United Capital Lists New Funds On NSE

By Nse Anthony-Uko

ABUJA, (Sundiata Finance) — United Capital Asset Management has officially listed its two new funds on the Nigerian Stock Exchange.

The firm said the development followed the public offer of the funds, the United Capital Wealth for Women Fund and the United Capital Nigerian Eurobond Fund, earlier this year.

The two new funds were 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, the firm said in a statement on Tuesday.

The United Capital Nigerian Eurobond Fund is an open-ended mutual fund invested in dollar-denominated Eurobonds, floated by the Federal Government, top-tier banks and other corporate issuers whose securities are registered with the Securities and Exchange Commission.

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.

It said the market’s receptiveness to recent Eurobond issuances by the Federal Government as well as top-tier corporates underscored the attractiveness of the investment vehicle.

The Managing Director/Chief Executive Officer, United Capital Asset Management, Jude Chiemeka, said the company was also operating four additional mutual fund portfolios, namely the United Capital Bond Fund, the United Capital Equity Fund, the United Capital Money Market Fund, and the 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.’

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