FMDQ Exchange admits EAAML mutual funds on its platform

FMDQ Securities Exchange Limited, has approved the listing of Emerging Africa Asset Management Limited (EAAML’s) four mutual funds on its platform.

The Funds include one billion units of ₦1 each Emerging Africa Money Market Fund; one billion units of ₦1each Emerging Africa Bond Fund; 20,000 units of $100 each Emerging Africa Eurobond Fund; and the 500 million units of ₦1 each Emerging Africa Balanced Diversity Fund.

EAAML is a subsidiary of the Emerging Africa Group, which provides portfolio management services to individual and institutional investors globally.

Speaking on the successful listing of the Funds, the Managing Director, EAAML, Ms. Ada Ijara, said: “The Emerging Africa Group is pleased to announce the listing by Emerging Africa Asset Management Limited of its bouquet of four Mutual Funds on FMDQ Exchange’s platform to give the Funds the desired visibility and transparency provided by the platform.

“The four Mutual Funds, which are duly registered by the Securities and Exchange Commission (SEC), provide corporate and individual investors with opportunities to invest in a wide range of underlying assets such as 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 whilst providing capital preservation and competitive returns. The Emerging Africa Bond Fund is suited for moderately conservative investors and offers better returns with moderate risk.”

She also explained that “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 whilst advancing gender diversity with its focus on equities of companies with proven gender diversity at board and management levels.

“The four Mutual Funds offer great value to the investing public, catering to their varying risk appetites and investment preferences.

“We are grateful to FMDQ Exchange for providing benefits to the Funds listed on its platform, including but not limited to, global visibility through the dedicated ‘Funds’ page on the Exchange’s corporate website and price transparency to the funds through their inclusion in the FMDQ Daily Quotations List.”

EAC Advisory Limited, is the sponsor of the Mutual Funds and a Registration Member (Listings) of the Exchange.

Also commenting on the successful issuance, Managing Director/Group Chief Executive Officer, EAC Advisory, Mrs. Toyin Sanni, expressed great delight at the listing of the four Mutual Funds on the FMDQ’s platform.

The four Mutual Funds offer great value to the investing public, catering to their varying risk appetites and investment preferences.

Innovative products

She said: “EAC Advisory is pleased, as Financial Advisers on the issuance and listing of the four (4) Mutual Funds, to have supported Emerging Africa Asset Management Limited in the development and introduction to the market of such a comprehensive and innovative range of investment products.

“We thank the SEC for the support provided for initiatives like this which broaden alternatives for retail investors, whilst providing robust regulatory oversight for the protection of investors.

“We are excited to partner once again with FMDQ to introduce superior products to the Nigerian Capital Market. We laud FMDQ for providing an efficient listing process, governance oversight, transparent pricing mechanism, and access to a broad investor base.

“The Emerging Africa Group will continue to partner with innovative Issuers to present attractive investment opportunities from African markets.”

FMDQ Group is Africa’s first vertically integrated financial market infrastructure (FMI) group, strategically positioned to provide registration, listing, quotation and a host of other financial services.

FMDQ Exchange operates Africa’s premier Green Exchange – FMDQ Green Exchange – positioned to lead the transition towards a sustainable future.

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