Investment that provide an Income Stream
Alternative income streams have become more popular as people seek ways to supplement their earnings and are particularly useful during periods when your salary doesn’t completely cover your needs. Generating a passive income from interest or dividends achieves this, providing much-needed security when it’s needed most. Prowess offers a variety of income providing products to meet your personal or business needs. You can choose a product that suits your investment horizon, risk and return objectives.
Prowess Money Market 27Four Fund
For investors who are looking to save for a specific short-term goal, desire to achieve capital preservation, want to maximize interest income and are looking for high liquidity.
A money market fund that invests in a mix of short-term and high-quality issuers with high and stable earnings. The fund offers diversification by investing in fixed income securities that are designed to generate competitive returns that are higher than the Short-Term Fixed Interest Composite Index (STEFI) benchmark. This fund seeks to preserve capital and offers high liquidity as it can be converted to cash with ease when required. The fund offers regular interest income.
Fund Fact Sheets
- Prowess Money Market 27Four Fund – May 2023
- Prowess Money Market 27Four Fund – June 2023
- Prowess Money Market 27Four Fund – July 2023
R500 monthly debit order or a lump sum of R5000