FBN Capital Limited, through its asset management arm, has launched new mutual fund products, designed as part of the company’s commitment to provide investors with safe investment options and competitive returns for their money.
These investment platforms, according to a statement from the company, will aid financial growth both for individual businesses and corporate bodies.
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 (NSE) after successful initial offerings.
About 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.
Beside the FBN Money Market Fund and the FBN Fixed Income Fund, the company also offers the FBN Heritage fund, which gives investors exposure to the money markets and bond markets, as well as the equity and real estate markets.