Ghana Commercial Bank (GCB) Capital Limited has officially entered the collective investment market with the launch of its first collective investment scheme, the Golden Eagle Unit Trust.
This move marks a strategic expansion of GCB Capital’s offerings, providing both individual and institutional investors with a wider range of opportunities focused on long-term wealth creation.
The Golden Eagle Unit Trust boasts a diversified portfolio of onshore and offshore assets, designed to balance risk and return. With a minimum investment of just GHS100, the product is accessible to a broad range of investors, offering an opportunity for steady investment growth.
Speaking at the launch, Kofi El-Awuku, Managing Director of GCB Capital Limited, emphasized the company’s commitment to innovation and providing more financial options for investors.
We do have investment solutions, but they cater to high-net-worth clients with a minimum of GHS 100,000. However, this doesn’t work for the majority of the investing public. The importance of this product, which is a retail investment vehicle, is that it allows everyone with a minimum of GHS 100 to join our collective investment schemes. We are aiming to bring investment opportunities directly to the doorstep of Ghanaians, and we are leveraging the goodwill of our parent company, GCB Bank," he stated.
The Golden Eagle Unit Trust will be valued daily, enabling the fund manager to provide regular performance updates and allow clients easy entry or exit. The initial public offer began on December 5, 2024, and will close on January 9, 2025.
Socrates Afram, Board Chairman of GCB Capital, highlighted the company’s commitment to transparency, which is crucial for investors.
As we launch this product, we are committed to transparency, which is vital for investors. Wherever they have invested their funds, they need to know what is going on. We are also dedicated to accountability and excellence in managing this Fund,” he said.
The Golden Eagle Unit Trust takes inspiration from the strength and prestige symbolized by GCB’s golden eagle emblem. The fund offers a mix of local and international investment opportunities. Domestic investments include government securities, corporate bonds, equities, and real estate investment trusts (REITs). On the international front, the portfolio includes sovereign bonds, corporate bonds, and equities.
Deborah Agyemfra, Deputy Director General of Legal at the Securities and Exchange Commission, spoke about investor protection and market development:
We have provided guidelines to ensure that investors are protected in this space. This product is also innovative and demonstrates the market development side of our role. As a regulator, our dual mandate is to protect investors while fostering market development,” she said.
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