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AVA Global Asset Managers Limited (AVA GAM) has opened application list for subscription to a new mutual fund that seeks to pool funds for collective investments in low-risk money market instruments.

The AVA GAM Money Market Fund is offering N1 billion at N1 per unit. The launch of the initial offer followed approval by the Securities and Exchange Commission (SEC).

Managing Director, AVA Global Asset Managers Limited (AVA GAM), Mr. Efe Shaire, said the new fund aligned with AVA GAM’s commitment to drive financial inclusion, support economic growth, and offer Nigerians a reliable avenue for achieving their financial goals.

He said the new mutual fund would empower Nigerians with secure and accessible investment opportunities.

“The AVA GAM Money Market Fund is an open-ended fund designed to provide unit holders with a steady stream of income while preserving capital. Ideal for retail investors, high net worth individuals and institutional investors, the fund offers competitive returns, professional management, ease of subscription, and liquidity, making it a credible choice for both new and seasoned investors seeking financial stability.

https://thenationonlineng.net/ava-global-asset-managers-floats-new-n1b-mutual-fund/amp/