The investment objective of the Fund is to systematically grow the monies provided by investors by investing in companies listed on the Ghana Stock Exchange (GSE) and other Exchanges, with the approval of the Securities and Exchange Commission, with good potential for high returns and also in fixed income and money market instruments. The Fund seeks to generate returns through a combination of capital appreciation and income accrual for shareholders.
Performance
| Performance % | Aug-20 | Jun-20 | Mar-20 | Dec-19 | Aug-19 |
| CCMF | 245.90% | 238.25% | 227.4% | 211.70% | 199.05% |
| Benchmark (GSE CI) | 84.66% | 89.99% | 115.96% | 125.72% | 130.38% |
The Christian Community Mutual Fund posted a YTD return of 10.94% at the end of August 2020, relative to -18.19% returned by the GSE Composite Index. The annualised return of 16.43% as at August 2020 is higher than the 182-Day Bill rate of 14.08%. The Fund is still expected to out perform the GSE Composite Index and the 182 Day Treasury Bill.
Key Facts
| Fund Manager | Black Star Advisors Limited |
| Size Of Fund (Millions) | GHS 3,104,740.90 |
| Minimum Investment | GHS 10.00 |
| Fund Inception | September 2010 |
| Fund Type | Balanced |
| Currency | Cedi |
| Benchmark Index | GSE composite index |
| Management Fee | 2.50% |
Holdings
As at: 31st August, 2020
| Holdings | Weight (%) |
| Cash | 0.47% |
| Equities | 2.23% |
| Quasi-Government Securities | 22.62% |
| Corporate Bonds | 9.44% |
| Government of Ghana Bonds | 65.24% |
Top 5 Holdings
| Holdings | Weight (%) |
| 182-Day Cocoa Bills | 22.62% |
| GoG Bond September 2020 | 19.65% |
| GoG Bond January 2021 | 17.40% |
| GoG Bond November 2020 | 14.33% |
| GoG Bond October 2021 | 6.90% |