Ask part of the initiatives to curtail the effect of the Coronavirus (COVID-19) pandemic on investors, Afrinvest Asset Management Limited has floated a $2million Afrinvest Dollar Fund, a flexible solution that allow investors to diversify their portfolio of investment.
The Afrinvest Dollar Fund is an open-ended mutual fund approved by the Securities and Exchange Commission (SEC) and it provides an opportunity for individuals and institutional investors to diversify their portfolio and hedge against currency fluctuations.
The $2million Fund is offering 20,000 units at $100 per unit. The initial minimum investment amount is $1,000.
Afrinvest Dollar Fund is expected to give returns between 6 percent and 7.5 percent which is higher than returns on a normal domiciliary account.
The Afrinvest Dollar Fund is an open-ended mutual fund approved by the Securities and Exchange Commission (SEC) and it provides an opportunity for individuals and institutional investors to diversify their portfolio and hedge against currency fluctuations.
The $2million Fund is offering 20,000 units at $100 per unit. The initial minimum investment amount is $1,000.
Afrinvest Dollar Fund is expected to give returns between 6 percent and 7.5 percent which is higher than returns on a normal domiciliary account.