AIICO MONEY MARKET FUND NEWSLETTER -OCTOBER 2021

AIICO Money Market Fund recorded a net yield of 9.88% p.a in October 2021, slightly lower than previous month’s closing yield of 10.08% p.a. Nevertheless, outperforming its benchmark’s average yield of 2.52%. This comes off the back of investment in high yielding treasury bills and other short-term securities, with the 364-day paper closing at 6.99% for the month under review, from 7.50% the previous month. Weighted Average tenor of the assets in the fund closed at ca 53.18 days.