How you could save for future project with ‘fixed income fund’

What is your medium to long-term goal? Do you want to buy a home, upgrade your offices or perhaps pay your child’s school fees? Whatever your age, there will always be something in the near future for which you would require a significant sum of money.

 With FBN Fixed Income Fund, a type of mutual fund, you will achieve your goal because the managers will make your money work for you to enable you solve future financial problems.

A mutual fund is an investment solution that allows individuals to invest in different asset classes like treasury bills, bonds, stocks and fixed deposits. Normally, for an individual investor to be able to play at the high investment level, the investor would need a lot of capital as well as strong financial knowledge.

 Simply put a mutual fund open up a world of investment opportunities to individuals who do not have the time, knowledge or large capital to create their own diversified investment portfolio, but would like to see their money grow.

 Your money is expertly managed by experienced professionals like FBN Capital Asset Management. Investment experts manage the mutual funds and their primary responsibility is to monitor and look after each fund’s assets and performance yield.

 The investment company gives you access to your money when you want it. in other words, the fund is open-ended, which means units may be bought or sold on any business day.

 While the company helps you stay in charge of your investments, you always remain in control of your investment. “All administrative burdens are taken care of, so you can leave it all to us. You can also top up your investment conveniently via standing order, or online through any internet banking account at anytime.

 The FBN fixed income fund focuses on preserving and maximizing return on capital while maintaining a high degree of liquidity. In order to achieve this, the company invests your money in a diversified portfolio of high quality fixed income securities such as government and corporate bonds, bank tenured deposits and treasury bills.

 All you require to do is to invest a minimum of N50,000 and the company will take care of the rest.

 Speaking to journalists at the investor’s clinic organized by the Nigerian Stock Exchange (NSE), Kayode Akinkugbe, managing director and chief executive officer, FBN Capital said you need to understand your assets which include cash, your investment in NSE among others, adding that when you borrow money, it is a liability. “Ensure that your asset is higher than your liability”, he said.

 

TIAMIYU ADIO ISMAIL