/kwabena_boamah.jpg\",\"contentUrl\":\"http:\/\/www.dailyguideghana.com\/wp-content\/uploads\/2011\/07\/kwabena_boamah.jpg\"},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/#website\",\"url\":\"https:\/\/www.ghanamma.com\/2011\/\",\"name\":\"Ghanamma.com\",\"description\":\"News In Ghana - Latest Ghana News Headlines\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.ghanamma.com\/2011\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Stanbic Income Fund Investors Hit Gold Mine - Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/2011\/07\/29\/stanbic-income-fund-investors-hit-gold-mine\/","twitter_card":"summary_large_image","twitter_title":"Stanbic Income Fund Investors Hit Gold Mine - Ghanamma.com","twitter_description":"Kwabena Boamah - Portfolio Manager of Stanbic Investment Management Services Individual and institutional investors, who invested in the Stanbic Income Fund (SIF) in January, this year, saw their investment shoot up by 14.35 per cent as at June 30, this year. The Stanbic Income Fund started trading on January 6, 2011 at a price of GH\u00a21.00. As at the end of June 2011, the fund price increased to GH\u00a21.1435.\u00a0 The figure translates into a mid-year return of 14.35 per cent with an annualized return of 28.7 per cent. \u201cWe hope to raise this figure to 18 per cent by the end of 2011,\u201d the Portfolio Manager of Stanbic Investment Management Services, Kwabena Boamah told journalists in Accra on Tuesday. As at June this year, the annual rate of return of the government\u2019s Treasury Bill for 91 days and 182 days stood at 12.6 per cent while that of 1-year note and 2-year note stood at 12.7 per cent. Mr. Boamah said the fund\u2019s performance was propelled by its diverse fixed income portfolio with a heavy weighting on government bonds.\u00a0 The fund, he noted, also made investments in fixed deposits with a weighted average yield of 15 per cent. \u201cSIF currently has 41 per cent of the funds under management in government bonds, 50 per cent in fixed deposits and six per cent in equities,\u201d he stated. Currently, interest rates have declined and remain stable on the back of a single digit inflation and liquidity in the money market but Mr Boamah assured investors that the fund managers would continue to hold bonds at current yield and identify cheap short term paper with upside potential to improve returns. \u201cEquities would also be keenly looked at for value and income,\u201d he stated. 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