AIICO’s 10m Units Offer Ends, April

The 10 million units
primary offer of AIICO Capital in circulation since March 10th, 2014 would end next month, April 17, 2014.
The shares being managed by AIICO Money Market Fund (AMMF) which is sold at N100.00 per unit was sponsored by AIICO Capital Limited.
At the investors’ forum, the Managing Director of AIICO Capital Limited, Mr Dipo Oguntuga said the fund is an open-ended fund which seeks to achieve competitive and steady returns for investors, as well as ensuring capital preservation by investing in a diversified portfolio of money market securities.
He noted that the fund would also offer an added benefit of a group accident insurance policy to retail investors in the fund.
Oguntuga said in a statement that the primary offer serves as an opportunity for investors who desire regular and competitive  income from high quality short term money market.
AIICO fund is the first from the bouquet of mutual fund products with the UBA Trustees Limited as the Trustees to the fund while United Bank for Africa Plc (Global Investors Services) serves as the custodian to the fund.
It would be recalled that AIICO capital has been involved in the Civil Service Contributory Pension Scheme.