Guaranty Trust Fund Managers Limited
(“GTFML” or the “Fund Manager”), the asset management subsidiary of Guaranty Trust
Holding Company Plc, today 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.
Speaking on the launch of the Fund, Josephine Essien, Executive Director and Chief
Investment Officer of GTFM Limited, said: “We are very excited to bring a retail product
that empowers the every day Nigerian to compound the growth of their savings, whilst
retaining the flexibility of withdrawals to meet their everyday needs. 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.”
She also added, “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.”
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, please visit www.gtfundmanagers.com.
About GTFML
Guaranty Trust Fund Managers Limited is a leading asset management company, serving
private and institutional investors across a wide range of portfolios. Unit holders’ assets
are managed through multi-asset class portfolios and sound investment strategies
tailored to their goals.
For enquiries:
GTFML Customer Service
Phone: (0)201-4481201, (0)201-4481202
Email: infoteam@gtfundmanagers.com
