SEM Money Plus Fund

The Fund The SEM Money Plus Fund, an open-end mutual fund, was established on the 4th day of May 2015 with an unlimited duration. The Fund will invest in short-term money market securities issued by the Government of Ghana, other Ghanaian corporate entities and Bank of Ghana licensed banks and non-bank financial institutions.
Initial Minimum Purchase 200 shares and thereafter in multiples of 100 shares under (after) the IPO
Investment Objective and Policy The investment objective of the scheme is to earn a high rate of interest income and at the same time to preserve capital and maintain liquidity by investing primarily in money market instruments, generally maturing in not more than 365 days.
The Custodian Ecobank Ghana Ltd.
The Fund Manager SEM Capital Management Limited, an SEC-Licensed Investment Advisor
Regular Investment Purchases The minimum investment value is set at GH¢50.
Dividends and Distribution No dividends shall be paid out to investors. All net investment income and realized capital gains, if any, will be reinvested. Any investor who wishes to cash out his/her investment may redeem their shares as permitted by the Fund.
Redemption Shares of the Fund can be redeemed by applying in person at the offices of the Manager or in writing to the Manager on every business day except on public and statutory holidays.
Base Currency The base currency of the Fund is the Ghana Cedi.
Risk Factors The Fund is a newly organized Fund that will invest in short-term money market securities. Investments of the Fund will be subject to normal market fluctuations. Investments in securities carry certain risks associated with greater economic uncertainty, small size of markets and greater price volatility.
Prospectus Download SEM Money Plus Fund Prospectus