ARM - (Agressive Growth Fund)

[julianbassey]

As some of you know by now. ARM has on monday opened its N1 billion Aggressive Growth Fund (AGF) Initial Public Offering (IPO).

ARM has been doing considerably well with the discovery fund. whats your take on the new fund?

Julz

[c kenneths]

ARM has been doing well with some of the funds they manage and it will be of good benefit for investors to learn to diversify their investments.

@ Julianbassey, what is the unit price of this offer, and what is the duration, also when precisely will the offer terminate.

[hispy99]

Originally Posted by c kenneths

ARM has been doing well with some of the funds they manage and it will be of good benefit for investors to learn to diversify their investments.

@ Julianbassey, what is the unit price of this offer, and what is the duration, also when precisely will the offer terminate.

This link should answer your questions:

It's going for N20/unit and closes on Dec 5.

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[julianbassey]

answer to your question c kennths - I believe hipsy got there before me!

In reality, the ARM (agf) is for a serious long term commitment. Im talking at least 2 years. If it can grow as strong as the the Discovery fund in that period of time then its definatly a worthy buy!

Its also a very good time in the year to be doing the offer, share prices are begining to fall (obvious reason "December"), with a very good investment analysist they stand to make a killing next year if they start placing investments right after the offer.

Julz

[Apache]

Well just to throw some more insight on the AGF, it has actually been in existence for a while now but was privately managed. This year alone, it has a grown by 61%. I think this is second to the IBTC equity fund which i think has returned over 100% (not sure) but it is was above the IBTC ethical fund and discovery fund in terms of YTD growth. I think coming from the reputation of ARM as good fund managers, this is definitely one i will be going in big time.

[julianbassey]

Thanks alot Apache, I think im going to dip into it as well.

Julz

[ozocha]

Hi guys
Attached below is the detailed info about the ARM Aggressive mutial fund

[cruxkhalif]

Hey,

Thanks for the infor.

Cheers

[Apache]

Can someone post the soft copy of the prospectus of the AGF offer
Thanks

[Murphy]

Originally Posted by Apache

Can someone post the soft copy of the prospectus of the AGF offer
Thanks

You can see it on Zenith Bank website front page.
http://www.zenithbank.com/Abridged.pdf

[Monwowo]

Does anyone knows the process for buying AGF from USA/Canada. I meant using US dollars to buy or transferring the fund from a US/Canadian based bank.

[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]

Find more details on the ARM aggressive growth fund

ARM Investment Managers

[monna]

I just joined the forum and can see good analysis of the stocks and mutual funds in general. The ARM Aggressive Growth Fund in addition to what you all know, performed over 73% ytd before the offer. We started the year with a price of about 189 and rose up to 345 though we went public when a unit price was 320. Investing in the AGf gives you a good hedge against inflation and stock selection is carried out on a regular basis.
I work with the firm and you all are free to ask whichever questions you have and i will urge you all to spread the good news and take advantage of the offer.

[Gengen]

Originally Posted by monna

......I work with the firm and you all are free to ask whichever questions you have ....

Monna,

This is excellent. It is a good development and shows the versatility and popularity of SMN. With you revealing your identity people will be able to direct questions, complaints, etc. that only a staff of the firm will be able to answer with a high degree of correctness.

However, be prepared for hard questions!

[monna]

I would'nt run away from attending to issues. We are in business cause of our clients. I just happened to come across this site and have been surfing through since that was one of the reasons i had to reveal my identity.

[hardrock_niga]

Originally Posted by julianbassey

As some of you know by now. ARM has on monday opened its N1 billion Aggressive Growth Fund (AGF) Initial Public Offering (IPO).

ARM has been doing considerably well with the discovery fund. whats your take on the new fund?

Julz

all over the world mutual funds has been and will continue to be for those of us that dont have the time to study the equity markets. For your information, the best highest yield for international mutual funds is the one they call BRIC- Brazil Russsia China and india Emerging Fund. the return is about 43%. Nigeria is one of the emerging markets and the ARM discovery fund is not loaded as you are buying from the public offer. in most mutual funds if you subscribe after the public offer they take 5% of your initial investment plus the 1.5% of the annual management fee. however there is one thing i did not see in the ARM discovery fund ie the bonus(about 4-5%) which they usually give to encourage the initial subscribers. however Discovery might claim that the fund has been placed as private before so we can deduce the performance but we have to believe them hook line and sinker . personally i know the credibility of the directors of discovery is at stake they are men of intergrity ohiweri and okeke..i have read much about them. but nothing can be overlooked..yesterday the ABN amro global fund fell from 100 USD to 45 USD per unit price.

there is risk with the market volatility, nigerian equity market somehow was affected with the recent global market crash and the subprime market but it is affected very minimal. the NSE index is still up double digit for the year.

as you can deduce i dont live in nigeria but am a nigerian..i went to my bank to ask for a loan (interest rates are low compared to nigeria) and when the manager asked me what i want to the loan for i answered to invest in nigerian equity market i was readilly obliged with the loan and was asked to take more. this is on the premise that our equity market is doing fine. in the next 2-3 years if not 1, most of the invesment firms like fidelity, vanguard skandia, scottish widow, providence etc will be scrambling to set up offices in nigeria

From research only 3% of the nigerian population are investing in the equity market, therefore our market is very much underperforming. think of what happens when it gets to 5%..people are getting richer, no more capital flight abroad, EFCC is some how checking the politicians, the naira is appreciating

For my friends in diaspora, take a loan from ur bank and come and invest in our equity market, indians are doing it and they are not smarter than you.

[Curious]

All true words. Having said that, it is important to note that whilst only 3% (would be interested to find out where you got this number from) of the population currently invests in the stock market, majority of the wealth in Nigeria is controlled by a percentage of the population that isn't much larger than 3%.

[hardrock_niga]

Originally Posted by julianbassey

As some of you know by now. ARM has on monday opened its N1 billion Aggressive Growth Fund (AGF) Initial Public Offering (IPO).

ARM has been doing considerably well with the discovery fund. whats your take on the new fund?

Julz

Originally Posted by Curious

All true words. Having said that, it is important to note that whilst only 3% (would be interested to find out where you got this number from) of the population currently invests in the stock market, majority of the wealth in Nigeria is controlled by a percentage of the population that isn't much larger than 3%.

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 ?

[hardrock_niga]

sorry the website is this Welcome to Intercontinental Securities Limited - About Us -