United Capital Asset Management, a subsidiary of United Capital Plc, has introduced the United Capital Stable Income Fund, a naira-denominated mutual fund designed to offer low-risk, stable returns for high-value investors amidst market volatility.
In a statement made available to The PUNCH, the new fund targets qualified institutional investors and high-net-worth individuals, offering a minimum investable amount of N50,000,000.
The fund aims to provide capital preservation and returns through a portfolio of money market and fixed-income securities, including government and corporate bonds.
The firm stated that the new fund underscored its commitment to delivering innovative and reliable financial solutions for investors.
The Chief Executive Officer of United Capital Asset Management, Odiri Oginni, highlighted the strategic importance of the new fund, stating, “We are thrilled to introduce the United Capital Stable Income Fund to the investing public.”
He stated that the fund was created in response to the growing market demand for low-risk investments that offer stability and consistent returns, especially amidst current market volatility.
The firm noted that it offered a portfolio aimed at providing competitive yield, liquidity, and safety, with a minimum subscription of 500,000 units and multiples of 100,000 units thereafter.
“With a minimum investable amount of N50m and a minimum subscription of 500,000 units and multiples of 100,000 units, thereafter, the fund targets qualified institutional investors and high-net-worth individuals as defined by the Securities and Exchange Commission rules,” it noted.
According to the investment firm, in addition to capital preservation, the Stable Income Fund provides investors with annual dividends, enhancing its appeal for those seeking steady growth.
It maintained that the fund would be professionally managed by top-tier portfolio managers who employ innovative strategies and thorough market research to optimise performance.
It stated that it had cemented its position as an industry leader, managing over N900bn in assets.
“Also, the company’s consistent track record includes recent dividend payouts of $8,339,100 to unitholders of its dollar-denominated mutual funds and N6.15bn to unitholders of its naira-denominated mutual funds.
“Recent statistics place the company as the second-largest Collective Investment Schemes Fund Manager and an asset manager, with over N900bn in assets under management. The business recently disbursed dividend payouts of $8,339,100 to unitholders of its dollar-denominated mutual funds and N6,149,550,000 to unit holders of its naira-denominated mutual funds,“ the firm explained.
