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Frequently Asked Questions
We understand that making investment decisions comes with important questions. This section provides clear, straightforward answers to some of the most common queries about Namibia Asset Management, our investment offerings, and how we work with our clients. If you don’t find what you’re looking for here, our team is always available to assist you directly.
General
• Diversification: Unit trusts are managed by professional investment managers who spread risk by investing in a range of assets. Even a small investment gives you exposure to a well-diversified portfolio.
• Affordable investment amounts: Unit trusts make it possible to invest in a diversified portfolio with relatively small contributions. Our minimum investment is a N$5,000 lump sum or a N$500 monthly debit order. The Money Market Fund has a minimum lump sum of N$10,000.
• Easy access to your money: You can withdraw your funds at any time. We have no minimum investment periods and do charge withdrawal fees.
• Flexibility: Investors can invest, withdraw, switch between funds, cede, or transfer ownership at any time.
• Built-in protections: Each unit trust fund must appoint an independent trustee (a registered bank or financial institution) to safeguard the fund’s assets. This ensures that investor’s funds remain secure, even if something happens to the management company or asset manager. All funds operate according to a legally binding mandate and supplemental deed, which sets out the fund’s objectives and investment approach.
To begin investing, you will need to complete a NAM application form, available on our website or by request.
Once completed and signed, kindly email the form to us along with your FIA documents and proof of payment.
Required FIA documents:
• Copy of ID/Valid passport (for foreign nationals)
• Proof of bank details (bank confirmation letter or bank statement)
• Source of funds confirmation
NAM allows a minimum lump sum investment for N$5 000 or a monthly debit order of N$500 per month. The Money Market fund ’s minimum lump sum investment is N$10,000.
Each fund charges an annual management fee that covers professional investment management and administration. All fees are fully disclosed on each fund’s fact sheet and on our website.
We do not charge initial fees or transaction fees, meaning your full contribution is invested.
If you have a financial adviser, and you have agreed to a fee with them, we can deduct the fee from your account and pay it directly to your adviser.
If your needs or goals change, you can switch between our various unit trust funds at any time. There are no transaction fees for switching.
Yes. You may open a NAM unit trust investment in the name of a minor or another individual. If the account is for a minor, the parent or legal guardian must sign all instructions until the child turns 18. Once the child turns 18, they must provide their own FIA documents and sign future instructions themselves
Unit trust funds distribute net income (interest and dividends, after expenses) periodically. Depending on the fund, distributions may occur annually, semi-annually, quarterly, or monthly. Distributions are paid in proportion to the number of units you hold. You may choose to have your distributions paid into your bank account or reinvested to purchase additional units and benefit from compounding.
A switch is the process of selling units out of one unit trust fund and using the proceeds to purchase units in another unit trust fund held with the same management company.
A transfer of ownership occurs when an investor moves some or all of their investment into another investor’s name.
A redemption is when you choose to sell or withdraw some or all of the units you hold in a unit trust fund. The proceeds are paid into your bank account once the transaction has been processed.
If your instruction is received and verified before 12:00 (or 10:00 for the Money Market Fund), it will be processed on the same business day. Redemption proceeds are paid into your bank account within two to three business days.
No. For legal and security reasons, redemption proceeds can only be paid into the bank account on record, which must be held in the investor’s name.
If you choose email communication, you will receive monthly statements and notifications whenever a transaction is processed. Statements can also be accessed online at www.namasset.com.na (http://www.namasset.com.na)or requested from clientservices@namasset.com.na.(mailto:clientservices@namasset.com.na)
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