Fund Summary
| Fund Objective | The fundamental objective of the Fund is to preserve investors’ capital whilst providing liquidity and maximising current income, in line with prevailing Nigerian Money Market yields, by investing in a diversified portfolio of high quality money market instruments. | ||||||
| Target Investors |
The Fund is targeted toward prudent investors (Retail,
High net-worth individuals and Institutions) who are
seeking:
|
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| Fund Manager | Vetiva Fund Managers Limited | ||||||
| Trustees | STL Trustees Limited | ||||||
| Custodian | Citibank Nominees | ||||||
| Indicative Fund Rating (*To be confirmed subsequent to Launch) |
Agusto & Co: A+(f) | ||||||
| Registrar | First Registrars and Investor Services Ltd. | ||||||
| Pricing | NGN 1.00 per Unit | ||||||
| Subscription Method |
Units can be purchased from the Fund Manager by
completing a Subscription
Form.
Completed forms should be returned with a bank draft or
cheque made payable to STL Trustees/Vetiva Money Market
Fund. Your name,
contact address and daytime telephone number must be
written at the back of the bank draft or cheque. A fund
transfer can also be
made into the fund’s account detailed below and the
evidence of transfer submitted alongside other
subscription documents:
|
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| Minimum Subscription | NGN 5,000.00 | ||||||
| Minimum Holding Period | 30 days | ||||||
| Distribution Frequency | Quarterly Distributions |
Fund Data
| Fiscal Year | 31-Dec |
| Domicile | Nigeria |
| Currency | Mutual Fund |
| Investment | Money market instruments, unsubordinated short term debt securities with a maximum tenor of 366 days (Commercial papers, Bankers’ acceptances, Treasury bills, other short term debt securities issued or guaranteed by the Federal Government of Nigeria or any State Government of Nigeria), Fixed/tenured deposits with eligible financial institutions and other instruments issued and approved by the Central Bank of Nigeria from time to time PROVIDED THAT such instruments/issuer shall have an investment rating not lower than that prescribed by the Securities and Exchange Commission from time to time |
| Frequency of Dividend Payment | Quarterly |