United Capital unveils Stable Income Fund

UNITED Capital Asset Management Ltd., a subsidiary of the pan-African investment and financial services group, United Capital Plc, has unveiled a new mutual fund, the United Capital Stable Income Fund.

According to the company, the new fund underscores its commitment to delivering innovative and reliable financial solutions for investors.

The Fund is a specialized, open-ended, naira-denominated mutual fund that invests in a diversified portfolio of money market and fixed-income securities, including government bonds, corporate bonds, and other fixed-income securities.

It explained further in a statement that the fund was designed as a low-risk investment product, adding: “The fund aims to provide investors with stable returns over a medium to long-term period while ensuring the preservation and protection of their capital.

Managing Director/Chief Executive Officer of United Capital Asset Management Ltd., Odiri Oginni, expressed enthusiasm about the new fund.

She said: “We are thrilled to introduce the United Capital Stable Income Fund, the latest fund in the array of our mutual fund offerings. This fund was created in response to the growing market demand for low-risk investment options that offer stability and consistent returns, especially amidst current market volatility. It offers a well-diversified portfolio and is specially designed for investors who prioritise capital preservation and steady growth, ensuring that investors can achieve their financial goals with confidence and peace of mind.”

Projecting the performance of the fund, she added: “We are confident that the fund will perform excellently in the market. It is professionally managed by top-tier portfolio managers, who use innovative strategies, thorough market research, and analysis of pricing trends, to ensure the fund performs optimally.

“In addition to capital preservation and consistent returns, the Stable Income Fund offers investors annual dividends and an opportunity to invest in a diversified portfolio aimed at providing competitive yield, liquidity, and safety.

“With a minimum investable amount of ₦50,000,000.00 and a minimum subscription of 500,000 units and multiples of 100,000 units thereafter, the fund targets qualified institutional investors and high net worth individuals as defined by the Securities and Exchange Commission (SEC) rules.”

According to the statement, United Capital Asset Management has cemented its place as an industry leader, consistently demonstrating an upward trajectory in the fund management space.

She cited recent statistics as placing the company as the second-largest collective investment schemes fund manager and an asset manager to over N900 billion in terms of assets under management.

“The business recently disbursed dividend payouts of $8,339,100 to unit holders of its dollar-denominated mutual funds and N6,149,550,000 to unit holders of its naira-denominated mutual funds,” the statement added.