Fitch Rates RECM Money Market Fund 'AA+(zaf)'/'V1(zaf)'

April 8, 2015 1:02 PM

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(The following statement was released by the rating agency) Link to Fitch Ratings' Report: RECM Money Market Fund here LONDON, April 08 (Fitch) Fitch Ratings has assigned the RECM Money Market Fund a 'AA+(zaf)' National Fund Credit Quality Rating and a 'V1(zaf)' National Fund Volatility Rating.

The fund is managed by RECM Collective Investments (Pty) Ltd and the fund's investment advisor is Regarding Capital Management (Pty) Ltd (RECM). The 'AA+(zaf)' rating is driven by the fund's high credit quality, as reflected by its weighted average rating factor (WARF) of 0.18 at end-February 2015. ...

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