Benefits of investing in the Cordros Money Market Fund.

The current economic climate in Nigeria has made lots of people wary about investments with most them turning a deaf ear to investment opportunities. With purchasing power depleting, a volatile  equity  market  and  inflation  rising  rapidly,  investors  and  would-be  investors  have remained risk averse. 

The less savvy investors rant that they might be better off keeping the little they have than lose their scarce resource by investing in an unfamiliar terrain.

Collective Investment Schemes are very simple investment vehicles that allows retail investor invest in instruments which ordinarily might have been hitherto elusive. 

The Cordros Money Market Fund is an open ended fund authorized and registered in Nigeria as a Unit Trust Scheme under Section 160 of the Investment and Securities Act. Cordros Asset Management Limited recently floated N1 billion Cordros Money Market Fund and the initial public offer ('IPO') closes on Wednesday September 7th, 2016.

The fund's investment objective is to provide capital preservation and regular income to unit holders by investing in high-quality money market instruments recognized by the Securities & Exchange Commission ('SEC'). Investors of the fund will be provided with the following features and benefits:

• Affordability: The Cordros Money Market Fund is an attractive option because with as little as N10,000 everyone can invest in the fund. The fund is an attractive option for all.

• Diversification: The fund will be investing in a basket of securities and not just a single instrument. The Cordros Money Market Fund will invest in Commercial Papers, Treasury Bills and Fixed deposit with Banks. Although all these instruments are correlated, they often offer varying return and yield profile. 

• Ease of entry and exit: The Cordros Money Market Fund will only invest in highly liquid money market instruments. The fund will have a weighted maturity of 90 days for the investments in the fund. There is free entry and exit to the fund.

• Access  to  professional  fund  managers:  The  Cordros  Money  Market  Fund  will  be managed by Cordros Asset Management Ltd a fund/portfolio management company licensed by the Securities & Exchange Commission as a fund manager.

• Competitive return with minimum investment: In view of this, every investor enjoys a return that ordinarily would have been difficult for them to achieve if they invested themselves.

• Quarterly dividend payment: Every unit holder in the fund will be entitled to receive interest payment every three months on their investment. 

• Safety of Investment: The Cordros Money Market Fund is relatively safe and secured. It has an indicative rating of A(f) from Augusto & Co. In terms of safety, the fund's assets will be held in custody with a licensed Custodian for safekeeping and the fund's activities will be monitored by a Trustee to the Fund and the Securities & Exchange Commission.

In addition to the above, the Cordros Money Market Fund offers investor opportunities to hedge against inflation as some of the instruments the fund will be investing in currently offers a positive real return. Since the fund is structured to pay interest on a quarterly basis, by reinvesting the cumulative. When you earn in investment or savings, that interest then earns interest on itself and this amount is compounded periodically.

Kindly click here to download the offer prospectus which provides more details on the fund, its operations and professional parties. You can also click on any of the links below to download documents in this regard.

Download -  Application form

Download -  Abridged prospectus

Download -  Full prospectus

Download -  Frequently Asked Questions

For further enquiries, kindly contact:

Address: Cordros Asset Management Ltd. 70 Norman Williams Street Ikoyi

Email address: assetmgtteam@cordros.com

Website: www.cordros.com

Phone number: +234 1 9049041


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