Fund News – April

CADIZ BCI MONEY MARKET FUND

The Cadiz Money Market Fund consistently achieves its objectives by offering returns that surpass those of cash reserves, while maintaining very low volatility. The fund remains strategically placed to take advantage of higher yields by reinvesting earnings from maturing investments and using positive cash flow to invest at attractive rates. Managed within its prescribed mandate constraints, the fund aims to surpass its benchmark, ensuring significant liquidity and a low variance in returns. The ongoing high interest rate climate allows the fund to seize lucrative investment opportunities while minimising the risk of loss. 

CADIZ BCI ENHANCED INCOME FUND

Once again, this month, most of the positive returns generated for the fund came from its exposure to floating rate notes and money market instruments. While nominal and inflation-linked bonds saw declines, the fund achieved positive returns, maintaining its long-standing history of providing returns with low volatility. The fund continues to concentrate on wealth accumulation and minimising potential losses. Trading activities implemented during the month were driven by cash flows and reinvestment strategies, aligning with the fund’s objective of prudent portfolio management. 

CADIZ BCI ABSOLUTE YIELD FUND

The fund gained from its exposure to corporate credit and floating rate notes during the month, while nominal bonds and inflation-linked bonds declined in value due to rising yields throughout the period. Trading activities during the period included the deployment of cash, re-investment of maturing instruments and active duration management to match the investment strategy and investment view. The fund remains actively managed by the team to take opportunities as they present themselves and to manage prevailing risks.