By Kofi Ahovi
IC Securities Ltd, an emerging market investment banking, asset management, securities dealing, and private equity firm, has begun the initial public offer (IPO) of its capital growth fund.
The IPO, which started on January 27, this year, is expected to end on February 16, this year.
The capital growth fund is an un-incorporated open-ended unit trust governed by the laws of Ghana. The fund was however established in 2007.
The fund seeks long-term growth of capital via a diversified portfolio that invests primarily in the listed shares of companies that are selected for their long-term growth potential.
The fund, which is growth-oriented, provides instant diversification by adopting a bottom-up stock selection style - that is looking at the investment performance of individual stocks before considering the impact of general or industry trends.
The initial offer of the fund of no par value is perched at 10Gp per unit and the minimum subscription is GH¢10 (100 units) and thereafter in multiples of GH¢1. The fund expects to raise a minimum of GH¢100,000
The fund is suitable for investors with a higher-than-average risk and volatility tolerance, looking for long-term capital appreciation, a globally diversified portfolio and exposure to both stocks and bonds in a professional built and dynamically re-balanced portfolio.
The fund has a proven track record of superior returns, delivering an average of more that 60%, since its inception.
The fund targets investment across the world, it is however the aim of the fund to invest 60% in Africa, including Ghana.
IC Securities Ltd, an emerging market investment banking, asset management, securities dealing, and private equity firm, has begun the initial public offer (IPO) of its capital growth fund.
The IPO, which started on January 27, this year, is expected to end on February 16, this year.
The capital growth fund is an un-incorporated open-ended unit trust governed by the laws of Ghana. The fund was however established in 2007.
The fund seeks long-term growth of capital via a diversified portfolio that invests primarily in the listed shares of companies that are selected for their long-term growth potential.
The fund, which is growth-oriented, provides instant diversification by adopting a bottom-up stock selection style - that is looking at the investment performance of individual stocks before considering the impact of general or industry trends.
The initial offer of the fund of no par value is perched at 10Gp per unit and the minimum subscription is GH¢10 (100 units) and thereafter in multiples of GH¢1. The fund expects to raise a minimum of GH¢100,000
The fund is suitable for investors with a higher-than-average risk and volatility tolerance, looking for long-term capital appreciation, a globally diversified portfolio and exposure to both stocks and bonds in a professional built and dynamically re-balanced portfolio.
The fund has a proven track record of superior returns, delivering an average of more that 60%, since its inception.
The fund targets investment across the world, it is however the aim of the fund to invest 60% in Africa, including Ghana.
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