Utica Capital Limited has unveiled a blend of insurance and collective investment scheme (CIS), which the Chairman of the company, Dr Adesegun Akin-Olugbade, described as a game changer in the market.
The product is a blend of a high-yield investment vehicle and life insurance targeted at Generation-Z (G-Z), upwardly mobile professionals, individuals who are approaching their retirement and other demographics.
Unveiled in partnership with Custodian, the product branded Utica Custodian Assured Fixed Income Fund (U-CAF), offers investors who have a strong preference for regular income the opportunity to invest in low to medium-risk fixed-income instruments with competitive returns with life insurance as an added value, the company said.
Akin-Olugbade said the product covers death and disability caused by an accident of up to 10 times its principal investment of subscribers capped at not N35 million.
The chairman, an investment banker, said the product was in commitment to the company’s relentless pursuit of excellence and a testament to its dedication to the sort of innovation Nigeria needs to deepen the investment market and appeal to the younger generation, including G-Z.
“In our industry, where the dynamics are ever evolving and the challenges are relentless, we must provide the investing public with the opportunities needed to achieve their financial goals.
We understand that every investor has unique aspirations, dreams and financial needs, and that is why we have meticulously crafted this new product to cater to a diverse range of financial objectives,” he said.
The Managing Director of the company, Ola Belgore, also described U-CAF as a “perfect blend of returns and protection” innovated to deepen the market. He said subscribers could enter or exit the vehicle easily, which makes it more flexible than most investment products in the market.
“In the ever-evolving world of Investments, the need for innovative, reliable and adaptable investment solutions has never been more crucial. Our team, at Utica Capital, understands the unique challenges and opportunities that investors face in today’s dynamic marketplace. We have dedicated ourselves to designing products and services that align seamlessly with investors’ unique needs and financial objectives,” Belgore said.
A minimum amount of N100,000 is required for the initial subscription and N10,000 for additional subscriptions while premature redemption is also available, the Utica Capital Portfolio Manager, Aderonke Osho.
