Zenith mutual fund offers: a perspective on the Equity, Ethical and Income Portfolios (3)
May 29th, 2008 Tunde Brown || tunde.brown@stockmarketnigeria.com
By Tunde Brown
The Zenith Income Fund serves low-risk inclined investors who seek an average return in fixed rate return investments. This Fund, just like the Equity and Ethical, is a unit trust scheme that is open to new investors at any stage of its life cycle. The Fund which would be regulated by the Securities and Exchange Commission, would pool together monies of investors seeking capital preservation, stable and constant income flows.
The Income Fund is cautious and prepared to accept some value fluctuation in retrun for long-term growth, and as such, a greater portion of the monies would go into fixed rate return investment. While the asstes class to be invested in ranges from Government securities to Corporate bonds, Commercial bills and listed shares, 80 per cent of the assets would be in fixed income securities, while 20 per cent would be in listed companies.
The Income Fund has on offer, 200 million units at N10.00 each, application for which is subject to similar terms as with the Ethical and Equity funds (minimum of 10,000 units, and multiples of 2,500 thereafter). For all three funds, the Fund Manager is Zenith Bank Plc, and the Issuing House - Zenith Capital Limited. The generic benefits to these Funds are that of professional management, diversification, and liquidity.
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