Jubilee Asset Management launches a USD Money Market Fund

The fund caters to investors seeking stable and predictable US Dollar-denominated returns, aiming to maximize returns in USD while maintaining a high degree of liquidity.

Speaking during the launch of the Jubilee Money Market Fund (USD), Jubilee Holdings Group CEO Dr. Julius Kipngetich said that Jubilee Money Market Fund (USD) will play a crucial role in solidifying the position of Jubilee Asset Management Limited as a market leader and provide investors with investment options that they need to achieve their financial goals effectively in an increasingly complex economic landscape. 

The Fund targets investors looking for competitive (USD) returns on investments in the short to medium term, with capital preservation and liquidity being a priority.

Additionally, the Fund appeals to investors wishing to switch from a high-risk to a low-risk portfolio, to hedge against market volatility, and those seeking to take advantage of the high US Dollar interest rate environment. 

The Chief Executive Officer of Jubilee Asset Management Limited Mr. Dominic Kiarie, while giving his remarks during the launch event, indicated that the opening annual yield for the Fund was 9.05% p.a in USD, while currently the annual yield is 6.64% p.a in USD.

The Fund benchmarks returns on the 1-Month USD Secured Overnight Financing Rate (SOFR), income distribution is available monthly and investors can choose to reinvest the income distribution to achieve strong compounded returns.

The minimum initial investment amount is USD 1,000 and the minimum top-up amount will be USD 500.