AVA unveils cash market fund

AVA World Asset Managers Restricted has launched its Cash Market Fund, accredited by the Securities and Alternate Fee.

In an announcement on Monday, the open-ended fund is designed to offer unit holders with a stream of earnings.

Based on the assertion, with a proposal measurement of N1bn and a unit value of N1.00, the fund goals to assist buyers develop their wealth amid financial uncertainties.

“AVA World Asset Managers Restricted has launched its Cash Market Fund, following approval from the Securities and Alternate Fee. The fund, with a proposal measurement of N1 bn and a unit value of N1.00, was launched final week,” the assertion learn partially.

The Managing Director of AVA GAM, Efe Shaire, famous the significance of low-risk funding choices throughout difficult financial occasions.

The Fund’s Chief Funding Officer, Mayowa Ikotun, defined its position in fostering monetary resilience and contributing to Nigeria’s financial progress.

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