Offer for subscription for 20,000,000 units of DV Balanced Fund is now open to the public at N100 per unit and is expected to close on Monday May 26, 2014.
DV Balanced Fund (“the Fund”) is an open-ended Unit Trust Scheme which seeks to invest in a range of securities.
Vetiva Fund Managers Limited is the fund manager to the fund, while INVESTMENT ONE Financial Services Limited (formerly GTB Asset Management Limited) is the Issuing House for the fund which opened on April 14.
The Fund will employ an asset mix strategy which achieves consistent growth primarily from a well-diversified portfolio of stocks and by holding an appropriate allocation of the Fund’s assets in fixed-income instruments.
The Fund is designed to enable unit holders achieve capital appreciation over time by obtaining exposure to equities while mitigating the volatility associated with investing in the Nigerian equities market.
The minimum investment amount is N100,000; while units of sale are 1,000 units and multiples of 500 units thereafter.
The Fund is targeted toward prudent investors with medium risk appetite who wish to achieve capital appreciation over time and is suitable for both individual and institutional investors.
According to Vetiva Capital Management Limited, sponsors of the Fund, “The Fund is particularly appropriate for investors with medium to long investment horizons who seek to derive the benefits of the higher long term returns associated with equity investments without being fully exposed to the corresponding volatility.”
IHEANYI NWACHUKWU
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