Fund NewsDecember 12, 2023
Warwick Wealth Matters – DecemberDecember 13, 2023
CADIZ BCI MONEY MARKET FUND
The Cadiz Money Market Fund performed well during the month of November, delivering on its mandate to consistently provide cash-beating returns with minimal volatility over time. Trading activity was primarily prompted by the deployment of cash and managing maturities. The fund continues to be managed within the prescribed mandate constraints, with the objective of outperforming the benchmark, while ensuring substantial liquidity and low variation of return. The persistence of the current high interest rate environment allows the fund to exploit lucrative opportunities to invest with minimal downside risk.
CADIZ BCI ENHANCED INCOME FUND
The Cadiz BCI Enhanced Income Fund benefited from its exposure to nominal bonds and inflation-linked bonds in November as these two asset classes performed well. The fund remains well diversified across a variety of floating rate notes, upholding the long-standing track-record of delivering low volatility returns and focusing on growing wealth while limiting downside risks. The 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 Cadiz BCI Absolute Yield Fund performed well during the month of November, taking full advantage of its strategic exposure to nominal and inflation-linked bonds. In addition, the exposure that the fund has in floating rate notes and corporate credit boosted the overall performance for the period. Trading activities during the month 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.