AVA Global Asset Managers Limited Introduces Money Market Fund to Navigate Economic Uncertainties
AVA Global Asset Managers Limited (AVA GAM) has announced the launch of its Money Market Fund, a strategic move aimed at providing investors with a stable income stream amidst prevailing economic uncertainties. The fund, which has received the requisite approval from the Securities and Exchange Commission (SEC), offers an attractive investment opportunity with an initial offer size of N1 billion and a unit price of N1.00. This initiative underscores AVA GAM’s commitment to helping investors safeguard and grow their wealth in a challenging economic climate. The fund’s structure is designed to prioritize capital preservation and liquidity, making it a suitable option for investors seeking a safe haven for their funds.
The Money Market Fund operates as an open-ended fund, allowing investors to enter and exit the fund with relative ease. This flexibility provides investors with the opportunity to adjust their investment positions based on their evolving financial needs and market conditions. The fund invests primarily in short-term, highly liquid money market instruments, such as Treasury Bills, commercial paper, and certificates of deposit. These instruments are generally considered low-risk and offer a predictable return, making them an ideal choice for investors seeking stability and income generation.
AVA GAM’s Managing Director, Efe Shaire, emphasized the significance of offering low-risk investment options during periods of economic turbulence. He noted that the Money Market Fund provides investors with a secure avenue to preserve capital and earn steady returns while mitigating the risks associated with more volatile asset classes. This approach aligns with AVA GAM’s core philosophy of providing clients with tailored investment solutions that cater to their specific financial goals and risk tolerance.
Mayowa Ikotun, the Fund’s Chief Investment Officer, highlighted the fund’s potential to contribute to Nigeria’s economic growth by fostering financial resilience among investors. He explained that by providing a safe and accessible investment vehicle, the Money Market Fund encourages savings and investment, which are crucial drivers of economic development. Furthermore, the fund’s investments in money market instruments contribute to the overall liquidity and stability of the financial system, supporting broader economic growth.
The launch of the AVA GAM Money Market Fund comes at a time when investors are increasingly seeking secure investment options to navigate the uncertainties in the Nigerian economy. Factors such as inflation, fluctuating exchange rates, and political risks have contributed to a volatile investment landscape, making it imperative for investors to prioritize capital preservation and steady returns. The Money Market Fund offers a compelling solution for investors seeking a low-risk, income-generating investment vehicle.
This initiative by AVA GAM represents a significant step towards expanding access to reliable investment opportunities in Nigeria. The fund’s focus on stability, liquidity, and accessibility makes it an attractive option for both individual and institutional investors seeking to safeguard their capital and achieve their financial objectives. By providing a secure and efficient platform for investing in money market instruments, AVA GAM is empowering investors to navigate economic challenges and build a more resilient financial future.
