United Capital Lists the Nigerian Eurobond Fund and Wealth for Women Fund on the Exchange


Tuesday, June 20, 2017 9:25 AM /United Capital

After a successful public offer of the United Capital Wealth for Women Fund and the United Capital Nigerian Eurobond Fund earlier this year, United Capital Asset Management has officially listed its two new funds on the Nigerian Stock Exchange. The firm also capped off the momentous occasion by sounding the closing gong on the floor of the Nigerian Stock Exchange presided by Executive Director, Capital Markets, Haruna Jalo Waziri.

The two new funds were officially opened to the public on January 25, 2017 as a means to addressing the needs of the diversified client base and evolving investment needs of indigenous and global clients. Despite the economic challenges of the Q1 in the Nigerian market, the fund still received impressive subscriptions and additional interest even after the offer closed.

The United Capital Nigerian Eurobond Fund is an open-ended mutual fund invested in Dollar denominated Eurobonds, floated by the Federal Government of Nigeria, Nigerian top tier banks and other corporate Issuers whose securities are registered with the Securities and Exchange Commission (SEC). The Fund is focused on achieving competitive returns on foreign currency investment amid the current volatility in the value of the Naira. The relatively low minimum investment amount gives individual investors access to the global bond market, while helping them achieve long term capital appreciation. The Market’s receptiveness to recent Eurobond issuances by the Nigerian Federal Government as well as top-tier corporates speaks to the attractiveness of this investment vehicle.

The United Capital Wealth for Women Fund could not have been launched at a better time. The Fund aims to encourage women to imbibe a savings culture, provide an avenue for women to be financially independent and foster female empowerment by investing in businesses who have significant women representation on their boards and/or management. A maximum of 80% of the Fund’s assets are invested primarily in Naira denominated fixed income and high yielding instruments and 20% are invested in carefully selected quoted stocks from the Nigerian Stock Exchange.

Commenting on the listing today, Deputy Group CEO, Bunmi Akinremi stated, ‘We are pleased to be officially listing our new funds today – The Wealth for Women Fund and The Nigerian Eurobond Fund on the Nigerian Stock Exchange. The success of these funds further testifies to our commitment to providing bespoke value added products to our clients.’

United Capital Asset Management Ltd, led by Jude Chiemeka, MD/CEO, also operates four additional successful Mutual Fund portfolios (United Capital Bond Fund, United Capital Equity Fund, United Capital Money Market Fund, and United Capital Balanced Fund). ‘Our Mutual Funds have consistently offered attractive dividend returns for investors and we expect our two new funds to follow suit. We understand that the market is evolving, which means our consumer/customer expectations are also changing and we want to be at the forefront of that change. By consistently developing innovative products for our clients, such as the Nigerian Eurobond Fund and the Wealth for Women Fund it will allow us to do just that’, stated Jude Chiemeka.

For more information about subscribing United Capital’s Wealth for Women Fund, Nigerian Eurobond Fund and other Mutual Funds, visit
www.unitedcapitalplcgroup.com/mutualfunds, email mutualfunds@unitedcapitalplcgroup.com

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