Institutional Funds
STeFI Plus Funds
Our STeFI Plus Composite consists of funds that target high cash returns through active interest management and yield enhancement.
Yield Enhanced A STeFI+ Short Term
The Futuregrowth Yield Enhanced A STeFI+ Short Term Composite targets high cash returns through active interest rate risk management, active yield curve bets, moderate credit concentrations in lower rated entities, credit arbitrage, moderate market and credit derivative usage.
For more information on this fund, please email fundinfo@futuregrowth.co.za.
The Composite’s weighted average rated credit quality must be a minimum of A-. The benchmark is the South African STeFI Composite Index.
Objective
The Composite aims to outperform the STeFI + 0.25% per annum over a rolling 12-month period.
Composition
The Composite invests in a wide range of government, parastatal, corporate debt, securitised and money market assets, subject to credit committee approval and whose relative value is expected to increase over time. 100% of this Composite can be invested in unlisted credit.
Yield Enhanced Strategy
Our yield enhanced strategy relies on maintaining strong relationships with market players. This allows us to see a large degree of dealflow on a continuous basis and keep an eye on ever-evolving credit events in the market. In the unlisted space, our specialist structuring skills allow us to make loans that ensure lenders achieve the greatest degree of investor protection through loan terms, covenants and security while ensuring risk-adjusted returns with good diversification.
Yield Enhanced A STeFI+
The Futuregrowth Yield Enhanced A STeFI+ Composite targets high cash returns through active interest rate risk management, active yield curve bets, moderate credit concentrations in lower rated entities, credit arbitrage, moderate market and credit derivative usage.
For more information on this fund, please email fundinfo@futuregrowth.co.za.
The Composite’s weighted average rated credit quality must be a minimum of A+ (AA/AA- if converted to official ratings). The benchmark is the South African STeFI Composite Index.
Objective
The Composite aims to outperform the STeFI + 1.37% per annum over a rolling 12-month period.
Composition
The Composite invests in a wide range of government, parastatal, corporate debt, securitised and money market assets, subject to credit committee approval and whose relative value is expected to increase over time. 100% of this Composite can be invested in unlisted credit.
Yield Enhanced Strategy
Our yield enhanced strategy relies on maintaining strong relationships with market players. This allows us to see a large degree of dealflow on a continuous basis and keep an eye on ever-evolving credit events in the market. In the unlisted space, our specialist structuring skills allow us to make loans that ensure lenders achieve the greatest degree of investor protection through loan terms, covenants and security while ensuring risk-adjusted returns with good diversification.
Yield Enhanced BBB STeFI+
The Futuregrowth Yield Enhanced BBB STeFI+ Composite targets high cash returns through active interest rate risk management, active yield curve bets, high credit concentrations in lower rated entities, credit arbitrage, high market and credit derivative usage.
For more information on this fund, please email fundinfo@futuregrowth.co.za.
The Composite’s weighted average rated credit quality must be a minimum of BBB. The benchmark is the South African STeFI Composite Index.
Objective
The Composite aims to outperform the STeFI + 4% per annum over a rolling 12-month period.
Composition
The Composite invests in a wide range of government, parastatal, corporate debt, securitised and money market assets, subject to credit committee approval and whose relative value is expected to increase over time. 100% of this Composite can be invested in unlisted credit.
Yield Enhanced Strategy
Our yield enhanced strategy relies on maintaining strong relationships with market players. This allows us to see a large degree of dealflow on a continuous basis and keep an eye on ever-evolving credit events in the market. In the unlisted space, our specialist structuring skills allow us to make loans that ensure lenders achieve the greatest degree of investor protection through loan terms, covenants and security while ensuring risk-adjusted returns with good diversification.
Yield Enhanced BB STeFI+
The Futuregrowth Yield Enhanced BB STeFI+ Composite targets high cash returns through active interest rate risk management, active yield curve bets, high credit concentrations in lower rated entities, high market and credit derivative usage, as well as equity risk.
For more information on this fund, please email fundinfo@futuregrowth.co.za.
The Composite’s weighted average rated credit quality must be a minimum of BB-. The benchmark is the South African STeFI Composite Index.
Objective
The Composite aims to outperform the STeFI + 4.5% per annum over a rolling 3-year period.
Composition
The Composite invests in a wide range of government, parastatal, corporate debt, securitised and money market assets, subject to credit committee approval and whose relative value is expected to increase over time. 100% of this Composite can be invested in unlisted credit.
Yield Enhanced Strategy
Our yield enhanced strategy relies on maintaining strong relationships with market players. This allows us to see a large degree of dealflow on a continuous basis and keep an eye on ever-evolving credit events in the market. In the unlisted space, our specialist structuring skills allow us to make loans that ensure lenders achieve the greatest degree of investor protection through loan terms, covenants and security while ensuring risk-adjusted returns with good diversification.
Insights
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