Afrinvest Asset Management unveils new fund
Afrinvest Asset Management Limited has launched Afrinvest Plutus Fund- a simple and affordable savings solution, designed for all classes of income earners with a minimum subscription of N5,000.
The subsidiary of Afrinvest (West Africa) Limited, said the fund is an open-ended money market unit trust scheme approved by the Securities and Exchange Commission (SEC), with primary goal of achieving positive returns for investors who value stability, liquidity, real returns, and security of their financial assets, in line with unitholders’ investment goals.
The Fund is, therefore, offering 10,000,000 units at N100 per unit from November 20 to December 18, 2017.
The Managing Director, Afrinvest Asset Management, Ola Belgore, said: “The Afrinvest Plutus Fund has been carefully designed to meet the needs of majority of the Nigerian population to preserve capital, develop a profitable savings culture; and provide a comfortable nest egg for themselves and their families in the simplest and safest way possible.
“We have, therefore, introduced this low-risk investment solution that is easily accessible to the people who need it the most, with competitive income and quarterly dividend payments.”
The Afrinvest Plutus Fund offers investors access to a diversified portfolio of quality, low-risk money market securities, including short-term government securities, certificates of deposits and commercial papers, amongst others.
Furthermore, the Fund provides the flexibility of investing on behalf of someone else and for business ventures, provided the necessary documentation is supplied.
“At Afrinvest, our clients’ needs are our foremost priority. In presenting this Fund to the public, we are working to correct the notion that investing in securities is complicated and the preserve of the elite.
“Rather, we want Nigerians to understand and attain the true financial freedom that comes from proper financial planning and smart investment decisions. Of course, we have also considered the need to ensure the security of the funds, and have partnered with Meristem Trustees Limited and UBA Plc’s Global Investor Services Division, as Trustee and Custodian, respectively,” he added.
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