Anidaso Mutual Fund’s net asset rises by 45.37 per cent

Kumasi, Aug 2, GNA – The net asset value of Anidaso Mutual Fund shot up by 45.37 per cent to GH¢734,373 last year, the Board Chairman, Right Reverend Dr Daniel Yinkah Sarfo, has announced.

The previous year’s net asset value was GH¢505,176.

Rt. Rev. Dr Sarfo said by this, value per share improved to GH¢0.2096 by the close of the year, representing an end-year-change of 33.17 per cent, comparing favourably to both average returns on treasury securities, which ended the year at 12 per cent and that of the Ghana Stock Exchange at 32.25 per cent.

Rt. Rev Yinkah Sarfo was addressing the fifth annual general meeting of shareholders at the Ramseyer Presbyterian Church in Kumasi.

He said it was refreshing news that the Fund grew its investment income by seven per cent and attributed that to astute management decisions.

He told contributors that the year ahead looked promising, with macroeconomic stability propelling further improvement in industry performance.

Rt. Rev. Yinkah Sarfo, who is also the Anglican Bishop of Kumasi, invited all Ghanaians to position themselves well to benefit from the anticipated economic expansion following the commercial oil production.

One prudent way of doing this, he said, was to entrust their financial resources in the hands of experienced investment managers, who would put them where they could, to generate optimum returns over time.

The General Manager of New Generation Investment Services, the Fund Managers, Mr Robert Amo Cobbia, said they would continue to sustain the growth and maintain its rating as one of the best performers.

He invited all to put their money into the Fund and share in the great prospects ahead.