By Nnamdi Ojiego
Investment One Financial Services Limited (formerly GTB Asset Management Limited) has acquired the funds management rights and responsibilities of the Nigeria International Growth Fund “NIGFUND” from Fidelity Bank Plc.
NIGFUND is a balanced mutual fund launched in 2002 to satisfy the investment objectives of individual and institutional investors. The Bank’s transfer of the fund management right and responsibilities is in compliance with Central Bank of Nigeria (CBN) policy which directed all banks to divest from their non-core financial services.
The acquisition was consequent upon the approval of the unit-holders at the 9th Annual General Meeting of the Fund and ratification by the Securities and Exchange Commission (SEC).
Addressing the Press at the company’s head office in Lagos, on the aquisition of the fund, the Head of Corporate Services, Mrs Abimbola Afolabi-Ajayi, stated that the acquisition was geared toward fulfilling the organisation’s desire to be a one-stop shop for comprehensive investment services and the “first point of call” for insightful and innovative financial solutions.
According to her, the company will bring on board its wealth of experience as a foremost asset management company to provide unit-holders optimal and efficient services.
She also affirmed the company’s commitment towards achieving the overeaching objectives of creating long term capital appreciation and regular dividend distribution to unit-holders through the deployment of investment strategies that are supported by diligent and in-depth research analysis covering all spectra of domestic and international market.
While calling on retail investors to embrace the fund which she said that has balanced investment in equities, fixed income securities and real estate, Afolabi-Ajayi disclosed that the company would embark on massive investment education across the country to increase retail investors’ participation in the fund.
Investment One was licensed by SEC to provide capital market services like funds management, trusteeship, securities brokerage and financial advisory.