Frequently Asked Questions (FAQs) on The Afrinvest Dollar Fund

 

The Afrinvest Dollar Fund is an open-ended mutual fund which will be invested in Dollar-denominated Securities registered in Nigeria and as may be determined by the Fund Manager.

 

The objective of the Fund is to achieve income generation and capital appreciation in the short to medium term for investors with dollars and designed to deliver significantly higher returns than what is obtainable from the average domiciliary account in the local banks. There is free entry and exit for investors subject to the prevailing Fund price.

 

  • Capital appreciation
  • Competitive returns
  • Diversified portfolio; and
  • Regular and steady income stream.

 

The issue price is $100 per unit.

 

The minimum initial subscription is 10 units ($1000USD). Subsequently, you can invest in multiples of 1-unit equivalent to $100.

 

The Fund is targeted at Individuals and institutional investors (both local and foreign), who desire exposure to Dollar denominated fixed income securities. Individuals with future dollar obligations like child tourism, vacation, education etc. can also invest.

 

The minimum period is 180 days. This means your investment needs to stay untouched within this period.

 

Interest will be paid twice a year.

 

To subscribe, click any of the links below to get the subscription form. Email the completed form to aaml@afrinvest.com

 

Afrinvest Dollar Fund is denominated in USD therefore all investors who wish to invest in the Fund will have to convert their funds to USD.

 

Certificates of Unit Holding will be sent by electronic mail to the email address provided on the attached Application Form.

 

Proposed Asset Class Percentage (%)
Nigeria Sovereign Bond 0 – 80
Nigeria Non – Sovereign Bond (State, Corporate & Supranational Bond) 0 – 80
Cash 0 – 5

 

The projected return is 6 to 7.5% per annum.

 

Your investment is domiciled with a Custodian to ensure its safety.

 

The Fund is managed by Afrinvest Asset Management Limited.

 

Afrinvest Asset Management Limited (“AAML”) is licensed by the Securities and Exchange Commission (SEC), Nigeria as a portfolio manager. AAML delivers world-class asset management services to a wide range of clients. AAML is the Fund Manager of three mutual funds listed on the NSE, the Nigerian International Debt Fund, Afrinvest Equity Fund and Afrinvest Plutus Fund.

 

For more details on the Afrinvest Dollar Fund, you can contact any of the Investment Advisers below or send an email to aaml@afrinvest.com

Lagos:  Florence: +234 706 288 4545

Abuja:  Chris: +234 808 591 9106

Port Harcourt:  Earnest: +234 818 693 4710

Onitsha:  Emeka: +234 803 707 1720