DLM Capital Woos Investors With Attractive Fixed Income Fund

By Dipo Olowookere

One of the best ways to survive the present economic situation in Nigeria is having an investment that can guarantee capital preservation and steady income generation.

This may have been the reason DLM Capital Group, a leading developmental investment institution, introduced a fixed income fund that aims to help investors achieve these goals.

In a statement, the firm explained that the new fund, called the DLM Fixed Income Fund, is an open-ended unit trust scheme that will invest at least 70 per cent of its assets in high quality fixed income securities with a term to maturity not less than 365 days, while a maximum of 30 per cent will be invested in quality money market instruments.

It was further explained that the fund has 90 days minimum holding period with N500,000 as the minimum investment, a management fee of 1.50 per cent and a 0.75 per cent penalty on the accrued income for redeeming within the minimum holding period.

DLM Capital further said the fund is constituted by a Trust Deed in favour of UTL Trust Management Services Limited as a trustee with 5 million units being offered for subscription.

The DLM Fixed Income Fund will be managed by DLM Asset Management Limited, the asset management unit of the DLM Capital Group, the statement further stated.

DLM Asset Management is licensed as a portfolio/fund manager and investment advisor regulated by the Securities and Exchange Commission (SEC) on July 27, 2009.

The fund manager has demonstrated competence in managing clients’ investment needs with its range of products and services.

DLM Capital, since its inception, has concentrated on creating markets, products, and long-term financing solutions to key sectors of the Nigerian economy that would benefit end customers to improve their well-being.

The investment bank comprises subsidiaries in bespoke corporate finance advisory, trustee, asset management, and securities trading arms, to sovereign/sub-sovereign entities as well as private and non-private corporations.

The firm thrives on funding sectors of the Nigerian economy using innovative financing techniques, in particular, securitization and other structured finance techniques.