NIMED Capital Limited, a fund management company licensed by the Securities and Exchange Commission (SEC) and the National Pensions Regulatory Authority, NPRA, with specialty in investment banking and fund management, has announced the launch of its new unit trust – The NIMED Lifetime Unit Trust.
The Scheme, which was launched on 3rd March, 2021, will focus on investing in the fixed income market.
On a regional level, 100% of the fund will be invested in securities within Ghana.
The NIMED Lifetime Unit Trust is an open-ended fund with the aim of investing in investment grade fixed income securities that will provide investors with capital preservation, income and growth in the medium to long-term.
This will enable investors to meet their objectives of retirement, education, buying a home and many more.
“The offer proposes to raise an initial subscription between March 3rd, 2021 and March 23rd, 2021. It also has a minimum subscription of GHS 300 and thereafter in multiples of GHS 50 for investors. As we expect to roll out our first unit trust over the next few weeks, we are targeting an AUM of GHS 10million to GHS 20million in the first 2 years as we advise clients to take hold of their future by investing in the fund. Our focus will be on the fixed income market to generate good returns for the fund,” said Abena Brigidi, the CEO of NIMED Capital Limited.
Abena Brigidi has worked on putting NIMED Lifetime Unit Trust as a good investment vehicle for both retail and institutional clients. This move will deepen the competition in Ghana’s mutual fund industry.
Addressing stakeholders, the Portfolio Manager of the company, Peggy Adoma Denkyi, said the fund is intended to fulfil future goals and thus individuals and organizations who invest in it will be assured of a sustainable source of income for long-term projects.
She entreated the public to have confidence in the financial sector, adding that NIMED Capital has a credible track record, having gone through the recent financial sector cleanup which led to the collapse of 53 similar institutions.
NIMED Capital Limited currently has multiple business lines in the investment banking sector.
It engages in the management of pension funds, institutional funds, private wealth and mutual funds.
It also has a corporate finance department that advises clients on raising funds. Though 2020 was a challenging year, this year has seen some degree of recovery from the negative effects of the pandemic.