• Introducing the Jubilee Money Market Fund (USD) is a timely and well-considered decision.
  • In an increasingly globalized economy, investors seek to hedge against local currency volatility and diversify their portfolios with stable foreign currency investments.

Jubilee Holdings Limited, a prominent Kenyan financial services sector player, has recently launched a new product: the Jubilee Money Market Fund (USD). This move represents a strategic diversification from their traditional shilling-denominated funds, aiming to cater to a broader range of investors seeking stable and predictable returns in US dollars.

Introducing the Jubilee Money Market Fund (USD) is a timely and well-considered decision. In an increasingly globalized economy, investors seek to hedge against local currency volatility and diversify their portfolios with stable foreign currency investments. Jubilee is directly addressing this growing demand by offering a dollar-denominated fund and providing a valuable investment tool for retail and institutional investors.

One of the key strengths of this fund is its focus on high-quality, short-term fixed and floating-rate debt securities issued by sovereigns and corporates in Kenya and offshore. This ensures the fund maintains a high degree of liquidity while offering competitive returns.

During its testing period, the fund achieved an impressive annual yield of 9.05% in dollars, making it an attractive low-risk investment option. Moreover, the fund's flexible structure, with a minimum initial investment of $1,000 and subsequent top-ups of $500, ensures accessibility for a wide range of investors. The added benefit of tax exemption on income and capital gains further enhances the fund's appeal.

Jubilee's decision to benchmark the fund's returns against the 1-month dollar secured overnight financing rate (SOFR) is another strategic move. SOFR is a widely recognized global reference rate, providing a reliable benchmark for dollar-denominated investments and ensuring the fund's returns are competitive and aligned with international financial standards.

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The launch of the Jubilee Money Market Fund (USD) benefits investors and strengthens Jubilee's reputation as an innovative and responsive financial institution. By offering a stable, liquid, and competitively performing investment option in US dollars, Jubilee effectively meets investors' evolving needs and enhances its market share in the increasingly global financial landscape.