Opportunik is a private wealth fund that seeks to connect Africans and Diasporans with worldwide investment possibilities. The company wants to establish a licenced fund on May 2, 2023.
The Opportunity Global Fund (OGF), which will be administered by Accuvise Administrators, a registered fund administrator based in Mauritius, would give investors access to a diverse range of asset classes, allowing them to develop wealth while being exposed to little political or currency risk.
The OGF was intended to relieve some of the challenges that African investors experience, such as high entrance barriers to global agreements, insufficient returns on investments with smaller ticket sizes, shifting exchange rates, and high levels of inflation and taxation.
Participants can be located anywhere in the world, but they must make their investments in the most actively traded currencies, such as the US dollar.
The multi-asset growth fund, which is one of the first private retail funds aimed at Africans, will offer investors the following benefits: a low entry barrier with a minimum investment of $5,000 and voluntary monthly subscriptions in multiples of $1,000; the availability of diversified asset classes and investment strategies in multiple financial markets; a projected return of 10-20% paid annually to investors’ bank accounts; a five-year tenure for the principal.
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Remarks from the CEO of Opportunik Global Fund
The CEO of Opportunik, Kola Oyeneyin says “We created Opportunik Global Fund to directly tackle the challenges many African investors face when looking for global investments. As an African-born fund, we recognise that the continent is full of wealth opportunities; however, there is a need to empower rising middle-class Africans with a platform to enable them to access new markets beyond the continent’s borders,” said Kola Oyeneyin, CEO of Opportunik Global Fund.
“At OGF, we help Africans create wealth and achieve financial independence. We are doing so by connecting investors to a global fund at a low entry barrier and with a healthy return. As we onboard retail and institutional investors before our official launch in May, we look forward to bridging the current wealth inequality gap.”
Accuvise Administrators will collaborate with OGF, which will be driven by an in-house team of fund managers with offices situated across Africa (South Africa, Nigeria, Kenya, and Zambia).
Accuvise has a demonstrated history of successfully designing and administering investment funds, and the company now manages over 216 million dollars’ worth of assets.
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The Assets
A total of $2.4 trillion worth of investable money is said to be kept on the African continent, and the countries of South Africa, Egypt, Nigeria, Kenya, and Morocco are responsible for more than half of the continent’s high-net-worth individuals. The Africa money Report was produced by Henley & Partners.
The significant rise of assets under management (AuM) in most major markets is the primary factor that is expected to fuel the expansion of the wealth management business in Africa by an estimated sixty percent over the next ten years.
If persons in the middle class in Africa were granted access to the same wealth management alternatives that were available to high-net-worth individuals, this would be an excellent opportunity for them.
Applications to join OGF are currently being accepted on an ongoing basis; both retail and institutional investors are required to complete a stringent “Know Your Customer” and “Know Your Business” process, respectively.