AVA Global Asset Managers Limited (AVA GAM) has launched its Money Market Fund, following approval from the Securities and Exchange Commission (SEC).
This milestone aligns with AVA GAM’s commitment to drive financial inclusion, support economic growth, and offer Nigerians a reliable avenue for achieving their financial goals.
The fund is open-ended and 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.
The fund, with an offer size of N1 billion and a unit price of N1.00, was launched last week.
Speaking during the launch, Mr Efe Shaire, the Managing Director of AVA GAM, discussed the fund’s potential impact saying “The AVA GAM Money Market Fund comes at a crucial time when Nigerians are seeking secure ways to safeguard and grow their wealth amid economic uncertainties.
“By offering a low-risk option with steady returns, AVA GAM aims to build trust and encourage more Nigerians to embrace the benefits of structured investing.”
Mr Mayowa Ikotun, the Chief Investment Officer at AVA GAM, highlighted the fund’s broader purpose: “Investing is about creating a financially resilient society. The AVA GAM Money Market Fund reflects our dedication to supporting our clients’ financial well-being while contributing to Nigeria’s economic development.”