‘Investors will Earn Stream of Income from United Capital Wealth for Women Fund’

The Group Chief Executive Officer of United Capital Plc, Mrs. Oluwatoyin Sanni has said the United Capital Wealth for Women Fund and United Capital Nigerian Eurobond Fund will provide investors regular and steady income stream not generally associated with other forms of investment.

The two mutual funds are floated by United Capital Asset Management, which is a subsidiary of United Capital Plc. Subscription for both offers opened on January 25 and will close on March 3, 2017.

Speaking at United Capital Investors Forum in Lagos , the two funds were formally unveiled, last week, Sanni the United Capital Wealth for Women Fund, for instance, is a public managed fund whose primary objective is to achieve the financial inclusion of the female gender by increasing their access to financial investment products.

“It is designed to address the current imbalance of most investment products being skewed towards the male gender. The fund would focus on meeting the pressing investment needs of women that lay emphasis on safety concerns regarding investment decisions,” she said.

According to her, investment in the United Capital Wealth for Women Fund will provide investors with capital appreciation, competitive returns, diversified portfolio and regular and steady income stream not common with other forms of investment.

Sanni disclosed that the core focus of the fund will be to: enhance the financial security of women; encourage women to imbibe a healthy investment culture, provide avenues for women to be financially independent; and create a sustainable foundation for women’s financial empowerment and development.

She noted that the target of the fund are female business leaders, entrepreneurs and investors across Africa and in diaspora, primarily those with domiciliary accounts in Nigerian banks. The fund, she added, is also for top female executives, and senior female servants.

She explained that the primary objective of the fund is to achieve long-term capital appreciation of its assets, through investment in a portfolio of high quality equity securities quoted on the Nigerian Stock Exchange (NSE) and other investments approved by the Securities and Exchange Commission (SEC).

“The pooling of a variety of securities and investments should minimize fluctuations in earnings. Investors will also obtain indirect access to significant quantities of these shares,” she said.

Prominent female executives and investors who were at the forum endorsed the fund, saying it will really empower woman. For instance, the Wife of former Vice President of Nigeria, Dr. Alex Ekwueme, Dr.(Mrs.) Helen Boyo-Ekwueme; Wife of former Governor of Cross River State, Mr. Donald Duke, Mrs. Onari Duke; Wife of Senate President, Mrs. Toyin Saraki, among others, commended the introduction of the fund.