FBN Capital Limited, through its asset management arm, has unveiled new mutual fund products designed as part of the company’s commitment to providing investors with safe havens and competitive returns on their money.
These investment platforms, according to a statement from the company, aid financial growth both for individuals, businesses and corporations.
The funds – FBN Money Market Fund, FBN Fixed Income Fund and FBN Heritage Fund were recently admitted to the Daily Official List of the Nigerian Stock Exchange after initial offerings.
A total of 17.98 million units of FBN Money Market Fund were admitted at par value of N100 each while 1.75 million units of FBN Fixed Income Fund were admitted at N1, 000 par value.
The FBN Money Market Fund invests in very liquid short term instruments, while the FBN Fixed Income Fund offers investors opportunity to invest in Nigeria’s sovereign, state and corporate bonds and other gilt-edge long-tenor securities.
Head, Asset Management, FBN Capital, Mr. Michael Oyebola, said the funds were designed in a scalable way that allowed small, medium and large scale investors to participate in the funds and benefit from the current high returns accruable from the market using the expertise of FBN Capital.
He outlined that as open ended funds, FBN Capital would continue to offer units of the funds to investors noting that investors could invest in FBN Money Market Fund with as low as N5, 000 while minimum investment in the FBN Fixed Income Fund and the FBN Heritage Fund is N50, 000.
According to him, the primary objective of the funds is to achieve a high level of income obtainable from investments that is consistent with prudent investment management, the preservation of capital and maintenance of liquidity.
He noted that high level of professional management was a major determinant of success in today’s volatile market adding that investors would benefit from FBN Capital’s cutting-edge investment process.
“The FBN Capital Asset Management team has the experience, depth and diversity to actively manage a broad and diversified portfolio of investments. Yields on investments will provide portfolio diversification as well as the ability to gain exposure to different sectors of the economy,” Oyebola noted.