ARM - (Agressive Growth Fund)

[Curious]

Originally Posted by hardrock_niga

the 3% is got from a nigerian websitehttp://www.intercontinentalbankplc.com/subsidiaries.asp?page_id=7
for your information Rich people dont go for mutual funds rather they go for hedge funds.. Mutual funds are retail funds for people like you and me....any more ?

A hedge fund in Nigeria??? hmmm

[Monwowo]

Discovery fund website now has the information for pple wanting to buy their mutual fund units from outside the country now.

Discovery GTB Locations

It will be very nice to have the other companies too open up to get more investments from Nija abroad.

Things are getting better, but there is room for improvement.

[bjluv]

Hi here Monna, do you accept Nigerian nationals who dont presently reside in Nigeria to get funds? The minimum amount of investment (N50,000) could be paid with naira locally through relatives on my behalf if possible. Kindly let me know...

Originally Posted by monna

Kindly find below the transfer instructions for U.S/CANADA

*Bank :CITIBANK, NEW YORK, USA
*SWIFT CODE :CITIUS33
*ABA NUMBER :0210-0008-9
*FOR CREDIT TO ACCOUNT OF : GUARANTY TRUST BANK PLC, LAGOS NIGERIA
*ACCOUNT NUMBER :36129295
*FOR FINAL CREDIT OF :ASSETS AND RESOURCE MANAGEMENT COMPANY LTD.
*ACCOUNT NUMBER :131211/2/1/1
*AMOUNT :..................................
*REFRENCE :..................................

Please note that these instructions are valid for U.S/ Canada dollar transfers only.
If you wish to make your investment, you could contact me to forward the form to you email address and also attach and send the transfer instruction form to you cause i just wrote it out.
My email is matthew.ameh@armdiscoveryfund.com and my number is 08064146739
I work with ARM and my name is Matthew Ameh from port-harcourt branch. I will need you to send me your email via mine so i could be able to send futher details to you.

[Apache]

@bjluv,

I will suggest you get a copy of the form (that you can get online on this thread), fill it, then scan it and send a soft copy to your relatives. they should print it and with the money go to any Zenith bank branch to pay it in.
Unless Monna has a better suggestion

[monna]

It's okay to get funds.
Like Apache instructed, you can get the form online, fill and send a soft copy to your relatives, so they could make the payments and submit form at any of the receiving agents.

[monna]

Hi,

The ARM AGF public offer is about coming to an end.
Hurrry now and be a part of the fund. Its just 5 days to go.
Thanks all and Kudos to you APACHE. I can see

[Apache]

MUTUAL FUND PERFORMANCE (% growth for 2007)

ARM Aggressive Growth Fund - 86.03% (1)

IBTC Nigerian Equity Fund - 55.40% (5)

ARM Discovery Fund - 56.30% (4)

Fidelity NIG Fund - 48.18% (6)

Coral Growth Fund - 39.32% (7)

ARM Ethical Fund - 82.11% (2)

IBTC Ethical Fund - 67.44% (3)

Coral Ethical Fund - 35.47% (8)

Coral Income Fund - 18.53% (9)



NSE All-Share-Index - 74.73%

Seems buying into the AGF was a very good decision afterall going by these performance of mutual funds in 2007

[Apache]

just got the below email from ARM


AGF Initial Public Offer

We would like to say a big thank you to everyone who subscribed to the ARM Aggressive Growth Fund offer.

If you missed the offer...

Not to worry, the Fund is open ended; hence, you can invest at any convenient time. Please call the Help Desk on 234-1-4488282 or send an email to us at discoveryfund@arm.com.ng and an Account Officer will be willing to meet with you.



POST - AGF IPO Expectations

With the successful completion of the initial public offer, many investors would have expectations regarding their investments. To ensure that your are properly informed, we have outlined the investment process applicable to the offer as follows;

1. Allotment of units of the Fund will commence in January 2008. All investors will be advised electronically on the position of their investments by sending Investment Receipts.

2. The issuance and dispatch of certificates will commence in February 2008. Please allow for 6-8 weeks to receive the investment certificates at your correspondence address.

3. All pre-IPO clients will be advised on the new position of their investments after the Fund has been rebased. The Fund will be rebased after we receive SEC’s approval of the allotment.

You can start making additional contributions to your existing investment. Upon conclusion of allotments and rebasing of the Fund, you will be advised on the position of your investment.



Introducing the E-payment option for investing in the ARM Mutual Funds

You can now subscribe to any of our mutual funds by using your Interswitch compatible ATM/Cash Cards to make online payments. Please find below a guide for ease of payment;

Log on to www.arm.com.ng/armcart

Register on the online store account by providing an email address and password for your use

Upon registration, kindly place your order by clicking on “START SHOPPING”

Select ADD under your preferred mutual fund and enter the amount you wish to invest and save your order accordingly.

Select CHECK-OUT (Here, you may modify the amount to be paid)

If you intend to invest on behalf of a beneficiary, please add the beneficiary's name(s) and amount(s) under COMMENTS and click CONTINUE

Select confirm; provide your ATM/Cash Card details and click PAY

An email notification will be sent to you when payment is confirmed

For further enquiries, please call our help desk on 01-448-8282 or send an email to discoveryfund@arm.com.ng

[ogo]

Originally Posted by monna

Hi,

The ARM AGF public offer is about coming to an end.
Hurrry now and be a part of the fund. Its just 5 days to go.
Thanks all and Kudos to you APACHE. I can see

Hi monna,

I have a friend that works with ARM in lagos and he says I can still get to buy in next week and all I need to do is fill the form and open up an account. Please can you confirm how true this is.

[larry4real]

hi Mathew, I bought the ARM AGF fund thru Zenith bank last year but I havent heard anything since then. when are certificates, online pins and the likes goin to be released so that I can monitor the funds progress online

[Apache]

Just got this by email from ARM

Feedback on AGF IPO

The process of rebasing and allotment of units for the ARM Aggressive Growth Fund is currently on-going. Please find below the latest updates:

- Allotment of units and the rebasing of the Fund will be concluded by the end of February 2008.

- The issuance and dispatch of investment certificates will commence in March 2008.

You will be advised electronically on the position of your investment as soon as this is concluded. However, you can start making additional contributions to your existing investment.

[Monwowo]

Pls can anyone explain this AG fund. The IPO was at 20N, but the price per unit to buy additional units is 370N. Or did I get the IPO price/unit of the fund wrong?

[Apache]

Originally Posted by Monwowo

Pls can anyone explain this AG fund. The IPO was at 20N, but the price per unit to buy additional units is 370N. Or did I get the IPO price/unit of the fund wrong?

The AGF has been in existence but was privately managed and currently controls a value price of N370. however, since they are going to make it public, they are readjusting the price to N20. what this will mean for previous holders is that they will have more units for a lesser price but no value will be lost. It similar to a reconstruction.
In other words, when they relist the fund as a public mutual fund, it will be @ N20. hope this helps

[Monwowo]

Thanks Apache. The answer helped.

[ihenryus]

Guys please I need help figuring out the best way to pay for this fund as a first time investor in the fund since I don't live in Naija. I got in touch with ARM and a personnel there said I could download the Application form, fill/sign it and send to them by email. Then he attached a PDF direction of how to transfer money into the funds CITIBANK account here in US crediting it to GTB for onward credit to ARM account. The ARM rep was very helpful with this info. I just want to run it by more experienced guys here to be sure that is the best option for me. I can still send the form to a relative in Naija but why bother them if I can do everything on my own. Any experienced info on this will be highly valued and appreciated.

[Apache]

Originally Posted by ihenryus

Guys please I need help figuring out the best way to pay for this fund as a first time investor in the fund since I don't live in Naija. I got in touch with ARM and a personnel there said I could download the Application form, fill/sign it and send to them by email. Then he attached a PDF direction of how to transfer money into the funds CITIBANK account here in US crediting it to GTB for onward credit to ARM account. The ARM rep was very helpful with this info. I just want to run it by more experienced guys here to be sure that is the best option for me. I can still send the form to a relative in Naija but why bother them if I can do everything on my own. Any experienced info on this will be highly valued and appreciated.

Don't have any experience with this but i will personally suggest you give this method a try with some little money (money you can afford to lose)and see if it works fine with you. If you are comfortable with it, you can then continue big time. If not, you have the 2nd option

[hispy99]

Originally Posted by ihenryus

Guys please I need help figuring out the best way to pay for this fund as a first time investor in the fund since I don't live in Naija.