STANLIB Cash Trust has posted an impressive results for the financial year ending 2016. The Trust recorded growth in asset under management of GHC24.4 million from GHC10.7 million recorded in 2015. This represents a year on year growth in assets of 166 percent with earnings contributing 25 percent to the growth.
The fund had approximately 80 percent of assets in money market instruments with 7percent in government securities.
Corporate notes with maturities of less than 13 months made up 3 percent of Fund’s assets, 10 percent of the Fund was held in cash and near-cash for liquidity purposes
Full year 2016 return was 25 percent, 3 percentage points above the benchmark return of 22 percent. The tactical investments in 6-month and 1-year paper while interest rates decreased accounted for the out performance of the benchmark.
Net investment income distributed in the year also grew by 240 percent to GHC4.19 million in 2016 from GHC1.7 million.
The decline in interest rates on the short end of the market impacted 2016 fund returns of 25 percent compared to 26 percent of 2015.
Meanwhile, commenting on the outlook of the Trust, the Managing Director, Emmanuel A. Y. Asiedu was optimistic of improving on their performance as they will focus more on ensuring they do the right investment with high returns and risk averse.
“We will do the right things to stay healthy in the market,” he assured.   
He described the fund and asset management industry as a big and growing one. He said, the industry is currently growing at 60 percent.  
Adnan Adams Mohammed