Jul 5, 2020
Introduction According to the International Monetary Fund (IMF) World Economic Outlook (WEO) Update June 2020, dubbed “A Crisis Like No Other, An Uncertain Recovery”, the global economy is projected to contract at a rate of (4.9%) in 2020, 1.9% lower than their initial outlook of (3.0%) in April 2020, largely driven by an 8% decline in developed markets and a 3% decline in emerging markets’ GDP growth. Some of the themes underpinning the outlook include: Continued worsening of the pandemic in some economies despite levelling in others, which has led to more stringent lockdowns, leading to even larger disruptions in business activity than expected, Decline in consumption and services as people have had to rely on their savings as they adhere to social distancing and movement restrictions...CMMF(USD) Fact Sheet June 2020
Jul 1, 2020
1. FUND PERFOMANCE AVERAGE JUNE 2020 (ANNUALIZED RETURN) *PERFORMANCE SINCE INCEPTION (01-NOVEMBER-2017) Cytonn Money Market Fund (USD) 3.0% 3.0% Benchmark ( USD LIBOR + 2.0% Points) 2.2% 2.9%Jul 1, 2020
1. FUND PERFOMANCE AVERAGE 2019 JUNE 2020 (ANNUALIZED RETURN) *PERFORMANCE SINCE INCEPTION (07-OCTOBER-2019) Cytonn High Yield Fund (CHYF) 12.8% 14.0% 13.6% Benchmark (Average 182 day T- Bill + 5.0% points)Jul 1, 2020
1. FUND PERFOMANCE AVERAGE 2019 JUNE 2020 (ANNUALIZED RETURN) *PERFORMANCE SINCE INCEPTION (01-NOVEMBER-2017) Cytonn Money Market Fund (KES) 10.9% 10.7% 11.1% Benchmark ( Average 91 day T- Bill + 1.0% point)Financial Planning Amidst COVID-19
Jun 28, 2020
Introduction Financial planning is the systematic approach towards managing one’s finances by allocating resources in a systematic and disciplined manner in order to achieve one’s financial goals and objectives. A sound financial plan is important as it helps reduce and possibly eliminate financial distress that may arise from various responsibilities and unexpected situations. Earlier in February 2020, we had discussed this topic on our Personal Financial Planning topical, however, in light of the ongoing Coronavirus pandemic that has wreaked havoc in individual’s businesses, savings and financial planning efforts, we found it timely to reiterate the topic keeping in mind the new operating environment. The novel COVID-19 has greatly affected the global economy with the International Monetary Fund projecting the global economy to contract by 3.0% in 2020, a...