Afrivest West Africa is seeking investors for its new Dollar Fund.
“The fund is an open-ended mutual fund which invests in dollar-denominated fixed income securities of the Nigerian government and corporate issuers.The objective of the fund is to achieve income generation and capital appreciation in the short to medium term (1-3 years),” he wrote.
According to him, the fund was targeted at individual and institutional investors whether domiciled in Nigeria or overseas who desire exposure to dollar-denominated fixed income securities. In addition, investors with upcoming dollar obligations such as school fees, medical treatment, business and personal travel, training, etc, can use the fund as a store of value.
“For investors with dollars liquidity sitting in the bank accounts, the fund is designed to deliver significantly higher returns than what is presently obtainable from a commercial bank. Importantly, while the minimum amount required for access into the Eurobond market is $200,000, investors can now through the fund enjoy most of the benefits of a thriving international fixed income market with as little as $1000.’’
