The Securities and Exchange Commission (SEC) has given its approval for AVA Global Asset Managers Limited’s Money Market Fund launch. This open-ended fund aims to provide unit holders with a steady income, offering investors a low-risk investment option in challenging economic times.
The fund, with an offer size of N1 billion and a unit price of N1.00, seeks to help investors grow their wealth amidst economic difficulties.
“AVA Global Asset Managers Limited has launched its Money Market Fund, following approval from the Securities and Exchange Commission. The fund, with an offer size of N1 bn and a unit price of N1.00, was launched last week,” the statement read in part.
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Low-risk investment options
Efe Shaire, the Managing Director of AVA Global Asset Managers (AVA GAM), highlighted the importance of low-risk investment options during these uncertain times. The fund is designed to offer a safe and stable income stream for those seeking to preserve and grow their capital.
Mayowa Ikotun, the Chief Investment Officer of the fund, emphasised how this initiative will support financial resilience and contribute to Nigeria’s broader economic growth. The launch of the fund underscores the growing need for secure investment solutions in the current economic landscape.
AVA Global Asset Managers (AVA GAM) is a Securities & Exchange Commission-licensed asset management division of the AVA Capital Group that provides services to individual, institutional, and governmental clients.
Through privately managed portfolios and collective investment schemes, it offers non-traditional asset management services in addition to investment advising and portfolio management services.