David Zack
AVA Global Asset Managers Limited has officially launched its Money Market Fund, a move aimed at providing investors with stable returns amidst economic uncertainties. The fund, which has received approval from the Securities and Exchange Commission, offers an initial size of N1 billion with a unit price set at N1.00.
According to a statement released on Monday, the fund is structured as an open-ended investment vehicle designed to generate consistent income for unit holders. The Managing Director of AVA Global Asset Managers, Efe Shaire, emphasized the significance of low-risk investment opportunities, particularly in challenging economic conditions. Similarly, the firm’s Chief Investment Officer, Mayowa Ikotun, highlighted the fund’s role in enhancing financial resilience and fostering economic growth in Nigeria.
