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Assets Management, Vehicle Of Wealth Creation – Stakeholders February 8, 2019

Foremost shareholder activist, Boniface Okezie, said the role of asset management companies cannot be over emphasiSed as they help Nigerians in managing their wealth and creating opportunities for businesses to grow.

His words: “The contribution of assets management companies may not be visible to so many people but people with discerning business mind know that with a well-managed assets management company like United Capital Assets Management Limited the future of business and wealth creation is bright”.

Another shareholder activist, Adebayo Adeleke, former Secretary General of the Independent Shareholders Association of Nigeria, said the asset management company exists to help those who want to expand their wealth.

“Everybody is encouraged to build wealth, but not everybody has the knowledge and time to do this and that is where an asset management company comes in. People put their wealth in the hands of asset managers because they are experts in this regard,” he said.

For more than 50 years, United Capital Asset Management has supported its clients on their journey to financial independence through collective investment schemes.

Its mutual funds and bespoke investment services constitute a robust suite of products that are designed for the client. Through these product offerings, the company has consistently grown the size of its business over the years with assets under management currently in excess of 100 billion Naira..

The company also has two offerings amongst others, the Money Market fund and Eurobond fund.

The Money Market Fund is a simple way to invest money and receive substantial value in returns within a relatively short time.

It is a mutual fund that allows investors to make periodic contributions to the fund while receiving quarterly returns on the investment.

The Fund offers significant value to the public especially as clients get higher interest rates. It only requires an initial investment of N10,000 to begin, and investors can exit the fund at the end of the said tenor.

These benefits make it a great choice for clients looking to grow their money with investment options that have very low risk.

The United Capital Nigerian Eurobond Fund is a collective investment scheme that is low-risk and returns a competitive interest.

The fund is invested in dollar denominated Eurobonds floated by the Federal Government of Nigeria and top-tier Nigerian corporates

Given the top-value return on investment, it offers an excellent investment option for Nigerians living in the Diaspora who are looking to invest some funds back home.

The minimum investment for the United Capital Nigerian Eurobond Fund is $1000 and subsequently, multiples of $500 or more.

There is no doubt that the company is benefitting from the performance of its parent company, United Capital Plc.

Commenting on last year results, Mr. Peter Ashade, the Group CEO of United Capital Plc, said: “Looking at our results, although there was a slight drop in gross earnings by 4 per cent driven majorly by decline in the yield environment, we are optimistic that we would close the year strong.

He further stated that, “United Capital seeks to reinforce its commitment to continually deliver a strong performance to shareholders, and we remain positive about the future opportunities within the Nigerian and African market, not-withstanding the current challenging macroeconomic environment.”

Last year was exceptionally a good one for the company as it won several awards among its peers.

United Capital Assets Management Limited emerged the 2018 Money Market Fund of the Year at the BusinessDay BFI awards and received ‘A- ‘ rating from foremost rating agency in Nigeria Augusto & Co.

It also ranked the best performing Eurobond fund by nairametrics while it also emerged the second best Equity Market Fund at the BusinessDay awards.

The company also recorded significant growth (292%) in asset size of the Money Market Fund, 122 per cent growth in the asset size of the Eurobond Fund and recorded zero customer complaints and regulatory infractions in the last 12 months.

Source: The Independent