CDH Asset Management a subsidiary of the CDH Financial Holdings has launched a new investment product, the CDH Balanced Fund.
The Fund is initially offering five million (5,000,000) shares to the public at GH¢0.10 per share in an offer that runs between April 13, 2015 and April 30, 2015.
The offer period is from 13th April, 2015 till to the end of that month.
As a typical mutual fund, the CDH B-Fund is designed to allow investors to pool their investments.
The funds accumulated will be divided in two equal proportions and invested in equity (shares) in publicly traded companies and fixed-income investments.
In an interview with Citi Business News the Executive Director of CDH Asset Management, Seth Aryitey noted that the fund is opened to all individuals with different income earning levels.
‘A person needs to invest only GH¢20 to become a shareholder, followed by regular minimum monthly contribution of GH¢10; our aim is to help you to prosper even if you have little money.”
According to the company, shareholders of the balanced fund will enjoy threefold benefit that is capital gains, dividends, and interest payments, while investors are assured that their funds will be invested with a high sense of security and safety.
“One of the best assurances in life is the confidence in knowing that your money is working for you; that your investment is under the sound management of the very best wealth advisors, who apply rare investment wisdom, experience and expertise, to ensure that you prosper.” Emmanuel Adu-Sarkodee, Group Chief Executive Officer of CDH Financial Holdings.
Meanwhile The Director General of the Securities and Exchange Commission, Dr Adu Anane Antwi has challenged investors to invest in long term investment instruments instead of short term ones.
According to him, long term investments such as mutual funds facilitates the completion of projects as compared to shorter term ones which may derail plans of investors.
By: Lorrencia Nkrumah/citifmonline.com/Ghana