Olufemi Adeyemi ![]() |
Cowry Treasurers Directors at the funds launch on Tuesday 9 August 2022 in Lagos. |
Fund and portfolio management company, Cowry Treasurers Limited recently launched three mutual funds at The Civic Centre, Victoria Island, Lagos, to address the challenges of decision making for investors in the financial market.
The Board and Management of Cowry Treasurers Limited has
restated its commitment to protecting investors’ funds with the unveiling of new
mutual funds named; Cowry Equity Fund, Cowry Fixed Income Fund and Cowry
Balanced Fund.
The features of these funds include minimum of 50 units and
multiples of 50 units thereafter while the minimum holding period for investing
in these funds is 90 days.
Speaking at the launch of the funds, the Group Managing
Director, Cowry Assets Management Limited, Johnson Chukwu, said the institution
which started in 2006, has grown stronger and has become a financial
supermarket.
While noting that the philosophy of the company stands on
diligence, highest level of integrity, Chukwu revealed that the group will
launch some dollar denominated funds soon.
“We are happy that we are launching these funds. We are building
an institution that will impact greatly on the economic development of our dear
country as well as helping investors. We stand as a protector of our clients’
funds and we will continue to protect the funds of investors”, he said.
Earlier in his opening remark, the Managing Director, Cowry
Assets Treasurers Limited, Charles Sanni, said that despite the volatility and
challenges bedeviling the global economy, the financial and investment space
undoubtedly remains an integral part for growth and development.
According to Sanni, the desired well being of individuals,
companies and nations is anchored on how well opportunities are identified and
harnessed.
“The launch of these mutual funds is indeed the beginning of
many products that we will be introducing to investors to cater for their
diverse and changing needs. The funds have been approved by the Securities and
Exchange Commission (SEC) and the parties to the funds are reputable and
credible institutions.
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