FCAM’s N1.96 billion mutual fund gets A+ rating
Legacy Debt Fund, a N1.96 billion mutual fund managed by First City Asset Management Limited (FCAM), has had its credit quality risk rating upgraded by one notch, from A(f) to A+(f), by Agusto & Co, the foremost pan-African rating agency.
FCAM’s legacy short maturity fund returned 12.99% in 2017
Unitholders of Legacy Short Maturity (NGN) Fund, a mutual fund managed by First City Asset Management Limited (FCAM), have approved the financial statements of the Fund for the year ended June 30, 2017, while also applauding it for generating returns of 12.99% despite the challenging operating environment FCAM is the wealth and investment management arm…
FCMB subsidiaries clinch retail, equity awards
Two subsidiaries of FCMB Group Plc- First City Monument Bank (FCMB) and First City Asset Management Limited (FCAM), have emerged as the, ‘’Most Improved Retail Bank in Nigeria’’ and ‘’Best Managed Fund in Equity’’, respectively, at this year’s BusinessDay Banking Awards held in Lagos.