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How are the units priced?
The purchase price of each unit is calculated by
dividing the value of the Fund’s net assets (the
value of its assets less its liabilities) by the
total number of units outstanding. Net asset
value per unit is computed by valuing listed
investments at market value and unlisted
investments at fair market value which is
determined by reference to the earnings yield of
investments on the Ghana Stock Exchange. The
Manager continually assesses the methods of
valuation and recommends changes where
necessary, to ensure that the Fund’s investments
are valued at their fair value as determined in
good faith by the Trustee.
How often is the unit price published?
Weekly. The bid and offer price per unit is
published by the Fund’s Manager on the first
working day each week using the most current net
asset value available.
How are profits distributed?
After deducting the annual management fee and
operating expenses net income is distributed to
unit holders.
Is the income from the Fund taxable?
No. Under the prevailing tax laws and the
Securities Industry Law 1993 unit trust schemes
are tax exempt. |