For the fourth time in 16 months the JSE all share index is battling to punch through dogged resistance at the 54,000 level. It is a reflection of huge uncertainty in a market which has been buffeted by currency, political and economic shocks. It could be time to heed the saying: he who runs away lives to fight another day. For most investors, the first safe haven likely to spring to mind is a money market fund.But they are missing a trick. For a minimal rise in risk (if any) they can extract a handy yield boost from an income fund.Henk Viljoen, head of fixed interest at Stanlib, says: "I have been advocating income funds for some time."Viljoen co-manages Stanlib Income Fund, which has assets of R20.5bn, the largest in its sector. With its assets concentrated in domestic instruments which have yields linked to the repo rate-driven Johannesburg interbank agreed rate (Jibar), the fund is very much in the traditional income fund mould.Instruments linked to movements in Jibar eliminate ...
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