The Stanbic IBTC Asset Management Limited, a member of Stanbic IBTC Holdings Plc, introduces into the market Stanbic IBTC Dollar Fund (SIDF) to provide retail and institutional investors the opportunity to optimise returns on investments.
The SIDF would provide retail and institutional investors the opportunity to seek exposure in the attractive dollar denominated securities to serve as a devaluation hedge while optimising returns on their investment.
The move, said the group, was designed to assist its clients in dealing with loss of wealth due the sustained pressure on the Naira.
Mrs. Bunmi Dayo-Olagunju, the chief executive of Stanbic IBTC Asset Management, said: “We believe that even in these volatile times, the fund will foster the diversification of portfolios and investments in currency terms which, in turn, would help in the preservation and appreciation of wealth for investors.
“This new fund makes a welcome addition to our focused range. We’re very delighted to launch the Stanbic IBTC Dollar Fund, and have every confidence that it will meet our investors’ expectations.”
