Guaranty Trust Fund Managers Limited (GTFML), a subsidiary of Guaranty Trust Holding Company Plc, has launched the Guaranty Trust Investment Fund 724 (Fund 724), a naira-denominated, open-ended Unit Trust Scheme approved by the Securities and Exchange Commission (SEC), Nigeria.
Fund 724 offers 10 million units at ₦100 each, with a minimum investment of just ₦1,000, allowing everyday Nigerians to grow their savings through a diversified portfolio of money market instruments, including Nigerian Treasury Bills, fixed deposits, and commercial papers. The scheme will track the average yield of 91-day Nigerian Treasury Bills from the previous month, providing subscribers with a competitive return on their savings.
Josephine Essien, Executive Director and Chief Investment Officer of GTFML, expressed excitement about the launch, stating, "Fund 724 empowers everyday Nigerians to grow their savings while enjoying easy access and withdrawals. Asset management should not be reserved for the privileged few, and with this retail product, we're changing that narrative."
Fund 724 opens for applications on September 30, 2024, with subscriptions starting at ₦1,000. For more details, visit www.gtfundmanagers.com.
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