The investment wing of First Atlantic Bank, First Atlantic Asset Management (FAAM), has launched its maiden fixed income fund aimed at helping Ghanaians maximize their short to medium-term funds while preserving their capital.
Targeted at investing in a broad range of high-quality money market and fixed income securities including Government of Ghana bonds, corporate bonds, and bank fixed deposits, the objective of the Fund is to provide maximum current income for investors while maintaining liquidity and preserving capital by investing in a diversified portfolio of money market and fixed income instruments.
FAAM, through the Fund, is seeking to raise a minimum of GHS 200,000 from the investing public during the initial public offering period from March 21, 2022, to April 11, 2022.
The minimum amount needed to invest in the Fund is GHS 50 and subsequent contributions of GHS 20 or more.
Speaking at the launch of the Fund, General Manager of FAAM, Prince Atsianu, advised the investing public to secure their financial future by investing in the Fund, assuring investors of the safety of their funds by indicating that 80% of the funds contributed will be invested in the government of Ghana securities.
Also speaking at the launch event was Director for the Fixed Income Fund, Reid Paige Wiles, who noted that the Fund is an ideal investment option for investors who wish to maximize their capital in the short to medium term.
According to him, the Income Fund is the right investment vehicle to create more wealth for investors, adding that the Fund positions investors to achieve financial independence.
The Fund is open to individuals, companies, societies, pension funds, churches, educational institutions, and provident funds.
With total assets worth GHS300 million under its management, First Atlantic Asset Management is one of the leading asset management firms in the country.