United Capital targets clients’ evolving investment needs with new funds

Investment banking group, United Capital, has launched two new funds in efforts to meet growing clients’ diversified investment portfolio needs.

According to the company in a statement released to BusinessDay, the two funds, the United Capital Nigerian Eurobond Fund and the United Capital Wealth for Women Fund, further solidify the investment bank’s position as a market leader in the African investment banking space.

The United Capital Nigerian Eurobond Fund serves as an open-ended mutual fund that will be invested in dollar denominated Eurobonds and floated by the Federal Government of Nigeria, top tier Nigerian banks and other corporate issuers duly registered by the Securities and Exchange Commission.

Jude Chiemeka, managing director, United Capital Asset Management, said, “Current economic challenges have altered investment interests the market. We designed these new products specifically to suit changing needs of clients.

“We are excited to launch the United Capital Nigerian Eurobond Fund, as I believe if there was ever a best time for such a product, that time would be now. Our mutual funds have consistently offered attractive dividends returns for investors and we expect our two new funds to follow suit.”

The statement noted that in the short to medium term, customers could expect to receive competitive returns by way of capital appreciation on their dollar holdings invested in the Fund.

Meanwhile, the United Capital Wealth for Women Fund has the objectives to encourage a savings culture in women as well as provide a means for women to be financially independent and to create a sustainable for women’s financial empowerment and development in Nigeria.

As much as 80 percent of the Women Fund’s assets will be invested primarily in Naira denominated fixed income and high yielding instruments and 20 percent will be invested in carefully selected quoted stocks from the Nigerian Stock Exchange.

The Fund will invest in businesses that have significant women representation on the management and board. Investors which includes male and female can start with as low as N10,000 and continue with N5,000 thereafter.

“It comes at a time when the cause of advancement of women is at the forefront of the African narrative. Several studies have demonstrated that businesses with significant participation by women on their boards as well as businesses led by women often outperform their peers. United Capital is committed to empowering African women and in launching this fund; we have gone beyond just saying it to doing something to support this cause through this innovative project,” Oluwatoyin Sanni, group CEO, United Capital, said.