A mutual fund is a professionally managed investment fund that pools money from many investors to purchase securities. Products include:
Abacus Money Market Fund is an open ended unit trust scheme particularly suited for retail, HNI and Institutional clients seeking for preservation of capital and short term returns.
- Minimum investment of N1,000
- Abacus Money Market Fund is an open-ended Investment Scheme with competitive returns
- A diversified portfolio with investments in quality money market instruments, short term debt securities, such as banker’s acceptances, Commercial papaers, treasury bills and others
Vantage Guaranteed Income Fund (VGIF) is a diversified portfolio of fixed income securities and equities designed to provide capital preservation and a stream of guaranteed income.
- VGIF offers a guaranteed return which is pegged to SDF.
- Returns are paid in January and July.
- The return on investment is not subject to withholding tax.
- Investors may also earn an additional yield equal to 35% of the net income of the Fund
- The investment can be used as collateral for loan from banks.
The Investment One Vantage Balanced Fund (VBFUND) is a diversified and balanced fund designed to maximise long term capital growth and maintain regular income distribution.
- An open -ended fund, it allows unit holders ease of entry and exit
- The investment can be used as a collateral for loan from a lending institution
- Partial redemption of unit holding is permitted and takes less than 5 working days