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Mutual Funds in Kenya: I need advice
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S.Mutaga III
#1 Posted : Saturday, October 13, 2012 12:18:01 PM
Rank: Member

Joined: 3/26/2012
Posts: 830
I have heard of Old Mutual Money Market Fund,I dont know much about the others.which mutual fund in kenya gives the highest return on investment monthly,because someone told me they pay the investors monthly...dont start criticisizing because I have said I know virtually nothing. I know you wazuans wont let me down,so kindly advise.
A successful man is not he who gets the best, it is he who makes the best from what he gets.
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mwekez@ji
#2 Posted : Saturday, October 13, 2012 12:29:01 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Unless you have become too busy to manage your portfolio, dont look for a fund manager. The management cost will eat your returns big time yet they dont deliver much - My 2 cents
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S.Mutaga III
#3 Posted : Saturday, October 13, 2012 12:41:02 PM
Rank: Member

Joined: 3/26/2012
Posts: 830
The only reason am thinking about a mutual fund is the monthly returns...the consistency...please advice on which has the most returns compared to its peers in kenya...I will not invest in it,but it is worth knowing.
A successful man is not he who gets the best, it is he who makes the best from what he gets.
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chiaroscuro
#4 Posted : Saturday, October 13, 2012 8:16:00 PM
Rank: Veteran

Joined: 2/2/2012
Posts: 1,134
Location: Nairobi
If you are in Kenya, you can easily track their performance from the daily reports in the newspapers - on the same page as the NSE table.

Decide what kind of fund you want: money market or equity or both

Money market is good for low-risk high[er] returns...most are currently earning higher than the 90-day T-Bill.

Highest returns now are available from Amana, CIC, Madison...in that order. I know who's behind CIC and Madison but I ha no clue who is behind Amana....

Equity Funds are rather poor performers; you are better off managing your own stocks - if you concentrate on blue chips, you will easily out-do the fund managers!
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mwekez@ji
#5 Posted : Monday, October 15, 2012 8:35:48 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
@chiaroscuro, what are the returns of those money market funds after deducting fund management costs?

For instance, old mutual money market fund generated 11.7% p.a. return in Septemeber while their service fee was 3% p.a meaning net return was 8.7% p.a. link... and we still havent factored the hidden costs
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maka
#6 Posted : Monday, October 15, 2012 8:54:43 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
mwekez@ji wrote:
@chiaroscuro, what are the returns of those money market funds after deducting fund management costs?

For instance, old mutual money market fund generated 11.7% p.a. return in Septemeber while their service fee was 3% p.a meaning net return was 8.7% p.a. link... and we still havent factored the hidden costs

...thats low especially when fixed income returns in form of coupon,out match that performance,even if u factor in witholding tax...
possunt quia posse videntur
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StatMeister
#7 Posted : Monday, October 15, 2012 9:39:11 AM
Rank: Veteran

Joined: 5/23/2010
Posts: 868
Location: La Islas Galápagos
What about STENDU Enterprises? Its a forex trading something that pays 30% per month, that's annualizes to 2229%.

Link http://www.wazua.co.ke/f...spx?g=posts&m=325174
A bad day fishing is better than a good day at work
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youcan'tstopusnow
#8 Posted : Monday, October 15, 2012 9:54:27 AM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Buffett should hire STENDU as his long-sought successorLaughing out loudly
GOD BLESS YOUR LIFE
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StatMeister
#9 Posted : Monday, October 15, 2012 10:14:32 AM
Rank: Veteran

Joined: 5/23/2010
Posts: 868
Location: La Islas Galápagos
youcan'tstopusnow wrote:
Buffett should hire STENDU as his long-sought successorLaughing out loudly


Somehow, some 'investors' believe in the model and buy in Pray Pray
A bad day fishing is better than a good day at work
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Aguytrying
#10 Posted : Monday, October 15, 2012 11:19:04 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
it is a well documented fact that mutual funds underperform indexes by the percentage of their management cost.
The investor's chief problem - and even his worst enemy - is likely to be himself
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