In a bid to provide first-rate financial solutions to corporate and private investors, Growth and Development Asset Management Limited (GDL) has announced the launch of a mutual fund tagged, ‘One Billion Naira Money Market Fund’ which opened for subscription on Wednesday, August 15, 2018.
The open-ended mutual fund had been authorized and registered in Nigeria as a Unit Trust Scheme under Section 160 of the Investment and Securities Act (‘ISA’) that invests in broadly diversified short-term money market portfolios ranging from treasury bills, commercial papers, and banker acceptances.
With a minimum investment of N10, 000, the low-risk fund can be bought and sold throughout its existence, offering regular income to investors.
Speaking during the launch, the Group Managing Director/CEO of GDL, Mr. Kolawole Ayeye, said: “GDL is set to become one of the leading diversified financial institutions in Nigeria, and we have shown our commitment to improving lives and providing financial solutions to commercial ventures across Nigeria.
“Our professional managers are skilled and experienced in the industry and we will ensure effective management of the fund – with GDL your investment is secure”.