RNIT Iterambere Fund has continued its good performance, growing to Rwf1.530 billion at the end of February, the fund’s performance report for last month indicates. This was an increase from Rwf1.476 billion recorded in January, while the net asset value (NAV) rose marginally during the month to Rwf113.98 per unit compared to Rwf113.06.
The fund’s annual return was also up slightly to 9.8 per cent in its first accounting year, while the total return since inception rose 13.98 per cent, a growth from 13.06 per cent the previous month.
Rwanda National Investment Trust, the fund managers, attributed the continued upward trend of the fund to the fact that they have diversified investment portfolio and “carefully allocates funds to ‘winning’ assets to earn a good return”.
“For instance, while the Fund invested in Treasury bills last year, this year it has allocated greater part of its portfolio to Treasury bonds. This is because the Treasury bills yields are slowly moving southwards,” explained Anagha Hunnurkar, the RNIT technical advisor.
The consistent performance of the Fund is reflected in the NAV of Rwf113.98 as at February 28, 2018. This signifies a total return of 13.98 per cent since inception of the fund about two years ago. A total of 99.97 per cent of the fund is invested in debt instruments like Treasury bills and bonds, while liquid is 0.03 per cent.
According to Hunnurkar, the same time, since it is an open ended Fund by nature, the Fund ensures that adequate liquidity is maintained to honour all repurchases tendered by the unit holders, the expert added. Unit holders, who receive returns in time, would be more than willing to invest as and when they build up their savings, which builds confidence of potential investors.
“Once the product experience is comfortable, even the existing unit holders would be more than willingly use RNIT Iterambere Fund for their financial planning by continually investing through the systematic investment plan, or by topping up sums as and when they have disposable surplus,” the expert said over the weekend.
Moreover, it will inspire more and more people to invest with RNIT Iterambere Fund as it is being built on a strong foundation of safety, liquidity and return. “A well-drawn financial plan, which is executed through a systematic approach to savings and investment, leads to wealth-creation,” according to Hunnurkar.