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Down slightly

22 August 2004 Angelo Coppola

Allan Gray Unit Trust Management has announced that it has reduced the management fee of the their Money Market Fund from the standard 0.5% per annum charge to one of 0.25% per annum.

(22.8.04) Their Money Market Fund has always been seen as a 'parking place' for investors' capital as opposed to a 'wealth creating' entity.

The fee change has been made in order to assist investors and is in line with the wholesale nature of money market investments.

Quick Polls

QUESTION

Healthcare brokers have long complained about inflation-plus medical scheme contribution increases; but pandemic may have changed things. What will pandemic-induced changes in hospital utilisation do to medical scheme contribution increase patterns?

ANSWER

Below inflation increase for 2022, then back to inflation-plus
Long-term trend of below inflation increases
Inflation-linked hikes for 2022, then back to inflation-plus
This is a 2-year hiccup, inflation-plus increase trend remains in place
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