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Enwealth Equity Fund

Investment Objective

The fundamental investment objective of the Enwealth Equity Fund is to provide an efficient investment medium whereby investors can participate in a portfolio that will seek to provide total return, in the form of both income and capital growth.

This will be consistent with the fund investing a minimum of 60% of the market value of its assets under management in equities listed locally, listed in other regulated exchanges or unlisted equities at all times.
Any funds not invested in equities shall only be invested in cash and cash equivalents.

The guiding Investment principles for the Enwealth Equity fund are:

  • Solid mix of high-performance shares is selected.
  • Realize capital gains when appropriate.
  • By thorough research, to select stocks in companies with proven performance and good prospects for growth.
  • Spread shareholdings over those economic sectors that meet the criteria of performance and growth.
  • Manage the portfolio according to best practice of prudence investment.
  • Invest in money market instruments spread amongst institutions of repute.
  • Minimize losses, while maximizing on investment returns, by investing in high quality shares and money market investments.
  • Ensure the Fund retains an acceptable level of liquidity to meet any liquidation obligations within the promised timelines.

Permissible assets

The Enwealth Equity Fund will predominantly invest its assets in the Kenyan investment markets at all times and will be permitted to make investments in a mix of equity securities, to the maximum permitted by the Act, and any other securities, which may be included in a portfolio in terms of the Act and relevant legislation, which are consistent with the portfolio’s investment policy.

The Fund Manager may from time to time invest in participatory interests or any other form of participation in portfolios of collective investment schemes or other similar collective investment schemes, as the Act may allow from time to time.

Where the aforementioned schemes are operated in territories other than Kenya, participatory interests or any other form of participation in portfolios of these schemes will be included in the portfolio only where the regulatory environment is to the satisfaction of the Fund Manager and the Trustee and of sufficient standards.

The following asset classes are considered to be appropriate investments for the schemes:

  • Listed shares on the Nairobi Securities Exchange or other regional exchanges.
  • Short term money market instruments, including cash, call and fixed deposits;
  • East African government securities including treasury bills, treasury bonds, infrastructure bonds;
  • Corporate bonds and commercial papers of suitable credit rating as determined by the Fund Manager;
  • Offshore securities.

Key Features of the Fund

Investment Attribute Description
Suitability

Suitable for investors with:

  • Moderate to high risk appetite
  • Low Liquidity Needs
Purchase Price Based on Daily Net Asset Value per Share
Charges
  • No preliminary or initial fee
  • No redemption fees
Initial Investment *KES 1,000
Minimum Monthly top up *KES 1,000
Purchase price of determination Processed at the end of every day and published on a newspaper with national circulation

Distribution Dates

Distribution of dividend income earned shall take place on a half yearly basis and credited to the respective investor portfolio.

Disclaimer

  • There are no guarantees on the client’s capital as the performance of units and interest- bearing investments in the underlying unit trust determines the value of the unit holders in the Fund.
  • The yield of units can go down as well as up as a result of changes in the value of the underlying investments.
  • Past performance should not be used as a guide to future investment performance.
  • The investment may be held in any number of funds, combination, or proportions subject to the fund minimums. These unit trusts can be selected to suit different investment needs and they can be combined to build a diversified portfolio.
  • The yield of units or the price of units, and the unit’s income and distributions may vary.
  • In certain specified circumstances investors’ right to redeem their units may be suspended.

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