Stockbrokers and investment analysts have endorsed the proposed funds management approach for the ongoing N2 billion mutual funds of 10,000,000 units offer for subscription by Access Investments and Securities Limited.
At the interactive session held in Lagos recently, Head Capital Market, Calyx Securities Ltd, Mr. Okonkwo Ignatius Ekene expressed satisfaction with the proposed approach to management of the funds by the Funds managers, Access Investment and Securities Ltd.
Also in her own view, Mrs. Nkoli Edoka of Prime Wealth Capital Ltd, said that clearly the mutual fund is unique in its propositions to investors and she is confident that the approach to its application to investment will be of significant benefit to investors.
According to Edoka, the proposed approach to Funds Management as shown by the yield curve management, trading strategy and funds administration process, is an indication of the level of expertise that would go into the funds administration and quality of returns investors should expect.
Earlier in his presentation, MD/CEO, Access Securities and Investment Ltd, Winston Osuchukwu said, “this public offering presents a unique and highly rewarding investment opportunity to investors to set their money working efficiently and effectively independent of them, as each of the funds offer extremely exciting benefits to investors. “For instance, Access Fixed Income Fund was created and structured with the ultimate goal of achieving long-term returns that are uncorrelated with the Nigerian equities market by investing in a portfolio of Federal Government Bonds, Money Market Securities and Cash that have been approved by the Securities and Exchange Commission of Nigeria for our investors.
Similarly, investors in the Access Balanced Fund can buy a single product that will automatically rotate their investment among equities, bonds, money market securities and cash, based on a thoroughly tested quantitative model that gives the investors the best upside potential while managing the downside risk.”
He added that the funds will serve as portfolio diversifiers for investors and provide a consistent stream of income, given their highly diversified approach and feature.”
Illustrating this point, Mr. Osuchukwu said, “investors in the Access Fixed Income Fund will enjoy regular coupon payment, potential capital gains on their investments, interest payment on intermediate coupon and interest payment on the principal invested.
“ For subscribers to the Access Balanced Fund, returns include but are not limited to regular coupon payment, potential capital gains, interest on intermediate coupon, dividends payment, capital appreciation and interest on principal invested.”