IFS Capital Management Limited, a top investment banking asset management firm, has launched the Initial Public Offer (IPO) of three of its flagship trust schemes.
The three carefully designed innovative products: My Wealth Unit Trust, Legacy Unit Trust and Richie Rich Unit Trust, are customized to meet specific and diverse needs of would-be investors.
Licensed as an investment advisor and regulated by the Securities and Exchange Commission (SEC), Chief Executive Officer (CEO) of IFS Capital Management Limited, Kojo Ohene-Kyei, in an inaugural speech, noted that ?this is the company?s contribution in helping people to build secure and hassle-free financial future.?
We live in a country that is so blessed with so much material and human resource. There is therefore so much wealth we can create individually and collectively in order to build financially strong individuals and nation by staying focused and disciplined.?
Mr. Ohene-Kyei stressed that ?wealth is created by foresight and not by chances and urged the audience to study and sign onto the prospectus of the three schemes for themselves and their dependants for according to the good book a good man leaves an inheritance for his children?s children.?
Head of Retail Business of the company and Fund Manager, Gifty A.K. Badu Bondzie, who introduced the trusts, said the ?Legacy Unit Trust? is an unincorporated open-end unit trust governed by the laws of the Republic of Ghana, whose investment objective is to provide long-term growth of capital for clients.
The fund is also targeted at adults (or donors), who intend to invest in an inheritance package for their wards.
The Richie Rich Unit Trust? is also an unincorporated open-ended unit trust similarly governed by the government of Ghana with the objective of providing a high and increasing level of income for children, pupils in basic, junior and Senior High Schools (SHSs) with a goal to encourage and inculcate an investment culture in students.
My Wealth Unit Trust, the third of the products, is geared towards providing reasonable returns with low to moderate risk, as well as long-term growth of capital and sustained income with low risk. It is to provide income to unit holders by investing in both stocks, which have long-term growth potential and fixed income securities of all maturities issued by government and corporations around the world.
The President of Chartered Institute of Marketing, Ghana (CIMG) and Board Member of the Nature Conservation and Research Centre (NCRC), Shola Safo-Duodu, officially launched the schemes with a call on investors, clients and patrons to take advantage of the flexible and accessible avenues created for investment by IFS Capital Management Limited.
The Director-General of Securities and Exchange Commission (SEC), Adu Anane, expressed delight at the growth of unit trust schemes since its inception in Ghana in the year 2000.
He stressed that Capital Market would soon be trading on the upcoming commodities market and was also promoting the establishment of real estate investment fund (REIT).
He further proposed that government should consider, as a matter of priority, a Capital Market local content policy whereby the state-owned companies will list part of their shares on the Ghana Stock Market.
He additionally called on government to reduce or waive the stamp duty for listed companies, stressing that a municipal bonds market should also be set up to issue bonds to create awareness and support in defraying debt, as well as explore the use of infrastructural bonds to defray cost on oil and gas.
The chairperson for the occasion, Erasmus Djarbeng, Board Member of IFS Capital Management Limited, in his closing remarks, said the schemes would cover all Ghanaians, including lower-middle-higher income earners.
Present at the ceremony were representatives of the Trustees of the scheme, Merchant Bank Ghana Limited, who endorsed the funds to create financial wealth.
IFS Capital Management Limited was among the first batch of companies licensed to manage Pension Funds by the National Pensions Regulatory Authority (NPRA).
The company, in 2011, was awarded the ?Best Growing New Investment Firm of the Year? with a Gold Award from the Ghana Investment Club