The Managing Director of GLICO Capital, Anthony Boadu, has indicated that GLICO Fixed Income Fund will focus on high liquid assets in order to provide stability, security, and optimal returns for investors.
Speaking at the launch of the product in Accra, Mr. Boadu, noted that by prioritizing high liquid assets, the fund aims to enhance liquidity, reduce risk, and capitalize on market opportunities to generate favorable returns for its investors.
“Our commitment to anticipating and meeting the evolving needs of our investors is evident in our carefully designed open-ended contract fund, which emphasizes high liquid assets to ensure stability, security, and optimal returns,” he said.
GLICO Fixed Income Fund (GFIF) is an open-ended mutual fund which seeks to maximize cash returns for investors. The goal of the fund is to provide an option for pension funds, institutional investors and individuals who want a short-term, near-zero risk allocation within their investment portfolio.
Mr. Boadu assured that the team at GLICO Capital is committed to ensuring that the portfolio is well diversified to provide investors with the necessary liquidity and support when needed. He said thorough credit and risk assessments are conducted before making any investments to mitigate potential risks and ensure the safety of customers’ funds.
He stated that the minimum amount required to open and maintain an account in the GLICO Fixed Income Fund is GH₵ 50.00 and the minimum amount required to add to an existing investment account is GH₵ 25.00.
Mr. Boadu advised that although the mutual fund is open-ended, meaning investors can withdraw their funds at any time, it is important that investors hold their investment for at least six months to a year to maximize return.
The Deputy Director General – Legal at Securities and Exchange Commission (SEC), Deborah Mawusi Agyemfra in her remarks emphasised the importance of professional management, regulatory oversight, transparency, and investor education in driving the success of collective investment schemes and fostering a thriving investment environment in Ghana.
The SEC is actively promoting initiatives to make investments more accessible, encouraging retail and institutional investors to participate in the industry. She added that diversifying portfolios is essential to mitigate risks, and professional management plays a crucial role in the success of such investments.
Ms. Agyemfra indicated that her outfit advocates strongly for Financial Inclusion and acknowledges the transformative power of collective investment. These vehicles offer a diversified platform that empowers both retail and institutional investors to build wealth and financial security.
She further stated, “The Securities and Exchange Commission actively promotes initiatives that make investments accessible, thereby increasing support for products like unit trusts and mutual funds, encouraging retail and return investors to participate in the industry.”
She encouraged investors to read more about investment opportunities to make informed decisions. Transparency, regulatory oversight, and investor education are key factors in ensuring the success of collective investment schemes like mutual funds.
She emphasized the importance of professional management, regulatory oversight, transparency, and investor education in ensuring the success of collective investment schemes like mutual funds. She said that the involvement of regulatory bodies like the SEC ensures that the operations are transparent and compliant with regulations.