MMF's are your safest bet in times of high volatility but not for growth only for capital preservation as they invest in gov't backed securities,et al so unless there's a coup,your chums are k-ok.


if you can not be kind,at least have the decency to be vague

If it is the NSE,take positions. If you've not already noted,some of the prices you are seeing may be the lowest in a while. Procrastination perhaps? pesa ni zako lakini.

@richsure,in any unit trust investment,you have 3 key players:

1. The fund manager - AA
2. The custodian - ??
3. The trustee - ??

The custodian receives all investor funds and gets a guarantee from CBK,that's why custodians have to have a minimum working capital of I think ksh.1B

The trustee ensures that the fund manager invests the fund according to the trust deed stipulations. If AA,or any other fund manager for that matter,went down,investor funds are not in their balances,rather in the different securities they've invested in. CMA & CBK would come in to see the modalities of how you'd get your market value back. For that reason,unit trusts are very secure investments.

smano

@eli,money market funds are for capital preservation as opposed to growth and are ideal for short term investors e.g. you have money now and are eyeing a plot somewhere. before you can seal the deal,just put your funds in a MMF. You preserve capital and you exit with your return (which is compounded daily) when you need your funds. Money market yields are higher than for most banks for similar investments. They're ideal for short term investors (less than a year)coz over the long term you're not beating inflation.

smano