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.
The blockchain brings new financing options to the business market. For example, Bitcoin Cash casino has adapted to only using cryptocurrency. This way, it makes it easier for their customers to deposit and withdraw in a BCH casino. Entrepreneurs have taken note of this and are looking to invest more in crypto than in fiat markets.
Like Our Facebook Page
Latest News on Business Post
- FG Launches System to Register Phones to Tackle Theft May 13, 2021
- Premier League Agrees £5bn TV Broadcast Deal Extension May 13, 2021
- Firm Unveils Insurance Cover for Tricycle Riders May 13, 2021
- Insecurity: Buhari Begs Nigerians for More Understanding May 13, 2021
- HP Extends Digital Partner Programme to Global Retailers May 13, 2021
- DMO, Investors Prepare for N150bn Bond Sale May 19 May 13, 2021
- Eid al-Fitr: Akande-Sadipe Tasks Muslims on Peace, Love May 13, 2021
- Companies Pay N392.8bn Income Tax to Government in Q1 2021 May 13, 2021
- Bitcoin Slides as Elon Musk’s Tesla Suspends Acceptance for Purchase May 13, 2021
- Brent Hits $69 Amidst Positive Economic, Demand Forecasts May 13, 2021
Economy5 years ago
Kwara Disburses N1.7b For Projects
Technology5 months ago
How To Link Your MTN, Airtel, Glo, 9mobile Lines to NIN
Feature/OPED1 year ago
Davos was Different this year
Economy3 years ago
FAAC: FG, States, LGs Share N655.18b in January
Economy2 months ago
MBA Forex Blames CBN for Inability to Return Investors’ Funds
Banking3 years ago
Sort Codes of GTBank Branches in Nigeria
General2 years ago
Ikeja Electric Explains How to Get Prepaid Metres via MAP
Feature/OPED2 months ago
COVID and the Growth of Technology in Nigeria