By PETER EGWUATU

In a bid to help investors diversify their investments and reduce risk , FBN Capital Limited, an investment and Asset Management subsidiary of the First Bank Group, has floated a  fixed income and money market instruments.

According to the MD/CEO of FBN Capital, Mr. Kayode Akinkugbe, ‘the launch of both funds at the same time will offer investors exposure to short term and liquid money market Instruments. Yields on investments will provide portfolio diversification as well as the ability to gain exposure to different sectors of the economy.”

He stated that the  funds are targeted at Retail Investors,  High Net worth Investors (HNI), Institutions, Corporates,  Small and Medium Enterprises (SME’s), Governments institutions, Charities, Endowments, Trusts, Sinking Funds, Reserve Funds, Religious bodies anyone who wants to save and invest outside the equity market.

According to him, “The funds are managed by very experienced and well qualified investment professionals with verifiable and excellent performance records. The FBN Money Market fund has a minimum initial subscription of only N5,000 at an offer price of N100 (one hundred naira) per unit, while the FBN Fixed Income Fund has an initial minimum amount of N100, 000 (one hundred thousand naira) per unit. Additionally, investing in the Funds offers tax advantages as income accrued and payable to investors is tax free.”

The Director and Head of Asset Management of the company, Mr. Michael Oyebola stated “both funds will provide steady and attractive returns as are attainable in the market today. Unit holders will receive value in the form of interest income and investors will be able to purchase and sell the units in the fund on any business day throughout the funds life. They are very good additions to savings portfolios, with better interest earnings”.

The funds offer a number of benefits, including access to current rates in the Bond and Treasury Bill markets. They also provide access to a high level of liquidity – meaning investors can easily sell their holdings and receive their cash back plus accumulated returns.