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Cash Invest Tracker Fund - absainvestments.co.za

Business Banking | 1 Linked InvestmentCash Invest Tracker fund Now available through the Absa Investment AccountInvest in our Cash Invest Tracker fund (CIT)Cash Invest Tracker (CIT) is a prime linked demand product that earns you high and competitive returns in order to offer investors an interest rate where they can earn high and comparable returns. The money invested is easily available when needed, and the invested funds as well as the interest earned on that investment is guaranteed by Absa Bank Limited (Absa Bank). Speak to your Financial Adviser for investor The product is best suited for: An individual who is a natural person ( a business entity) and resident of theRepublic of South Africa who has funds /savings that they want to Invest An investor who is looking for a low riskinvestment that provides growth in the formof high interest rates as well as easy acc

Invest in our Cash Invest Tracker Fund (CIT) Cash Invest Tracker (CIT) is a prime linked . demand product that earns you high and . competitive returns in order to offer investors an interest rate where they can earn high and comparable returns. The money invested is easily available when needed, and the invested funds

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Transcription of Cash Invest Tracker Fund - absainvestments.co.za

1 Business Banking | 1 Linked InvestmentCash Invest Tracker fund Now available through the Absa Investment AccountInvest in our Cash Invest Tracker fund (CIT)Cash Invest Tracker (CIT) is a prime linked demand product that earns you high and competitive returns in order to offer investors an interest rate where they can earn high and comparable returns. The money invested is easily available when needed, and the invested funds as well as the interest earned on that investment is guaranteed by Absa Bank Limited (Absa Bank). Speak to your Financial Adviser for investor The product is best suited for: An individual who is a natural person ( a business entity) and resident of theRepublic of South Africa who has funds /savings that they want to Invest An investor who is looking for a low riskinvestment that provides growth in the formof high interest rates as well as easy accessto their does the CIT work?

2 Minimum initial investment amount is R250 000 for new investments Additional investments of any amount are permitted thereafter Capital and interest returns are guaranteed by Absa Bank The daily interest rate is prime linked meaning that the rate is linked to the prime lending rate of South Africa. No switches are permitted and no other investment instruments can be combined with the CIT Outright cessions of the Absa InvestmentAccount, of which CIT forms a part of,are permitted. Partial cessions are notpermitted Distributions, which comprise of interestincome, from CIT will automatically bereinvested back into CIT Money can be accessed by makingwithdrawals through implications The points below are purely for information purposes: Returns are derived from CIT and compriseof interest income, which will be taxable atthe applicable marginal tax rate Certain exemptions or reduced rates mayapply to your individual circumstances Please consult a professional tax will it cost?

3 AIMS ongoing platform administration of the invested funds per annumFinancial Adviser ongoing advice of the invested funds per annumInvestment minimumsMinimum initial investment amountAdditional lump sum depositsRepurchase amountR250 000 AnyAny fund management charges: To be priced intothe fund the price of the fund will be thenet of this charge All the above fees are VAT exclusive andVAT will be levied where applicable at theprevailing rate Terms and conditions for this product areavailable on to get started Speak to your financial adviser or visit to get started with your investment.

4 For more information contact AIMS Client Service (Operating hours: Monday to Friday 08:00 to 16:30) Tel: 0860 000 005 | Fax: 0861 339 265 Email: RiskCapital and Interest Returns are guaranteed by Absa Bank. As an investor you are however exposed to the credit risk of Absa Bank, the guarantor, and in the event of default by Absa Bank, your Capital and Interest Returns could be Diversification RiskCIT cannot be combined with other investment instruments therefore, you should carefully consider the impact investing in this fund would have on your overall investment riskThe liquidity on the product is directly linked to the liquidity of the underlying funds.

5 The CIT is a liquid investment and can be repurchased through the standard AIMS repurchase process at any and conditions information does not constitute investment, legal, tax or other advice and is not to be relied on in making an investment or other decision. The risks associated with the buying and selling of financial products and the investment values of this financial product is not guaranteed asits performance will depend on the underlying funds. Furthermore, the information does not constitute advice as defined by the Financial Advisory and Intermediary Services Act, 37 of 2002.

6 AIMS cannot be held liable in anyway whatsoever for any investment decision made as a result of any information contained herein. Absa Investment Management Services (Pty) Ltd Reg No 1980/002425/07an Authorised FSP FSP No 524


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