By Chinwendu Obienyi
To address the challenges of decision making for investors in the financial market, the Board and Management of Cowry Treasurers Limited has restated its commitment to protecting investors’ funds.
This was even as the board unveiled a new mutual funds named; Cowry Equity Fund, Cowry Fixed Income Fund and Cowry Balanced Fund. The features of these funds include minimum of 50 units and multiples of 50 units thereafter while the minimum holding period for investing in these funds is 90 days.
Speaking at the launch of the funds, the Group Managing Director, Cowry Assets Management Limited, Johnson Chukwu, said the institution which started in 2006, has grown stronger and has become a financial supermarket.
While noting that the philosophy of the company stands on diligence, highest level of integrity, Chukwu revealed that the group will launch some dollar denominated funds soon.
“We are happy that we are launching these funds. We are building an institution that will impact greatly on the economic development of our dear country as well as helping investors. We stand as a protector of our clients’ funds and we will continue to protect the funds of investors”, he said.
Earlier in his opening remark, the Managing Director, Cowry Assets Treasurers Limited, Charles Sanni, said that despite the volatility and challenges bedeviling the global economy, the financial and investment space undoubtedly remains an integral part for growth and development.
According to Sanni, the desired well being of individuals, companies and nations is anchored on how well opportunities are identified and harnessed.
“The launch of these mutual funds is indeed the beginning of many products that we will be introducing to investors to cater for their diverse and changing needs. The funds have been approved by the Securities and Exchange Commission (SEC) and the parties to the funds are reputable and credible institutions.