AVA Global Asset Managers Limited has unveiled its Money Market Fund, approved by the Securities and Exchange Commission.
In a statement on Monday, February 3, 2025, the open-ended fund is made to provide unit holders with a stream of income.
The statement disclosed that with an offer size of N1bn and a unit price of N1.00, the fund aims to help investors grow their wealth amid economic uncertainties.
Parts of the statement read: “AVA Global Asset Managers Limited has launched its Money Market Fund, following approval from the Securities and Exchange Commission. The fund, with an offer size of N1 bn and a unit price of N1.00, was launched last week.”
The Managing Director of AVA GAM, Efe Shaire, noted the importance of low-risk investment options during challenging economic times.
The Fund’s Chief Investment Officer, Mayowa Ikotun, explained its role in fostering financial resilience and contributing to Nigeria’s economic growth.
Source: www.mynigeria.com
