Mutual Funds

A mutual fund is a professionally managed investment fund that pools money from many investors to purchase securities. Products include:

Abacus

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.

Features

  • 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

VGIF

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.

Features

  • 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.

 

VBFUND

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.

Features

  • 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