Proprietary Trading in South Africa: A Guide | https://proptradingguru.com/ posted on the topic | LinkedIn (2024)

MONTHLY MUTUAL FUNDS FACT SHEET DECEMBER 2023 Below is a summary of the performance of our mutual funds as at 31 December 2023.FundYTD Performance (as at 31st December 2023)Emerging Africa Bond Fund9.65%Emerging Africa Balanced Diversity Fund27.65%Emerging Africa Eurobond Fund5.77% FundPerformance as at 31st December 2023Emerging Africa Money Market Fund13.33% Market CommentaryMoney MarketLiquidity in the Banking system improved marginally in the month under review, averaging c.+N73.9bn in December 2023 compared with a negative average balance of –N86.2bn recorded in the previous month. The improved system liquidity was largely driven by inflows from NTB maturities and FGN bond coupon payments which amounted to N104.4bn and N76.8bn respectively. The Open Policy Rate (OPR) and Overnight rate (O/N) closed at 15.06% and 15.47% compared with 14.84% and 15.54% recorded in the previous month… Read More via https://lnkd.in/drfD9hik For further enquiries, please contact us via any of the channels below: https://lnkd.in/dsCjX-n assetmanagement@emergingafricagroup.comcustomerservice@emergingafricagroup.com We appreciate and value your continued patronage.

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MONTHLY MUTUAL FUNDS FACT SHEET JANUARY 2024 Below is a summary of the performance of our mutual funds as at 31 January 2024.FundYTD Performance (as at 31st January 2024)Emerging Africa Bond Fund2.41%Emerging Africa Balanced Diversity Fund15.07%Emerging Africa Eurobond Fund1.90% FundPerformance as at 31st January 2024Emerging Africa Money Market Fund13.73% Market CommentaryMoney MarketLiquidity in the system improved in the month under review to average N280.6bn in January 2024 compared with an average of N73.9bn recorded in December 2023. This was largely driven by inflows from NTB and FGN Bond coupon payments which amounted to N281.9bn and N231.8bn respectively. The Open Policy Rate (OPR) and Overnight rate (O/N) averaged 16.85% and 17.93% respectively compared with an average of 17.25% and 17.94% recorded in December 2023… Read More on https://lnkd.in/gVwQ_qMr For further enquiries, please contact us via any of the channels below: https://lnkd.in/dsCjX-n assetmanagement@emergingafricagroup.comcustomerservice@emergingafricagroup.com We appreciate and value your continued patronage.

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MONTHLY MUTUAL FUNDS FACT SHEET OCTOBER 2023 Below is a summary of the performance of our mutual funds as at 31 October 2023.FundYTD Performance (as at 31st October 2023)Emerging Africa Bond Fund9.47%Emerging Africa Balanced Diversity Fund26.34%Emerging Africa Eurobond Fund5.64% FundPerformance as at 31st October 2023Emerging Africa Money Market Fund11.41% Market CommentaryMoney MarketLiquidity in the Banking system saw some improvement in the month to average c. N506.81 billion in October vs c. N61.03 billion recorded in September. This comes despite reduced inflows from OMO maturities and bond coupon payments in the month at c. N269.86 billion vs N373.30 billion in September 2023. Consequently, the average Open Policy Rate (OPR) and Overnight Rate (O/N) dropped to 3.26% and 3.88% from 9.97% and 10.50% month-on-month, respectively. The Central Bank of Nigeria (CBN) conducted two Nigerian Treasury Bills (NTB) Primary Market Auctions during the month and issued c. N407 billion across all tenors. Average stop rates for the 91-day, 182-day and 364-day papers closed at 4.83%, 7.06% and 11.13% from 5.33%, 6.85% and 12.30% respectively, the previous month… Read more on https://lnkd.in/du22cR2c For further enquiries, please contact us via any of the channels below: https://lnkd.in/dsCjX-n assetmanagement@emergingafricagroup.comcustomerservice@emergingafricagroup.com We appreciate and value your continued patronage.

MONTHLY MUTUAL FUNDS FACT SHEET AUGUST 2023 Below is a summary of the performance of our mutual funds as at 31 August 2023.FundYTD Performance (as at 31st August 2023)Emerging Africa Bond Fund10.58%Emerging Africa Balanced Diversity Fund35.20%Emerging Africa Eurobond Fund5.52% FundPerformance as at 31st August 2023Emerging Africa Money Market Fund13.10% Market CommentaryMoney MarketBanking system liquidity was less buoyant in August, albeit positive, to average c. N239.20 billion vs c. N503.72 billion recorded in July. This comes off the back of reduced inflows from OMO maturities and bond coupon payments in the month at c. N76.92 billion vs N222.34 billion in July 2023. Consequently, the average Open Policy Rate (OPR) and Overnight Rate (O/N) rose to 10.52% and 11.13% from 5.39% and 5.90% month-on-month, respectively. The Central Bank of Nigeria (CBN) conducted two Primary Market Auctions during the month and issued N457 billion across all tenors. Average stop rates for the 91-day, 182-day and 364-day papers closed at 5.10%, 6.95% and 11.885% from 4.43%, 5.75% and 9.045% respectively, the previous month… Read more For further enquiries, please contact us via any of the channels below: https://lnkd.in/dsCjX-n assetmanagement@emergingafricagroup.comcustomerservice@emergingafricagroup.com We appreciate and value your continued patronage.

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MONTHLY MUTUAL FUNDS FACT SHEET SEPTEMBER 2023 Below is a summary of the performance of our mutual funds as at 30 September 2023.FundYTD Performance (as at 30th September 2023)Emerging Africa Bond Fund10.37%Emerging Africa Balanced Diversity Fund32.21%Emerging Africa Eurobond Fund5.59% FundPerformance as at 30th September 2023Emerging Africa Money Market Fund12.93% Market CommentaryMoney MarketLiquidity in the Banking system depreciated significantly in the month at average c. N61.03 billion in September vs c. N239.20 billion recorded in August. This comes despite increased inflows from OMO maturities and bond coupon payments in the month at c. N373.30 billion vs N76.92 billion in August 2023. Nonetheless, the average Open Policy Rate (OPR) and Overnight Rate (O/N) dropped to 9.97% and 10.50% from 10.52% and 11.13% month-on-month, respectively. The Central Bank of Nigeria (CBN) conducted three Primary Market Auctions during the month and issued N544 billion across all tenors. Average stop rates for the 91-day, 182-day and 364-day papers closed at 5.33%, 6.85% and 12.30% from 5.10%, 6.95% and 11.885% respectively, the previous month… Read more on https://lnkd.in/drvKpeH5 For further enquiries, please contact us via any of the channels below: https://lnkd.in/dsCjX-n assetmanagement@emergingafricagroup.comcustomerservice@emergingafricagroup.com We appreciate and value your continued patrona

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MONTHLY MUTUAL FUNDS FACT SHEET NOVEMBER 2023 Below is a summary of the performance of our mutual funds as at 30 November 2023.FundYTD Performance (as at 30th November 2023)Emerging Africa Bond Fund10.04%Emerging Africa Balanced Diversity Fund26.52%Emerging Africa Eurobond Fund5.79% FundPerformance as at 30th November 2023Emerging Africa Money Market Fund13.24% Market CommentaryMoney MarketLiquidity in the Banking system depreciated significantly in the month to average c.-N86.28 billion in November 2023 compared with an average of c.N243.66 billion recorded in the previous month. Inflows from Nigerian Treasury Bills (NTB) maturities and FGN Bond coupon payments at c. N507.4 billion and N23.4 billion respectively were recorded in November 2023. Consequently, the average Open Policy Rate (OPR) and Overnight Rate (O/N) increased to 18.60% and 19.46% from 3.87% and 4.50% month on month, respectively. The Central Bank of Nigeria (CBN) conducted two Nigerian Treasury Bills (NTB) Primary Market Auctions during the month and issued c. N521 billion across all tenors. Average stop rates for the 91-day, 182-day and 364-day papers closed at 7.50%, 11.50% and 16.75% from 4.83%, 7.06% and 11.13% respectively, the previous month… Read more on https://lnkd.in/dn39u3jA For further enquiries, please contact us via any of the channels below: https://lnkd.in/dsCjX-n assetmanagement@emergingafricagroup.comcustomerservice@emergingafricagroup.com We appreciate and value your continued patronage.

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MONTHLY MUTUAL FUNDS FACT SHEET FEBRUARY 2024Below is a summary of the performance of our mutual funds as at 29 February 2024.FundYTD Performance (as at 29th February 2024)Emerging Africa Bond Fund6.04%Emerging Africa Balanced Diversity Fund4.81%Emerging Africa Eurobond Fund3.51% FundPerformance as at 29th February 2024Emerging Africa Money Market Fund13.77% Market CommentaryMoney MarketSystem liquidity tightened in the month under review to average -167.5bn in February 2024 compared with an average of N134.3bn recorded in January 2024. This was largely driven by FGN bond, OMO, and NTB auctions by the CBN in a bid to mop excess liquidity. The Open Policy Rate (OPR) and Overnight rate (O/N) trended upwards to an average of 20.2% and 21.3% respectively compared with 16.8% and 17.9% recorded in the previous month. Read more on https://lnkd.in/dxprY3Hj For further enquiries, please contact us via any of the channels below: https://lnkd.in/dsCjX-n assetmanagement@emergingafricagroup.comcustomerservice@emergingafricagroup.com We appreciate and value your continued patronage.

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"Unless something drastically changes, South Africa will continue to go backwards and unfortunately, so too will the rand" says Portfolio Manager Rashaad Tayob in Foord Asset Management's recent Mind of the Manager webinarWatch the full Mind of the Manager webinar here: https://bit.ly/43nyeSv#currency #southafrica #economy #investment

#Uzbekistan: The National Agency of Perspective Projects of the Republic of Uzbekistan, Capital Market Regulator, Registered Bank of Georgia JSC, Largest Bank by Assets in Georgia, as the First Participant of Special Legal Regime “Regulatory Sandbox” in the Field of Capital Markets in Uzbekistan.#securities #capitalmarkets #investing #custodian #bonds #investmentbanking #assetmanagement #investmentmanagement

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