May newsletter
May newsletter May 2021 Welcome to the May issue of our monthly newsletter. Global economic recovery gained further momentum during the first quarter of 2021 due to the effects of the monetary and fiscal stimulus measures in economies worldwide. The continued success of vaccination efforts internationally increased the optimistic sentiment about the re-opening of economies […]
What is a money market fund?
What is a money market fund? May 2021 The recent announcement by Absa that the 25-year-old Absa Money Market Fund will be closed came as a shock to pundits and investors alike. Investors have until 6 July 2021 to move their funds to another account before the R80 billion fund, the third biggest unit trust […]