First City Asset Management (FCAM) Limited has assured new and existing investors that its products continue to offer opportunities for diversification across asset classes, currencies and markets. Given the current increased volatility in financial markets in Nigeria, FCAM continues to emphasise both safety and relatively good returns, in its investment strategies. This, the company said, is in line with its mission to provide world-class wealth and investment management services to investors, while enhancing value to its stakeholders.
FCAM is a subsidiary of CSL Stockbrokers Limited, which is a member of FCMB Group plc. The investment management services of the company cut across mutual funds, discretionary portfolio management, education and other investment plans. FCAM also offers investment capabilities across all major asset classes for private clients, financial intermediaries and institutional investors around the world.
To demonstrate its commitment towards delivering the best in wealth and investment management services, the company has concluded plans to roll-out a bouquet of high-yielding investment products that have been designed to meet investors’ desire for good returns and safety of investments.
Olugboyega Balogun, managing director of CSL Stockbrokers Limited, says the introduction of these innovative products into the market is quite timely and could not have come at a better time, especially given the current economic reality.
“Existing investors as well as new ones are earnestly craving for viable solutions and channels to grow funds for a secure future and our value propositions are poised to address these challenges and provide sustainable results.
“We are determined to achieve our vision of becoming the premier asset management company of African origin. Therefore, we place emphasis on the quality and range of our products and services. Our investment solutions are centred on our clients,” according to Balogun.
FCAM, which commenced operations in 2000, is well-known for the quality of its wealth and investment management services, strong client relationship skills and focus on delivering consistent performance.
According to James Ilori, CEO of FCAM, this is anchored on the company’s belief that building and managing a portfolio requires a thorough investment decision-making process, and a broad array of investment choices that give investors access to global financial markets. The experience, proven track record of performance and expertise of the company’s personnel, aid the attainment of clients’ investment objectives.
It is on record that that the company’s naira-denominated flagship product, Legacy Equity Fund, helps investors spread investment risk across asset classes and stocks. The product has been specifically designed for individuals who want a broad exposure to equities listed on the Nigerian Stock Exchange. This allows unit holders to invest in a well diversified portfolio of shares on the stock exchange for as little as 10,000 units at the prevailling offer price. A unit was on offer at N1.14, as of March 11, 2015.
The Legacy Equity Fund is predominantly equities based, and gives investors exposure to the key sectors of the Nigerian economy, including agriculture, construction/real estate, consumer goods, financial services, industrial goods and oil and gas.
To help investors access investment products in financial markets outside Nigeria, FCAM offers the Legacy Absolute Return USD Bond Plan, which targets a minimum net annual return to the investor of 1.8 percent, on as little as $5,000. In addition, there is the Foreign Currency Equity Indices product, which gives investors the opportunity to access top-rated equities listed on stock exchanges in the United Kingdom and the United States. Also, there are products specifically targeted at ultra-high and high networth individuals.
“Whatever your investment requirements are, FCAM will work with you in meeting your return-relative-to-risk goals,” he says.
