L-R Director, PAC Asset Management Limited (PACAM), Sina Alimi; Managing Director, PAC Asset Management Limited (PACAM), Dele Ige; Chairman, PAC Asset Management Limited (PACAM), Chris Oshiafi; Company Secretary, PAC Asset Management Limited (PACAM), Oladiti Abiola and Director, PAC Asset Management Limited (PACAM), Eric Okoruwa at the Signing Ceremony of PAC Asset Management Limited (PACAM) Equity Fund and PAC Asset Management Limited (PACAM) Eurobond Fund.
PAC Asset Management Introduces Two New Funds To Serve the Market
Our Asset Management Subsidiary, PAC Asset Management Limited has introduced additional funds into the market, PACAM Equity Fund and PACAM Eurobond Fund, the two funds serve different concerns in the market. For instance, the Equity Fund will cater to the need for professional investment management for investors seeking stock market exposure whereas the Eurobond Fund provides an outlet for investors to hedge against Forex volatility and earn superior returns on their Forex stock. The funds will cater to both retail and large investors.
The new funds were unveiled at the Signing Ceremony of PAC Asset Management Limited (PACAM) in March 2019, which had the Registrars, Receiving Banks, Solicitors, Custodian and Board of Directors of PACAM present.
While commenting on the impact of PACAM on the financial market, the MD, PAC Asset Management, Dele Ige, expressed that PACAM has consistently provided different funds for the benefit of investors “Since 2012, when we got our license to do Funds and Portfolio Management from SEC, we had introduced 3 funds, namely; PACAM Balance Fund in 2015 and PACAM Money Market Fund alongside PACAM Fixed Income Fund in 2016. Our PACAM Balanced Fund, for example, from inception till date has returned about 50 percent to investors, so people who invested N1m at introduction now enjoy a net worth of N1.50m today, in a similar vein the fixed income fund has also returned about 25 percent to investors since its introduction.
The introduction of the new funds will take our number of funds to five in total” he added.
PAC Asset Management, a PanAfrican Capital Holdings Company, has used technology to drive awareness about its various financial markets’ products, participants and processes which is crucial for the development of any country’s economy and is essential especially for Nigeria’s emergence as a top 20 global economy by the year 2020.