Investment Philosophy and Process

The Select FR Interest Plus Fund aims to deliver returns in excess of traditional money market funds while maintaining a strong emphasis on capital preservation, liquidity and low volatility. The portfolio invests predominantly in short-dated domestic fixed income instruments, including money market securities, government bonds, corporate credit, floating-rate instruments and other income-generating assets.

Ninety One’s investment process combines in-depth macroeconomic analysis, fundamental credit research and active portfolio management to identify attractive risk-adjusted opportunities within the South African fixed income universe. Portfolio positioning is informed by the team’s views on economic conditions, inflation trends, interest rate movements and relative value opportunities across the yield curve. The portfolio is diversified across issuers, sectors and instruments, while duration, liquidity and credit exposures are actively monitored to manage risk and preserve capital. Through a disciplined and research-driven investment process, the Fund seeks to generate consistent income-focused returns while maintaining a high degree of liquidity and stability.