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ARM Money Market Fund Listed on the Nigerian Stock Exchange
By Goddy Egene
ARM Investment Managers Limited, a leading asset management company and fund manager to the ARM Discovery Fund, ARM Aggressive Growth Fund and ARM Ethical Fund yesterday listed its Money Market Fund (ARM MMF) on the Nigerian Stock Exchange (NSE).
The ARM MMF, is an open-ended fund authorised and registered in Nigeria as a unit trust scheme under Section 160 of the Investment and Securities Act 2007. The fund has an Aa(f) rating from Agusto & Co.
The primary objective of the fund, according to the company is to provide a steady stream of income to investors by investing in high quality short term government securities and money market instruments.
The Managing Director of the company, Mr Fela Popoola was quoted saying “listing the fund raises its visibility. With its performance track record, improved distribution channels and access, discerning investors (local and foreign) will find it a very compelling and efficient investment vehicle.”
Popoola explained that in a bid to make the fund accessible to a wider audience, minimum investable amount is set at only N5,000.
“More interestingly, ARM has made investing easier by introducing convenient channels such as USSD codes, mobile money, online transfer, quick teller, direct debits etc. Access to your funds (redemption) is also a key priority for the fund manager and have assured a seamless process that should not exceed one working day from receipt of the executed redemption form,” he added.
ARM Investment Managers Limited provides global asset management services across a wide range of traditional and alternative investment options, including equities, fixed income securities managed in local and foreign currency. With over 20 years of investment management expertise, ARM Investment Managers offers investment opportunities to a substantial and diversified client base that includes corporations, high net-worth individuals, and small savers. The company consistently distinguishes itself through its superior research quality, asset management track record and value-adding financial advisory services.
Its business comprises retail investment services through mutual funds, wealth management which includes customisation of wealth solutions for its high net worth clients and institutional asset management service.
A stockbroker and immediate past Chairman of Association of Stockbroking Houses of Nigeria (ASHON), Mr. Emeka Madubuike had said that investing through unit trust schemes is option that investors who are looking forward to reducing their risks should consider.
He explained that retail investors are more likely to benefit from mutual funds because it gives investors the room to mitigate their losses to some extent.
