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Best Money Market fund in Kenya
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Impunity
#171 Posted : Tuesday, November 15, 2016 10:33:16 AM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
Angelica _ann wrote:
Impunity wrote:
heri wrote:
PeterReborn wrote:
Things are very thickPray Pray


what ia happening at Sanlam?


WHAT DO YOU MEAN Sanlam?

d'oh!

Soon and very soon the only safe bet will be GoK T/Bills and T/Bonds smile smile smile


WHAT DO YOU MEAN, YOU PEOPLE?

Sad Sad Sad
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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nashx
#172 Posted : Tuesday, November 15, 2016 10:39:10 AM
Rank: Member

Joined: 2/28/2014
Posts: 188
Location: Nairobi
Yeah please tell us....or is just coz their rates have gone down
Offering my personal finance knowledge for free
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Impunity
#173 Posted : Tuesday, November 15, 2016 10:42:09 AM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
nashx wrote:
Yeah please tell us....or is just coz their rates have gone down


And they dont keep the money in their account...their custodian bank was StanChart, last time I called to check.
So what could be the risk here?



Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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nashx
#174 Posted : Tuesday, November 15, 2016 1:26:38 PM
Rank: Member

Joined: 2/28/2014
Posts: 188
Location: Nairobi
Impunity wrote:
nashx wrote:
Yeah please tell us....or is just coz their rates have gone down


And they dont keep the money in their account...their custodian bank was StanChart, last time I called to check.
So what could be the risk here?


Yeah that's what I'm wondering too

Offering my personal finance knowledge for free
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Impunity
#175 Posted : Tuesday, November 15, 2016 2:57:14 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
nashx wrote:
Impunity wrote:
nashx wrote:
Yeah please tell us....or is just coz their rates have gone down


And they dont keep the money in their account...their custodian bank was StanChart, last time I called to check.
So what could be the risk here?



Yeah that's what I'm wondering too


Dem hafi run wey!
Sad
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Kausha
#176 Posted : Tuesday, November 15, 2016 5:02:50 PM
Rank: Member

Joined: 2/8/2007
Posts: 808
Angelica _ann wrote:
murchr wrote:
Kili wrote:
https://mobile.twitter.com/MutetiNick/status/791713979966038017?p=v



Thought some already happened?


Comparing Sanlam with the rest of the companies as the tweet is doing up here is incorrect, Life insurance suffers downturns in capital market movements which is typical of Life insurance in Kenya because of the restrictions on investments by the regulator. Unfortunately they don't have a big Short term insurance business as yet to offset that weakness which was prevalent in Jubilee, Britam and Liberty Life. The end year will be worse for those Life Insurance companies that have Banking stocks.

Money market funds have no relation to the rest of the company results under the CIS act. Banks are lending at 14% meaning they are unlikely to give anything above 12%. Throw in the management fee and any money market doing between 10-11% is returning good value. Sanlam is also part of a very large group that is very liquid.
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Impunity
#177 Posted : Tuesday, November 15, 2016 8:34:53 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
Kausha wrote:
Angelica _ann wrote:
murchr wrote:
Kili wrote:
https://mobile.twitter.com/MutetiNick/status/791713979966038017?p=v



Thought some already happened?


Comparing Sanlam with the rest of the companies as the tweet is doing up here is incorrect, Life insurance suffers downturns in capital market movements which is typical of Life insurance in Kenya because of the restrictions on investments by the regulator. Unfortunately they don't have a big Short term insurance business as yet to offset that weakness which was prevalent in Jubilee, Britam and Liberty Life. The end year will be worse for those Life Insurance companies that have Banking stocks.

Money market funds have no relation to the rest of the company results under the CIS act. Banks are lending at 14% meaning they are unlikely to give anything above 12%. Throw in the management fee and any money market doing between 10-11% is returning good value. Sanlam is also part of a very large group that is very liquid.


S'il vous plaît, merci.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Ebenyo
#178 Posted : Tuesday, January 03, 2017 2:50:15 PM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,021
Location: Kitale
Chaka wrote:
S.Mutaga III wrote:
Which is the best money market fund in Kenya? Anyone with experience with either cic,britam or old mutual?


I have experience with cic and old mutual
and judging from the daily yields as given in the daily papers old mutual would come in last..I would vouch for cic..


Customer care of CIC is wanting.
Towards the goal of financial freedom
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Angelica _ann
#179 Posted : Tuesday, January 03, 2017 2:55:56 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,937
Impunity wrote:
Kausha wrote:
Angelica _ann wrote:
murchr wrote:
Kili wrote:
https://mobile.twitter.com/MutetiNick/status/791713979966038017?p=v



Thought some already happened?


Comparing Sanlam with the rest of the companies as the tweet is doing up here is incorrect, Life insurance suffers downturns in capital market movements which is typical of Life insurance in Kenya because of the restrictions on investments by the regulator. Unfortunately they don't have a big Short term insurance business as yet to offset that weakness which was prevalent in Jubilee, Britam and Liberty Life. The end year will be worse for those Life Insurance companies that have Banking stocks.

Money market funds have no relation to the rest of the company results under the CIS act. Banks are lending at 14% meaning they are unlikely to give anything above 12%. Throw in the management fee and any money market doing between 10-11% is returning good value. Sanlam is also part of a very large group that is very liquid.


S'il vous plaît, merci.

You will be left holding monkeys as the subsidiary fold yet the mother is good and going strong!!!!!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Chaka
#180 Posted : Tuesday, January 03, 2017 3:14:27 PM
Rank: Elder

Joined: 2/16/2007
Posts: 2,114
Ebenyo wrote:
Chaka wrote:
S.Mutaga III wrote:
Which is the best money market fund in Kenya? Anyone with experience with either cic,britam or old mutual?


I have experience with cic and old mutual
and judging from the daily yields as given in the daily papers old mutual would come in last..I would vouch for cic..


Customer care of CIC is wanting.

I agree with the above sentiment..
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