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Afrinvest Asset Management Limited Launches Money Market Fund

Proshare

Wednesday, November 29, 2017 8:00AM / Afrinvest 

The Afrinvest Plutus Fund is a simple and affordable saving solution designed for all classes of income earners with a minimum subscription of N5,000. The open-ended money market unit trust scheme is approved by the Securities & Exchange Commission (SEC), and is designed with a primary goal to achieve overall positive total returns for investors who value stability, liquidity, real returns, and security of their financial assets, in line with unitholders’ investment goals. 

The Fund is, therefore, offering N10,000,000 units at N100 per unit from 20 November to 18 December 2017. It offers investors access to a diversified portfolio of quality, low-risk money market securities including short-term government securities, certificates of deposits and commercial papers, amongst others. Furthermore, the Fund provides the flexibility of investing on behalf of someone else and for business ventures, provided the necessary documentation is supplied. 

Details of the Afrinvest Plutus Fund are presented thus: 

Fund Manager

Afrinvest Asset Management

Fund

Afrinvest Plutus Fund

Fund Rating

A+(F)

Rating Agency

DataPro Limited

Target Size

N1 billion

Unit of Sale

N100 per unit

Minimum Initial Investment

N5,000 (50 units)

Subsequent Investment

Multiples of N5,000 (50 units)

Minimum Holding Period

91 days

Risk Profile

Low

Income Distribution

Quarterly

Issuing House

Afrinvest (West Africa) Limited

Custodian

UBA Plc (Global Investor Services Division)

Trustee

Meristem Trustees Limited

 

For more information on the Afrinvest Plutus Fund, the prospectus can be found here, or you can call +234 809 713 3163. 

To subscribe to the Fund, kindly visit www.plutus.afrinvest.com
  

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