• Wednesday, February 12, 2025
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AVA Global Asset Managers berths with N1bn Money Market fund

AVA Global Asset Managers berths with N1bn Money Market fund

Efe Shaire, CEO, AVA Capital Group

AVA Global Asset Managers Limited (AVA GAM) has launched its Money Market Fund, following approval from the Securities and Exchange Commission (SEC).

This milestone aligns with AVA GAM’s commitment to drive financial inclusion, support economic growth, and offer Nigerians a reliable avenue for achieving their financial goals.

The Fund with an offer size of N1 billion and a unit price of N1, was launched last week.

The AVA GAM Money Market Fund is an open-ended Fund designed to provide unit holders with a steady stream of income while preserving capital.

Read also: AVA global asset managers lists N4.075bn infrastructure fund on NGX

Ideal for retail investors, high net worth individuals and institutional investors, the fund offers competitive returns, professional management, ease of subscription, and liquidity, making it a credible choice for both new and seasoned investors seeking financial stability.

Speaking during the launch, Efe Shaire, Managing Director, AVA GAM, discussed the Fund’s potential impact saying, “The AVA GAM Money Market Fund comes at a crucial time when Nigerians are seeking secure ways to safeguard and grow their wealth amid economic uncertainties. By offering a low-risk option with steady returns, AVA GAM aims to build trust and encourage more Nigerians to embrace the benefits of structured investing.”

Also, Mayowa Ikotun, Chief Investment Officer, AVA GAM highlighted the Fund’s broader purpose, “Investing is about creating a financially resilient society. The AVA GAM Money Market Fund reflects our dedication to supporting our clients’ financial well-being while contributing to Nigeria’s economic development.”

With a customer-focused approach and a commitment to excellence, AVA GAM is leveraging this launch to empower more Nigerians to take control of their financial futures.

Iheanyi Nwachukwu, is a creative content writer with over 18 years journalism experience writing on banking, finance and capital markets. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA).

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