IBTC Guaranteed funds

[Monwowo]

IBTC finally returned my e-mail after I called Yomi's number as given by a member on this forum. IBTC ackowledged the receipt of the fund, now they asked me to go do another SWIFT message for the purpose for sending the fund to them. Absurd??? Well, that is the dilemma.

The IBTC ethical fund application has the required info. for the SWIFT message to be included when doing a transfer to IBTC, and it did not include stating a purpose. And I have stated the purpose myself that it was for the ethical fund and I also sent an application form. I am trying to see if my bank can do a supplemental SWIFT message again, which would cost me money. The whole process has been very frustrating. This is really a "lesson on How NOT to treat a customer".

Is IBTC that BIG to warrant this "YANGA"? And even if they are big, it is the customers that make them "thick" (if only someone realises this).

If anyone wants to invest in IBTC, then try the home approach as advised by Zainabushman.

[lumidii]

I've just checked the price of the IBTC guaranteed funds, and its still below the N100 mark as at 02 Sept 08. It never went above N100 for the past six months, and i thought the make-up was 75/25 in fixed income/equities, and yet its still down.

Would it not make sense to vary the make-up in favour of guaranteed income by going 95/05 in this bearish period? Cos, to me, its more like the little guaranteed income from the money market instruments are being wiped out by the major losses in the capital market allocation.

Banks are desperate for deposits right now, but i don't fancy fixed deposits at mo, what about CBN treasury bills? Do they still issue them? Can one buy into those?

[g-company]

You are quit right in this bearish season mutual funds are better vehicles for investment.
Have you heard about ARM's 'Gift of alife time?

[hispy99]

IBTC Equity distribution rises by 10.5%
By Udeme Ekwere
Published: Thursday, 25 Sep 2008
As from October 15, 2008, unit holders of the IBTC Nigerian Equity Fund will begin to enjoy a distribution payout of N105 per unit for the year ended December 31, 2007.

The amount, payable to unit holders registered in the fund’s books as at January 29, 2008, marks an increase by 10.53 per cent over N95 per unit paid the previous year.

This distribution, which was recommended by the board of directors, and the trustees, was approved by the shareholders during the company’s annual general meeting in Lagos on Wednesday.

Speaking on the fund’s achievement during the year under review, the Chairman of IBTC Asset Management, the fund managers, Mr. Atedo Peterside, said that the fund was one of the biggest and most successful mutual fund in the country.

He stated that the fund had generated great income for its unit holders because of the company’s commitment to ensuring that the funds were invested in choice stocks and investments that yielded great value for investors.

The fund had recorded a net-income before tax of N12.193bn for 2007. This amount represented an increase by 116 per cent over N5.645bn recorded in 2006.

Its net income after tax also rose by 54 per cent up from N5.597bn in 2006 to N12.131bn.

The Chief Executive Officer, IBTC Asset Management Limited, Mr. Akeem Oyewale, said that the fund manager was set to continually achieve the funds objective of long-term capital appreciation in its assets. This, he said, would be through investment in blue-chip quoted equity securities on the Nigerian Stock Exchange and other investments approved by the Securities and Exchange Commission.

“By investing a minimum of 75 per cent of its assets in the capital market and a maximum of 25 per cent in the money market as stipulated by the trust deed, the fund manager diversifies the portfolio, thereby spreading the risks that may arise as a result of concentrating investment in a single stock or sector,” Oyewale said.

“We expect the banking, insurance, building materials and construction sectors to witness substantial growth, fuelled by the expected expansionary fiscal budget and anticipated investments in infrastructure in the coming year,” he added.

[hispy99]

IBTC Guaranteed focuses on improved profitability
By Udeme Ekwere
Published: Friday, 10 Oct 2008
The IBTC Guaranteed Investment Fund has assured its investors and unitholders of more profit and improved returns next year.

The assurance was made by the Fund Manager at the first Annual General Meeting of the fund held in Lagos on Thursday.

Speaking at the event, the Managing Director, IBTC Asset Management Limited, Mr. Akeem Oyewale, said that by the end of the 2009 financial year, the company would work towards ensuring that its unitholders enjoyed great returns on their investments.

According to him, “The fund manager will continue to exploit the positive developments in various sectors in line with the tenets of the trust deed as well as opportunities in the money market to achieve a long term sustainable performance of the fund.”

He said that the Fund was targeted at conservative investors whose primary objective was security of asset and with competitive returns in the medium to long term.

He added that it would seek to meet with its objective, which was to deliver long-term appreciation of its assets through investments in a portfolio of fixed income securities.

This, according to him, included federal and state governments’ bonds, as well as money market securities approved by the Securities and Exchange Commission.

While noting that the IBTC Guaranteed Investment Fund was the latest in the family of mutual funds managed by the IBTC Asset Management, Oyewale said that the fund began its financial year with an initial public offering of 10 million units of N100 each last August.

He explained that the fund had opened in January with an offer price of N94.85 and closed at a price of N98.95, showing an appreciation of 4.32 per cent on the opening offer price over the six-month period ended June 30, 2008, an annualised

return of 8.64 per cent.

He added that the net value of the fund was in excess of N1.25bn as at June 30, 2008, out of which about 77.4 per cent was invested in Fixed Income

Securities, while the remaining 22.6 per cent was invested in equities.

[Michael]

Originally Posted by hispy99

IBTC Guaranteed focuses on improved profitability
By Udeme Ekwere
Published: Friday, 10 Oct 2008
The IBTC Guaranteed Investment Fund has assured its investors and unitholders of more profit and improved returns next year.

The assurance was made by the Fund Manager at the first Annual General Meeting of the fund held in Lagos on Thursday.

Speaking at the event, the Managing Director, IBTC Asset Management Limited, Mr. Akeem Oyewale, said that by the end of the 2009 financial year, the company would work towards ensuring that its unitholders enjoyed great returns on their investments.

According to him, “The fund manager will continue to exploit the positive developments in various sectors in line with the tenets of the trust deed as well as opportunities in the money market to achieve a long term sustainable performance of the fund.”

He said that the Fund was targeted at conservative investors whose primary objective was security of asset and with competitive returns in the medium to long term.

He added that it would seek to meet with its objective, which was to deliver long-term appreciation of its assets through investments in a portfolio of fixed income securities.

This, according to him, included federal and state governments’ bonds, as well as money market securities approved by the Securities and Exchange Commission.

While noting that the IBTC Guaranteed Investment Fund was the latest in the family of mutual funds managed by the IBTC Asset Management, Oyewale said that the fund began its financial year with an initial public offering of 10 million units of N100 each last August.

He explained that the fund had opened in January with an offer price of N94.85 and closed at a price of N98.95, showing an appreciation of 4.32 per cent on the opening offer price over the six-month period ended June 30, 2008, an annualised

return of 8.64 per cent.

He added that the net value of the fund was in excess of N1.25bn as at June 30, 2008, out of which about 77.4 per cent was invested in Fixed Income

Securities, while the remaining 22.6 per cent was invested in equities.

The Value of the fund today is 97.33 which is a 2.6% Increase for a 9 Month period. APR is 3.87%. This does not include liquidation spread. I think we will be safer putting our money in a Savings account. Less Risk for more returns.

[knightofdelta]

Originally Posted by Michael

The Value of the fund today is 97.33 which is a 2.6% Increase for a 9 Month period. APR is 3.87%. This does not include liquidation spread. I think we will be safer putting our money in a Savings account. Less Risk for more returns.

Spot on... but it is still better than most shares on the stock exchange.

[Michael]

Originally Posted by knightofdelta

Spot on... but it is still better than most shares on the stock exchange.

But with shares you invest in the risk for higher returns. In Guaranteed funds you want to avoid risk and maintain Capital, by the time the charges are deducted and the spread taking into account, they end in negative territory.