United Capital Plc has officially commenced operations of its latest subsidiary, United Capital Asset Management West Africa Limited (UCAMWAL), with the launch of two CFA franc-denominated mutual funds: the UCAMWAL Bond Fund and the UCAMWAL Diversified Fund, in Abidjan, Côte d’Ivoire.

This marks a significant step in the group’s strategic pan-African expansion and signals the beginning of operations of the newly launched subsidiary.
The new mutual funds, denominated in CFA francs, represent a significant milestone in UCAMWAL’s mission to deliver sophisticated yet accessible wealth management solutions to investors throughout Francophone West Africa.

According to the firm, the products have been carefully designed to meet the diverse needs of both individual and institutional investors, offering tailored support to long-term wealth creation while addressing varying risk appetites.

“The funds will be available for intending customers across the eight member countries, namely Benin, Burkina Faso, Côte d’Ivoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo within the WAEMU Region.

Commenting on the significance of the launch of the products, the Group Chief Executive Officer, Mr Peter Ashade, said:
“This product launch signals the kick-off of the expansion of our pan-African footprint, starting with the WAEMU region. As a group, our mission is to shape a more financially inclusive and economically resilient Africa, for Africa by Africans. We are here to make a difference, and we are bringing our proven investment expertise into this market, to support cross-border investment, and support Africa-driven prosperity.”