IC Securities’ Capital Growth Fund Massively Oversubscribed

The final results of IC Securities’ Capital Growth Fund have revealed a staggering 219.69 percent subscription rate. In all, 2,196,850 units of the fund were allotted to individual and institutional investors during the initial offer, with the majority of subscriptions coming from individual investors.

The fund, which has now commenced continuous trading, marks the first step in the introduction of fifteen funds earmarked for roll out in 2009 as IC Securities seeks to provide a wide choice of investment options to the Ghanaian market.

Unfazed by an adverse investment climate, which has pepped up interest in shorter-dated fixed-income instruments, the largely retail subscriber base demonstrated that there is never a bad time to make a good investment. Investors in the fund stand to benefit from features which are distinct and unique and set the Capital Growth Fund apart from others. The Fund combines strong investment experience with a robust fund administration technology platform which offers simplicity and accessibility to unitholders. For example The Fund’s unitholders enjoy online access to their respective accounts anywhere and in real time. Furthermore, the absence of any entry or exit charges is a compelling differentiator between the Capital Growth Fund and other funds.

The Capital Growth Fund is an unincorporated open-ended unit trust which seeks long-term growth of capital via a diversified portfolio that invests primarily in the listed shares of companies. The fund is targeted at individuals, institutions, welfare funds, social clubs, etc and provides instant diversification by adopting a bottom-up stock selection style.