For consumers looking to earn extra income or diversify their earnings amid current naira fluctuations, are able to make the transition with the recently launched FSDH Dollar Fund.
The fund which is managed by FSDH Asset Management is an open-ended mutual fund that aims to invest in US dollar-denominated fixed-income securities issued by the Nigerian Sovereign and Corporate Entities and it is authorised by the Securities and Exchange Commission (SEC), in accordance with the provisions of Section 160 of the ISA.
READ ALSO: FSDH Holding holds first-ever AGM, group posts N5.8bn 2019 profit
Mutual funds are popular among investors because the burden of selecting the securities and monitoring the performance is placed on fund managers. Importantly, it is the most trusted way investors learn to not put their eggs in one basket because mutual funds typically invest in a range of companies and industries.
For the FDH Dollar Fund, Olumayowa Ogunwemimo, managing director of FSDH Asset Management said that it is “to provide customers with the opportunity to invest in dollar-denominated instruments, in order to achieve consistent cash flow and capital appreciation over the long term. Investors are able to enjoy significantly higher returns than what is obtainable from the average domiciliary account in local banks.
The minimum amount required to invest in the Fund is $1,000.
