IFS Capital Management Limited, one of the fastest-growing investment companies in Ghana, has taken steps to exploit other areas, which allows customers to enhance their investments in the financial sector.
The IFS Capital Management Limited has, therefore, launched three new products, namely MyWealth Unit Trust, Legacy Unit Trust and Richie Rich Unit Trust, which management of the Company said, had unique and relatively advanced features compared to what already existed on the Ghanaian market.
Speaking at the launch in Accra on Monday, the Chief Executive Officer of IFS Capital Management Limited, Mr Kojo Ohene-Kyei, said the launch of the products were part of the institution’s effort at helping customers build secure and hassle free financial future.
Mrs. Gifty Bondzie, Fund Manager of the Trusts also explained the Trusts and indicated that Merchant Bank Ghana Limited, the trustee for the Trust Schemes will be responsible for the overall supervision of the operations of the Trusts.
Prospective investors, she revealed, could make subscriptions directly in person, or direct lodgments with receiving agents of the schemes such as Zenith Bank, Merchant Bank and MTN Mobile Money.
Explaining the funds, she said: “My Wealth Unit Trust” is designed to offer investors seeking a long term investment that will provide capital growth and sustained income.
According to her, the Trust has a flexible attractive investment plan that is targeted at individuals, corporate bodies, associations, pension and endowment trusts, provident funds, educational institutions, and investment clubs.
Touching on the “Legacy Unit Trust”, Mrs. Gifty Bondzie said the scheme is a balanced open-ended unit trust offered to adults, including parents, guardians or donors, who are seeking to invest for their wards as an inheritance package.
The fund will invest mainly in securities listed on the Ghana Stock Exchange for maximum returns and in fixed income securities to serve as protection against unexpected risk.
With the “Richie Rich Unit Trust”, Mrs. Gifty Bondzie described it as a long term money market open-ended unit trust that seeks to provide higher levels of income for kids. It is an investment fund with the goal of encouraging and inculcating an investment culture in kids. The Trust is targeted at all students especially in basic, junior and senior high schools.
All the fund shave a minimum initial subscription of just GH¢20 and GH¢10 as additional investment.
Each of the funds is Ghana Cedi based and seeks to raise a minimum of GH¢100,000 in the initial offer at GH¢0.10p per unit. The Initial Public offer commenced on June 3rd 2013 and ends on July 2nd 2013.
