CMMF(USD) Fact Sheet June 2020
Jul 1, 2020
1. FUND PERFOMANCE AVERAGE JUNE 2020 (ANNUALIZED RETURN) *PERFORMANCE SINCE INCEPTION (01-NOVEMBER-2017) Cytonn Money Market Fund (USD) 3.0% 3.0% Benchmark ( USD LIBOR + 2.0% Points) 2.2% 2.9%Jul 1, 2020
1. FUND PERFOMANCE AVERAGE 2019 JUNE 2020 (ANNUALIZED RETURN) *PERFORMANCE SINCE INCEPTION (07-OCTOBER-2019) Cytonn High Yield Fund (CHYF) 12.8% 14.0% 13.6% Benchmark (Average 182 day T- Bill + 5.0% points)Jul 1, 2020
1. FUND PERFOMANCE AVERAGE 2019 JUNE 2020 (ANNUALIZED RETURN) *PERFORMANCE SINCE INCEPTION (01-NOVEMBER-2017) Cytonn Money Market Fund (KES) 10.9% 10.7% 11.1% Benchmark ( Average 91 day T- Bill + 1.0% point)Financial Planning Amidst COVID-19
Jun 28, 2020
Introduction Financial planning is the systematic approach towards managing one’s finances by allocating resources in a systematic and disciplined manner in order to achieve one’s financial goals and objectives. A sound financial plan is important as it helps reduce and possibly eliminate financial distress that may arise from various responsibilities and unexpected situations. Earlier in February 2020, we had discussed this topic on our Personal Financial Planning topical, however, in light of the ongoing Coronavirus pandemic that has wreaked havoc in individual’s businesses, savings and financial planning efforts, we found it timely to reiterate the topic keeping in mind the new operating environment. The novel COVID-19 has greatly affected the global economy with the International Monetary Fund projecting the global economy to contract by 3.0% in 2020, a...Impact of COVID-19 Pandemic on Real Estate Funds
Jun 21, 2020
The COVID-19 pandemic started more as a global health crisis and has now triggered severe economic recessions as the impact of the pandemic continues to be significant. The Organization for Economic Co-operation and Development (OECD) in their OECD Economic Outlook, June 2020, expect global growth for 2020 to contract by 7.6% if there is a second wave of infections before end of the year and a 6.0% contraction if a second wave is avoided. There has not been any particular country or region that has been spared due to the lockdowns, which have significantly impacted trade and supply chains leading to declines in investments across the board since the beginning of the pandemic, with the S & P 500 having declined by 4.1% on a Year to Date (YTD) basis. Commodity prices have also been on a decline, with Oil recording consistent price declines resulting from low demand due to the lockdown measure. The Real estate sector, which has be...