UNITED CAPITAL LAUNCHES NAIRA-DENOMINATED FUND FOR HIGH-VALUE INVESTORS

  • Weekly Giveaway for our active users. N50,000 per Week. Do you want to contribute to this community? We are looking for contribution? What is hot right now? Sign up and get in on the ground floor of the newest, fastest growing Nigerian forum!

Olori Uwem

Member
Mar 18, 2024
641
19
18
UNITED CAPITAL LAUNCHES NAIRA-DENOMINATED FUND FOR HIGH-VALUE INVESTORS

United Capital Asset Management, a subsidiary of United Capital Plc, has introduced the United Capital Stable Income Fund, a naira-denominated mutual fund aimed at high-value investors seeking low-risk, stable returns amidst market volatility.

Key Details:
- Launch Date: Announced on July 11, 2024.
- Target Investors: Qualified institutional investors and high-net-worth individuals.
- Minimum Investment: N50,000,000.
- Investment Focus: Portfolio of money market and fixed-income securities, including government and corporate bonds, to ensure capital preservation and returns.
- Subscription Requirements: Minimum of 500,000 units, with additional multiples of 100,000 units.

Strategic Importance:
- CEO Statement: Odiri Oginni highlighted the fund’s creation in response to market demand for low-risk, stable investment options.
- Fund Attributes: Aims to provide competitive yield, liquidity, and safety, managed by top-tier portfolio managers.

Company Performance:
- Asset Management: United Capital manages over N900 billion in assets.
- Dividend Payouts: Recently disbursed $8,339,100 to dollar-denominated fund unitholders and N6.15 billion to naira-denominated fund unitholders.
- Market Position: Ranked as the second-largest Collective Investment Schemes Fund Manager in Nigeria.

This new fund underscores United Capital's commitment to delivering innovative financial solutions tailored to investor needs.