Earning competitive rates on your USD currency
With the prevailing economic challenges in Nigeria, financial investors (including money market participants) continue to search for ways to earn favourable returns on their investment portfolios.
Investors with USD deposits are increasingly seeking opportunities to maximise their foreign currency holdings, outside of what is offered with the standard bank account. The United Capital Nigerian Eurobond Fund offers investors just that.
Nigerian Eurobond (USD) fund
United Capital Plc’s Nigerian Eurobond (USD) fund’s primary objective is to achieve capital appreciation in the short to medium term for investors with USD deposits by investing 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).
Interested subscribers in United Capital’s Eurobond (USD) fund simply need to meet the minimum purchase requirements of 10 units (each unit $100). Subsequent investments are in multiples of 5 units thereafter. The United Capital Plc’s Eurobond (USD) fund opened for subscriptions on January 25, 2017, and will close on March 3, 2017.
With the open-ended mutual fund, subscribers can withdraw funds at any time after the 180-day holding period. In addition to a weekly valuation report, investors can be assured a high level of transparency which includes frequent fund performance reports on a monthly, quarterly and annual basis.
United Capital PLC, is a leading African financial and investment services Group providing bespoke value-added service to its clients. United Capital Plc has been in operation for over 50 years, supporting investor aspirations for financial independence through a number of Collective Investment Schemes and bespoke investment services to HNIs, corporations and government entities.
Its Asset Management division (United Capital Asset Management) which has funds management responsibilities currently oversee over N40 billion in assets under management and is duly registered and licensed by the Securities and Exchange Commission of Nigeria (SEC) to act as Investment Advisers, Portfolio and Asset Managers.
This article is brought to you by United Capital, written by Guardian Brand Studio, to learn more about United Capital Asset Management’s Mutual Funds, visit www.unitedcapitalplcgroup.com/mutualfunds