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FMDQ Securities Exchange Approves Listing of Emerging Africa Mutual Funds

Strategic Insights

— 2 min read

FMDQ Securities Exchange Limited has approved for listing the Emerging Africa Asset Management Limited Mutual Funds on its platform. The Mutual Funds offer a range of investment opportunities to corporate and individual investors, catering to their varying risk appetites and investment preferences. Speaking on the successful listing, the managing director of Emerging Africa Asset Management, Ms. Ada Ijara, highlighted the benefits of the four Mutual Funds, which include the Emerging Africa Money Market Fund, the Emerging Africa Bond Fund, the Emerging Africa Eurobond Fund, and the Emerging Africa Balanced Diversity Fund.

Key Takeaways:

  • The Emerging Africa Asset Management Limited Mutual Funds comprise of 1 billion units of N1.00 each Emerging Africa Money Market Fund, 1 billion units of N1.00 each Emerging Africa Bond Fund, 20,000 units of $100.00 each Emerging Africa Eurobond Fund, and 500 million units of N1.00 each Emerging Africa Balanced Diversity Fund.
  • The four Mutual Funds offer a range of investment opportunities, including quoted equity stocks, bonds, eurobonds, treasury bills, and other fixed income instruments.
  • The Emerging Africa Money Market Fund invests in liquid and low-risk assets, providing capital preservation and competitive returns, while the Emerging Africa Bond Fund is suited for moderately conservative investors and offers better returns with moderate risk.
  • The Emerging Africa Eurobond Fund provides a hedge against local currency volatility by investing in US Dollar denominated fixed income securities at competitive returns.
  • The Emerging Africa Balanced Diversity Fund offers a moderate exposure to equities and fixed income while advancing gender diversity with its focus on equities of companies with proven gender diversity at board and management levels.
  • The four Mutual Funds are duly registered by the Securities and Exchange Commission (SEC) and are available on the FMDQ Exchange's platform.
  • EAC Advisory Limited, the sponsor of the Mutual Funds, fully supported the listing process as Financial Advisers on the issuance and listing.
  • The listing of the four Mutual Funds provides great value to the investing public, catering to their varying risk appetites and investment preferences.

Statistics:

  • 1 billion units of N1.00 each of the Emerging Africa Money Market Fund have been listed on the FMDQ Exchange.
  • 1 billion units of N1.00 each of the Emerging Africa Bond Fund have been listed on the FMDQ Exchange.
  • 20,000 units of $100.00 each of the Emerging Africa Eurobond Fund have been listed on the FMDQ Exchange.
  • 500 million units of N1.00 each of the Emerging Africa Balanced Diversity Fund have been listed on the FMDQ Exchange.
  • The Emerging Africa Eurobond Fund provides a hedge against local currency volatility by investing in US Dollar denominated fixed income securities at competitive returns.

Sources:

  • FMDQ Securities Exchange Limited
  • Emerging Africa Asset Management Limited
  • EAC Advisory Limited
  • Securities and Exchange Commission (SEC)

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