Stanbic Investment Management Services Limited (SIMS) has announced a stellar performance for 2024, marking a dramatic turnaround for two of its flagship funds — the Stanbic Cash Trust (SCT) and the Stanbic Income Fund Trust (SIFT).
At the company’s 2025 Annual General Meeting (AGM), SIMS shared the significant financial strides made by both funds, highlighting the company’s agility, resilience, and refined investment strategies in a challenging market environment.
The SCT Fund emerged as a clear standout in 2024, reporting a net investment gain of GHS108.6 million, a remarkable reversal from the GHS25.8 million loss recorded in 2023. According to Ms. Santi Sackey, the SCT Fund Manager, this turnaround reflects SIMS’ strategic rebalancing and effective navigation of macroeconomic headwinds.
Supporting the fund’s impressive comeback, total net assets of the SCT surged to GHS773.1 million, up significantly from GHS430.3 million in 2023. The number of unitholders also grew, rising to 19,507, compared to 17,699 in the previous year. Meanwhile, the unit price appreciated from GHS5.6584 in 2023 to GHS7.4767 in 2024, further solidifying investor confidence.
In 2025, the SCT will continue to operate as a money market fund, designed to provide liquidity and short-term income for investors. Its revised investment mandate allows for up to 95% allocation to high-quality money market instruments, with at least 5% reserved for cash or near-cash assets. SIMS reaffirmed its commitment to delivering optimal short-term income while ensuring fund liquidity remains robust.
Stanbic Income Fund Trust Achieves Strong Recovery
The Stanbic Income Fund Trust (SIFT) also witnessed a notable comeback. The fund posted a net investment gain of GHS74.8 million in 2024, a sharp turnaround from the GHS78.3 million loss in 2023. This performance reflects SIMS’ commitment to delivering on its core objective of maximising medium to long-term income and capital appreciation.
SIFT’s total net assets increased from GHS380.7 million in 2023 to GHS476.2 million in 2024. The unitholder base expanded from 11,543 to 12,734, with the bid price per unit rising from GHS7.3447 to GHS9.3267.
According to Fund Manager Nanabanyin Aidoo Forson, the SIFT will now shift focus more intentionally toward its core mandate as a fixed-income fund. The fund will move away from its previous short-term debt strategy and increase its exposure to medium and long-term corporate and sovereign bonds, positioning itself for more sustainable growth and risk-adjusted returns in the years ahead.
Leadership’s Reflections and Strategic Outlook
Commenting on the performance of the funds, Mr. Kwabena Boamah, Managing Director of SIMS, noted,
“We are incredibly pleased with the performance of the Stanbic Cash Trust and the Stanbic Income Fund Trust this past year. The significant rebound in net investment gains is a testament to our disciplined approach to maximising income for our unitholders.”
Mr. Kwabena Boamah
He further emphasized that the recovery of both funds signals SIMS’ market resilience, ability to pivot strategically, and deep understanding of evolving investment dynamics in Ghana and beyond.
As a subsidiary of Stanbic Holdings Ghana LTD, SIMS has continued to demonstrate its leadership in Ghana’s investment management space. The firm provides a broad range of financial and wealth management services tailored to institutional and retail clients. With a focus on innovation, robust risk management, and long-term value creation, SIMS is well-positioned to help clients build wealth in both stable and volatile market conditions.
The 2024 performance underscores SIMS’ status not just as a market leader, but as a trusted financial partner committed to empowering investors with growth-driven, secure, and sustainable solutions.
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