Cordros Asset Management Limited (CAML) has launched the ‘Cordros 10k Challenge’, as part of measures to reintroduce the Mutual Funds products of the company. Deployed through the social media platform to engage potential clients through a video contest, Morenike Da-Silva, acting managing director, Cordros Asset Management explained that the campaign is targeted at a wider market which includes the younger demographic, to engage them on the importance of investing in general and Mutual Funds specifically.
“Our Mutual Funds products include the Cordros Money Market Fund and Cordros Milestone Fund 2023 and Cordros Milestone Fund 2028” said Da-Silva.
The Cordros Money Market Fund is an open-ended fund that seeks to provide safety, liquidity, diversification and competitive return. The Fund offers investors the opportunity to preserve their capital and earn returns from investments in short term money market securities such as treasury bills, commercial papers, banker’s acceptance, certificate of deposits and other eligible money market instruments with financial institutions in Nigeria recognized by the Securities & Exchange Commission.
The Money Market Fund has grown in the excess of 5 billion naira and continues to grow. The minimum initial investment for the Fund is N10,000 for 100 units while additional investments is N5,000.
Our other products, Cordros Milestone Funds 2023 and Cordros Milestone Fund 2028 are target-dated mutual funds which pursues a long-term investment strategy. The Milestone Funds are balanced funds and have a mix of Equities, Fixed Income and Money Market instruments.
The funds will start out seeking capital appreciation and will become more conservative by seeking capital preservation towards their target dates 2023 & 2028.
“This Fund is the first set of target-dated mutual funds to be launched in Nigeria although it is a popular Fund with over $1.1 trillion in investment globally. The Funds which are initiatives of our asset management subsidiary is a strategic move aimed at providing products which cater to the retail segment of the economy. These are specially designed to provide for individuals and corporations saving towards a ‘target’. The minimum amount required to subscribe to the fund is N2,500 and investors can make an additional investment of 10 units or more for N1,000”, she added.
The Cordros 10k Challenge is currently ongoing on all the social media pages of the company and people with the highest number of likes from the video contest will win funded Mutual Funds Accounts from Cordros Asset Management.
Cordros Asset Management Limited is a subsidiary of Cordros Capital Limited licensed by the Securities & Exchange Commission as a fund/portfolio management company. Cordros Asset Management Limited offers services in Portfolio Management, Wealth Management, College and Education Planning, Wills and Estate Planning and Mutual Funds. They aim to attain leadership position in the industry through delivery of extensive products targeted at the retail segment. With a team drawn from a wide range of professional backgrounds, our comprehensive expertise allows us to develop portfolio structures that enable clients achieve their overall investment objectives.
Iheanyi Nwachukwu
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