Guaranty Trust Fund Managers Limited, the asset management subsidiary of Guaranty Trust Holding Company Plc, on Saturday, announced the launch of the Guaranty Trust Investment Fund 724 (“Fund 724”), an open-ended, naira-denominated unit trust scheme duly authorised and registered by the Securities and Exchange Commission, Nigeria (SEC).
The scheme lists 10,000,000 Units of ₦100.00 each in the fund by way of offer for subscription and aims to distribute the capital growth it generates from a diversified portfolio of money market instruments, including fixed deposits, commercial papers, Nigerian treasury bills, and other short-term instruments to subscribers of the scheme.
With a minimum subscription of ₦1,000.00 (one thousand naira only), Fund 724 offers every Nigerian an opportunity to earn more on their savings along with the flexibility of easy access and withdrawals. The scheme will track 91-day average Nigerian treasury bills’ yield of the preceding month.
“When most people think about asset management, they think of it as something that is reserved for a privileged few who already have significant financial resources. Guaranty Trust Fund Managers hopes to change this narrative with the launch of this retail product, Fund 724, that is designed to provide access to long term capital growth for the everyday Nigerian, who has as little as ₦1,000 to save.
“We understand that financial independence is built over time, and our goal is to provide a flexible and transparent platform for wealth creation. Fund 724 offers retail customers competitive returns and combines ease of subscription with the flexibility of withdrawals, making it a practical solution for individuals at every stage of their financial journey.”
As gathered, Guaranty Trust Investment Fund 724 will open for applications from September 30, 2024. Minimum subscription amount is ₦1,000.00, with additional units available in multiples of 10 lots. For more information on the Guaranty Trust Investment Fund 724, including the Offer Prospectus.
The scheme will track 91-day average Nigerian Treasury Bills’ yield of the preceding month.” The statement added that the Fund 724 opened for applications on September 30, 2024.
Please visit www.gtfundmanagers.com.
