GDL launches low-risk ‘Money Market Fund’

Growth and Development Asset Management Limited (GDL) is doubling-down on its commitment to providing first-rate financial solutions to corporate and private investors, with the announcement of the launch of its ‘One Billion Naira Money Market Fund,’ which opened for subscription recently.

The ‘GDL Money Market Fund’ is an open-ended mutual fund authorised and registered in Nigeria as a Unit Trust Scheme under Section 160 of the Investment and Securities Act (‘ISA’) that invests in broadly diversified short-term money market portfolios, ranging from treasury bills, commercial papers, and banker acceptances.

With a minimum investment of N10, 000, the low-risk fund can be bought and sold throughout its existence. Unlike some other investments, the ‘GDL Money Market Fund’ also offers regular income to investors.

The Group MD/CEO of GDL, Kolawole Ayeye explained that “GDL is set to become one of the leading diversified financial institutions in Nigeria, and we have shown our commitment to improving lives and providing financial solutions to commercial ventures across Nigeria.”