Nigeria: Guaranty Trust Fund Managers Launches New Investment Platform for Nigerians

Guaranty Trust Fund Managers Limited, the asset management arm of Guaranty Trust Holding Company Plc, has introduced a new investment platform called the Guaranty Trust Investment Fund 724. This open-ended, naira-denominated unit trust scheme is fully authorised and registered by the Securities and Exchange Commission (SEC).

The new investment fund offers 10,000,000 units, each valued at ₦100, through a subscription offering. It aims to generate capital growth from a diversified portfolio of money market instruments such as fixed deposits, commercial papers, Nigerian Treasury Bills, and other short-term instruments. With a minimum subscription of just ₦1,000, Fund 724 offers Nigerians the opportunity to earn more on their savings while enjoying easy access and flexibility in withdrawals.

The fund’s returns will be tied to the average 91-day Nigerian Treasury Bills yield from the previous month. Speaking about the launch, Josephine Essien, Executive Director and Chief Investment Officer of GTFM Limited, expressed enthusiasm about providing a product that allows everyday Nigerians to grow their savings.

“We are thrilled to introduce a retail product that empowers Nigerians to compound the growth of their savings while retaining the ability to access funds when needed,” Essien said. She added that the new investment platform aims to change the perception of asset management as a service for the wealthy. “Fund 724 is designed to offer long-term capital growth for every Nigerian, starting with as little as ₦1,000.”

This initiative from Guaranty Trust Fund Managers is poised to enhance financial inclusion by offering accessible and rewarding investment opportunities to the general public.