Income funds: A better money market alternative

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[ADVISOR VIEW] An alternative investment option to money markets is income funds. Their objective is to provide a return higher than money market returns and to earn a reasonable level of income ... : Danine van Zyl - BrenthurstSA. Moneyweb Investing

Since the inception of the Covid-19 pandemic in March 2020 and more recently the war between Russia and Ukraine, markets have been very volatile, causing emotional and risk-averse investors to look for safer/lower-risk investment alternatives.

These funds enjoy a flexible mandate, the fund managers will look for opportunities to invest in money market instruments, different types of bonds such as inflation-linked, floating rate, fixed interest, preference shares and property.Interest rate risk – The risk to which a portfolio or institution is exposed due to the uncertainty of future interest rates. Due to the interest rate sensitivity of bond prices, if rates rise, then the present value of a bond will fall.

Liquidity risk – The risk in bonds is because of the difficulty of selling securities quickly at an attractive price. This only applies to the investor who is looking to sell their bonds before their maturity date. Investors who keep the bond until maturity will receive the principle of the bond plus interest on their face value.

 

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