Ghana

NIMED Capital Launches IPO For Lifetime Unit Trust

Abena Brigidi

NIMED Capital Limited, a fund management company licenced by the Securities and Exchange Commission (SEC) and the National Pensions Regulatory Authority with specialty in investment banking and fund management, has virtually launched its new unit trust – NIMED Lifetime Unit Trust.

The scheme focuses on investing in the fixed income market while on a regional level, 100% of the fund will be invested in securities within Ghana.

The NIMED Lifetime Unit Trust is an open ended unit trust with the aim of investing in investment grade fixed income securities that will provide investors with capital preservation, income and growth in the medium to long-term. This will enable investors to meet their objectives of retirement, education, buying a home and many others

CEO of NIMED Capital Limited, Abena Brigidi, stated, “The offer proposes to raise an initial subscription between March 3, 2021 and March 23, 2021. It also has a minimum subscription of GH¢300 and thereafter in multiples of GH¢50 for investors.

“As we expect to roll out our first unit trust over the next few weeks, we are targeting an AUM of GH¢10 million to GH¢20 million in the first two years as we advise clients to take hold of their future by investing in the fund. Our focus will be on the fixed income market to generate good returns for the fund.” she said.

The NIMED CEO has worked on putting NIMED Lifetime Unit Trust as a good investment vehicle for both retail and institutional clients. This move will deepen the competition in Ghana’s mutual fund industry.

NIMED Capital Limited currently has multiple business lines in the investment banking sector. It engages in the management of pension funds, institutional funds, private wealth and mutual funds.

It also has a corporate finance department that advises clients on raising funds.

She further added, “Though 2020 was a challenging year, this year has seen some degree of recovery from the negative effects of the pandemic.”

NIMED Capital is a wholly-owned Ghanaian company, licenced by the Security and Exchange Commission and the National Pensions Regulatory Authority to provide fund management and investment advisory services.

“If you are looking forward to investing in your child’s education, build a private home, purchase a vehicle, upkeep for your family, grow the surplus funds of your institution, then see NIMED Capital as a strategic partner in achieving these goals,” she added.

A Business Desk Report

Football news:

Mourinho on 1:3 with Manchester United: Tottenham didn't deserve this at all. Perhaps Pogba should have been removed
Tottenham have 1 win in their last 5 matches
Cavani's goal to Tottenham was cancelled out after VAR due to McTominay's go-ahead
Lingard scored 8 goals in the Premier League season, repeating his personal best
Antonio Conte: Inter have grown a lot in all aspects in two seasons
Vazquez will miss the rest of Real Madrid's season. He has a sprained cruciate ligament
Mesut Ozil: Real Madrid are the favourites for the La Liga title. Benzema - the best striker of the championship