Stanbic IBTC Money Market Fund is Safe Investment Vehicle- Agusto & Co

Stanbic IBTC Money Market Fund which is managed by Stanbic IBTC Asset Management has been rated a safe investment vehicle with minimal exposure to downside risk, for the second year in a row.

Agusto and Co, which rated the risk associated with investing in the Fund, assigned Stanbic IBTC Money Market Fund ‘Aa(f)’, same as they did last year reported that this is an indication of the safety of funds it manages on behalf of its clients.

“Based on our review of the Fund’s portfolio holdings over the past 12 months, and our meeting with principal officers of Stanbic IBTC Asset Management, the Agusto & Co rating committee has affirmed the fund risk rating of ‘Aa(f)’ assigned to Stanbic IBTC Money Market Fund (the Fund),” the rating agency said.

According to the agency, the rating is valid until November 2013, and the fund has minimal to low exposure to downside risk (impairment to the net asset value) in the medium term.

Amongst the factors considered in giving the fund this positive rating are the relatively conservative exposure to credit, interest rate and liquidity risks, a robust investment guideline and a diversified investor base.

Others are no currency exposure, a highly experienced and capable management team and a dynamic investment process, which the rating agency described as well established with a strong track record.

Mr. Olumide Oyetan, chief Executive Officer of the asset management company, said the positive rating is an affirmation of the company’s well established and highly regarded track record in consistently ensuring that investors’ funds are protected and also earn competitive returns.

He said, “To have been rated very highly in two consecutive years is a reflection of the extent we go to ensure that investors’ funds keep earning attractive returns while the principal is not exposed to unnecessary risks.”

Mrs. Sola David-Borha, chief executive officer of Stanbic IBTC Holdings Plc,  said, “The rating highlights Stanbic IBTC Holdings Plc’s long term strategic objective of being the leading financial solutions provider in all the market segments in which it operates through its various subsidiaries.

“Stanbic IBTC’s vision of being an end-to-end financial solutions provider is being borne out with the leading role of its subsidiaries in different segments of the market. We will continue to offer our customers and potential customers solutions designed to move them forward, whether at the individual or corporate level.”