United Capital Plc Launches Two Mutual Funds

United Capital Plc, a leading investment banking group in Africa, has launched two new mutual funds, thereby giving investors opportunity to diversify their investment and reap significant returns.

The two mutual funds are: The United Capital Nigerian Eurobond Fund and the United Capital Wealth for Women Fund aim to meet the diversified investment portfolio needs of indigenous and global clients. Both funds opened for subscription on January 25, and will close on March 3, 2017.

The United Capital Nigerian Eurobond Fund is an openended mutual fund that will be 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 minimum investment is 10 units ($100 per unit price) and multiples of five units thereafter.

Commenting on the funds, Managing Director, United Capital Asset Management, Mr. Jude Chiemeka said: “We designed these new products specifically to suit the changing needs of our clients. We are excited to launch the United Capital Nigerian Eurobond Fund, as I believe if there was ever a best time for such a product, that time would be now. Our mutual funds have consistently offered attractive dividend returns for investors and we expect our two new funds to follow suit.”

Meanwhile, the United Capital Wealth for Women Fund aims to encourage women to imbibe a savings culture, provide an avenue for women to be financially independent and to create a sustainable foundation for women’s financial empowerment and development in Nigeria. A maximum of 80 per cent of the fund’s assets will be invested primarily in naira denominated fixed income and high yielding instruments and 20 per cent will be invested in carefully selected quoted stocks from the NSE. The fund will invest in businesses who have significant women representation in their management/board.

Commenting on the fund, Group Chief Executive Officer, United Capital Plc, Oluwatoyin Sanni said: “The Wealth for Women Fund comes at a time when the cause of advancement of women is at the forefront of the Africa narrative. Several studies have demonstrated that businesses with significant participation by women on their Boards as well as businesses led by women often outperform their peers. United Capital is committed to empowering African women and in launching this fund, we have gone beyond just saying it to doing something to support this cause through this innovative product.”