IBTC Guaranteed funds

Ehis · #1 (**permalink**) 16th August 2007, 08:28 AM

Hi SMN members
I have been studying the offer prospectus for the IBTC Guaranteed fund and wish to seek your opinion on some issues
1 For those of you that invested in the UBA fund, how's the returns so far?
2 Do you think it is wise to invest in guaranteed funds in Nigeria given the returns received from the NSE in share and other eqity mutual funds?
3 Is it possible that the FGN bons, TB and CP will be the main areas on safe investments in the nearest future given the new CBN policy on the Naira.
Fot the IBTC, 75% of the investment will be in preferrencially select bonds, TB's and CPs while 25% will be expertlt invested in the stocks of blue chips company that will give optimum returns on investment.
I have been enjoying good returns on the IBTC ethical fund and want to seek if it is the in thing for investments in bonds in Nigeri

c kenneths · #2 (**permalink**) 17th August 2007, 12:54 AM

@ Ehis
Pls share, is IBTC offering anything in the market now? as i have not heard anything like that.

Ehis · #3 (**permalink**) 17th August 2007, 09:38 AM

C.Ken
IBTC Is offering 10,000,000 units of N1bn "IBTC Guarateed Investment fund" to the public at N100 each.
The offer opened on Monday 27 Aug 2007 and closes on 3rd October 2007.
You can pick the offer form from any bank in Nigeria or download from Welcome to IBTC Chartered Bank plc
Take care

c kenneths · #4 (**permalink**) 17th August 2007, 12:07 PM

Thanks ehis, I will walk into the nearest IBTC bank branch on my way home.

threecrown · #5 (**permalink**) 13th March 2008, 02:59 PM

Little have been said about this guaranteed investment from IBTC and i think i went into this based on the track records of IBTC as good and secured fund managers without much informations and i also did not study the prospectus properly then. though i have not notice any error and i did got my statement on time. Hope am not alone. pls sombody say something.

hardrock_niga · #6 (**permalink**) 15th March 2008, 04:11 AM

Go to the website Welcome to IBTC Chartered Bank plc and u will get all the information u need. do jolly well and register online and u will see your daily valuation. yes the prices now are low compared to the IPO for the Guranteed fund...look at the name it is Guranteed fund so the risk is very low so u dont expect high returns ..the will trade in Government bills (treasury) and bonds (secured instruments) and may be Fixed deposits to banks (look at the prospectus again). i anticipate 15-25% returns per year. They might not trade in Equities.

Monwowo · #7 (**permalink**) 13th April 2008, 12:52 AM

Please, has anyone sent fund or opened an account for the IBTC mutual fund from abroad? I would like to know IBTC timeline for responding to customers after one has sent money/account opening form to them.

My previous efforts to communicate with IBTC have been met with futiltiy (in terms of response).
Thanks

Murphy · #8 (**permalink**) 14th April 2008, 12:23 PM

Quote:

Originally Posted by Monwowo

Please, has anyone sent fund or opened an account for the IBTC mutual fund from abroad? I would like to know IBTC timeline for responding to customers after one has sent money/account opening form to them.

My previous efforts to communicate with IBTC have been met with futiltiy (in terms of response).
Thanks

I have sent fund to IBTC before and it is on this guaranteed fund. If you make transfer to them and you sent a scanned copy of your transfer to them, you need to follow up with phone call and e-mails before they respond.
They should respond within 5 days of your money reaching them. But sometimes you need to resend the your mail and follow up with phone calls.

slydomber · #9 (**permalink**) 15th April 2008, 05:30 PM

how is the offer for this fund? is it open-ended?

Monwowo · #10 (**permalink**) 16th April 2008, 04:32 AM

It is open ended. See ibtc website under asset management

silmash78@yahoo.com · #11 (**permalink**) 19th April 2008, 03:21 PM

dear member,pls do anyone know the site where i can download and print out the stanbic ibtc ethical fund form for me to subscribe as i am not in nigeria to do that physically.thanks

silmash78@yahoo.com · #12 (**permalink**) 19th April 2008, 03:28 PM

dear member,pls do anyone know the site where i can download and print out the stanbic ibtc ethical fund form for me to subscribe as i am not in nigeria to do that physically.thanks

panasharp · #13 (**permalink**) 20th April 2008, 06:42 AM

I invested in IBTC's Nigeria fund; boy was it frustrating to get someone to respond to my email and phone calls after making the transfer. Even while I was in Lagos. I ended up not sending additional transfer after the initial deposit. I refuse for now to do any more business with IBTC.

Customer service rating - 1 out of 10.

zainabusman · #14 (**permalink**) 20th April 2008, 01:37 PM

Quote:

Originally Posted by silmash78@yahoo.com

dear member,pls do anyone know the site where i can download and print out the stanbic ibtc ethical fund form for me to subscribe as i am not in nigeria to do that physically.thanks

U can get the form here and other details about the fund:

IBTC Chartered Bank plc |Ethical Fund|

Monwowo · #15 (**permalink**) 21st April 2008, 02:15 AM

Quote:

Originally Posted by panasharp

I invested in IBTC's Nigeria fund; boy was it frustrating to get someone to respond to my email and phone calls after making the transfer. Even while I was in Lagos. I ended up not sending additional transfer after the initial deposit. I refuse for now to do any more business with IBTC.

Customer service rating - 1 out of 10.

Now, that is interesting...I have sent money since about 2 weeks now to open the ethical fund account and I am still waiting. I have e-mailed and phoned. I sent the application and a copy of the wire transfers etc. In one reply that I eventually got, IBTC said they have not been advised of the transfer. I have confirmation of the completion of the fund transfer the same day I sent it. With the transfer documents that I sent to them, is it still difficult to check their account for the cashflow?? I don't even know what to do next. I asked my bank to trace the money, but even I am not sure how much help that will do. I think this might be the last time I am going to do anything with IBTC too. For prospective IBTC customers..beware especially if abroad. I hope someone is praying for me here so that my money will not go down the drain oh! If anyone has any info. that might help me..please feel free.

zainabusman · #16 (**permalink**) 21st April 2008, 08:57 AM

Quote:

Originally Posted by Monwowo

Now, that is interesting...I have sent money since about 2 weeks now to open the ethical fund account and I am still waiting. I have e-mailed and phoned. I sent the application and a copy of the wire transfers etc. In one reply that I eventually got, IBTC said they have not been advised of the transfer. I have confirmation of the completion of the fund transfer the same day I sent it. With the transfer documents that I sent to them, is it still difficult to check their account for the cashflow?? I don't even know what to do next. I asked my bank to trace the money, but even I am not sure how much help that will do. I think this might be the last time I am going to do anything with IBTC too. For prospective IBTC customers..beware especially if abroad. I hope someone is praying for me here so that my money will not go down the drain oh! If anyone has any info. that might help me..please feel free.

I think the problem might be for those of you living abroad. I bought IBTC equity fund four times and everything went smoothly.

If u have a friend in Lagos, u might consider sending them the cash and they will issue a cheque in favour of IBTC. They can then drop the cheque and signed form at any IBTC branch (preferably head office).

Alternatively, u can open a current account when next u are in Nigeria. U can then transfer your foreign currency to the account. Thereafter issue a cheque in favour of IBTC/ARM etc and mail it to them.

This way you can track the flow of funds.

hardrock_niga · #17 (**permalink**) 21st April 2008, 05:27 PM

Quote:

Originally Posted by Monwowo

Now, that is interesting...I have sent money since about 2 weeks now to open the ethical fund account and I am still waiting. I have e-mailed and phoned. I sent the application and a copy of the wire transfers etc. In one reply that I eventually got, IBTC said they have not been advised of the transfer. I have confirmation of the completion of the fund transfer the same day I sent it. With the transfer documents that I sent to them, is it still difficult to check their account for the cashflow?? I don't even know what to do next. I asked my bank to trace the money, but even I am not sure how much help that will do. I think this might be the last time I am going to do anything with IBTC too. For prospective IBTC customers..beware especially if abroad. I hope someone is praying for me here so that my money will not go down the drain oh! If anyone has any info. that might help me..please feel free.

try this guy out..He helpmed me a lot.know also that their website is now www.stanbicibtcbank.com

Yomi Okin
IBTC Asset Management Limited
I.B.T.C. Chartered Bank Building
Plot 1712 Idejo Street
Victoria Island
Lagos Nigeria
Tel: + 234-1-2620380 Ext. 100