BusinessDay
Nigeria's leading finance and market intelligence news report.

Emerging Africa Asset Management launches four Mutual Funds for retail investors

…well-structured to achieve competitive returns, safety through diversification

Emerging Africa Group, one of the leading investment banking franchises, has taken a significant step towards the achievement of financial inclusion on the African continent. The company did this through the introduction of four (4) distinct new mutual funds offering a diversified range of investment assets to retail investors.

The funds were unveiled at a hybrid event on January 27, 2021 which had 25 guests attending in person at the Capital Club, Lagos as well as 600+ registered virtual participants joining via zoom from several countries.

The event featured the introduction of the four mutual funds by the Managing Director of Emerging Africa Asset Management Limited, Adaku Ijara who provided insights into the significant growth being witnessed in the Mutual Funds industry in Nigeria as well as the features, benefits, risks and returns of each of the funds namely, the Emerging Africa Balanced Diversity Fund, the Emerging Africa Bond Fund, the Emerging Africa Eurobond Fund and the Emerging Africa Money Market Fund.

She explained that the Funds were well structured to achieve competitive returns and safety through diversification and all are duly registered by the Securities and Exchange Commission. The Funds also parade reputable professional parties such as Rand Merchant Bank as Custodian, FBN Quest Trustees and United Capital Trustees as Trustees and other reputable firms.

Read Also: Nigeria Redeems $500mn Eurobond

Dignitaries present to endorse and recommend the funds included Onikepo Akande, Chairman, Emerging Africa Group who remarked on the attractive return prospects of the Eurobond Fund, Bismarck Rewane, CEO Financial Derivatives & member Presidential Economic Advisory Council who also remarked on the excellent timing of the introduction of the Eurobond Fund in the light of the Federal Government of Nigeria’s commitment to its Eurobond Programme commended, Asue Ighodalo, Founding Partner B & I Law firm who advised discerning investors to partake of all the four funds to achieve proper diversification of their portfolios and also expressed confidence in the track records of Emerging Africa’s founder. Also present were Biodun Adedipe, Chief Consultant, B. Adedipe Associates Limited and Chairman of the Investment Committee of the funds who remarked on the expert structure and governance of the funds as well as the excellent pedigree of its founders. Also present at the event were two Non-Executive Directors of Emerging Africa Asset Management Limited, Oghogho Osula and Lukman Adam.

In her own remarks, Toyin F Sanni, Chairman, Emerging Africa Asset Management Limited and Founder, Emerging Africa stated as follows, “Emerging Africa Group is transforming Africa, one individual at a time, one company at a time, one community at a time and one nation at a time. It is indeed a great honor for me to lead this organization in accomplishing its mission, which is to be the leading catalyst for Africa’s emergence as a global investment origin and destination.’’ She reminded participants that Emerging Africa Asset Management Limited is part of a larger group of companies providing integrated financing and investment solutions covering Financial Advisory and Capital Raising, SME financing, Trusts and Asset Management.

The Team of experts presented also answers questions from participants including assurances that the subscription process could be completed online from anywhere in the world. At the end, participants commented that the event was very enlightening and expressed keen interest in the products on offer.

Emerging Africa Asset Management Limited is a subsidiary of the Emerging Africa Group which is a provider of financial services aimed to facilitate the investment process for African entities and individuals and for investors interested in Africa’s attractive investment opportunities.

Get real time updates directly on you device, subscribe now.