Zenith mutual fund offers: a perspective on the Equity, Ethical and Income Portfolios (1)
May 28th, 2008 Tunde Brown || tunde.brown@stockmarketnigeria.com
By Tunde Brown
Zenith Bank Plc is a bank that has in recent past proven its adroit approach to wealth creation and management. In the less than 20 years of existence, the bank has done considerably well in the industry in view of its age in relation to the key performance indices, particularly in terms of profitability and service quality. This makes the bank’s entry into the mutual fund terrain a welcome development, as this would afford investors the benefit of being a part of the experience and proficiency of this bank in wealth creation and management.
Zenith Plc made available to the investing public three forms of mutual funds investment channels, namely: Zenith Equity Fund; Zenith Ethical Fund and Zenith Income Fund. The bank has provided these three avenues to accommodate would-be investors’ preferences in terms of liquidity, principled predilections and the long term.
Zenith Equity Fund is an open-ended unit trust scheme (an open ended mutual fund is open to new investors at any stage of its life cycle) that invests predominantly in equities in Nigeria as well as in investment grade fixed- income securities. Post offer investors/subscribers may have additional units created and allotted to them at a price computed in accordance with the SEC’s approved basis for computing offer price.
The Equity Fund is designed for investors seeking to optimize their returns at minimal risk. It provides a relatively cheap opportunity for investors to build wealth at a considerably lower risk than direct stock investments and higher potential returns than fixed income instruments. The Fund managers have guaranteed no return monies on the Equity Fund, being an open-ended sort. The fund will have some money market and bond investments and a fair proportion of its investment in equities. Assets to be invested in are primarily Government bonds, corporate bonds, Commercial bills and listed shares. This channel that holds capital appreciation and diversification as main objectives is targeted at investors who are out for aggressive growth, seeking diversification with a high risk appetite.
(No Ratings Yet)
Loading ...
hej
every one pls i will like to know if this offer will be extended ? some one pls tell me
tanx
i have already invest in equity fund pls how can monitor the business through net