AVA Global Asset Managers Limited (AVA GAM) has launched its Money Market Fund, which has been approved by the Securities and Exchange Commission (SEC). The fund is an open-ended offering designed to provide unit holders with a steady stream of income while taking advantage of low-risk investment opportunities. This initiative responds to the economic challenges currently affecting the market.
The fund comes with an offer size of N1 billion and a unit price of N1.00. These terms make the fund accessible to a wide range of investors. The primary objective is to help investors grow their wealth despite the ongoing economic uncertainties in Nigeria.
The Money Market Fund focuses on providing a safe, low-risk investment that generates consistent returns. It is particularly appealing to investors seeking stability and income in an environment marked by economic instability and market volatility.
Efe Shaire, the Managing Director of AVA GAM, emphasized the importance of offering low-risk investment options during times of economic uncertainty. His comments reflect the growing demand for investment products that prioritize safety and steady returns for unit holders.
Mayowa Ikotun, the Chief Investment Officer of the fund, explained that the Money Market Fund plays a significant role in fostering financial resilience. In addition to benefiting individual investors, the fund aims to contribute to Nigeria’s broader economic growth by increasing liquidity and investment in the market.
Source: Punch