Frequently Asked Questions (FAQs) on The Afrinvest Dollar Fund
What is 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.
What are the benefits of investing in the Fund?
- Capital appreciation
- Competitive returns
- Diversified portfolio; and
- Regular and steady income stream.
What is the issue price?
The issue price is $100 per unit.
How much can I invest in the Fund?
The minimum initial subscription is 10 units ($1000USD). Subsequently, you can invest in multiples of 1-unit equivalent to $100.
Who can invest in the Afrinvest Dollar Fund?
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.
What is the minimum holding period for the Fund?
The minimum period is 180 days. This means your investment needs to stay untouched within this period.
How are interests paid?
Interest will be paid twice a year.
How can I subscribe to the Fund, what do I need to have?
To subscribe, click any of the links below to get the subscription form. Email the completed form to [email protected]
I have Naira but I want to invest; how will that work?
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.
What will I receive as evidence of my investing in the Fund?
Certificates of Unit Holding will be sent by electronic mail to the email address provided on the attached Application Form.
What is the Fund Asset Allocation?
|Proposed Asset Class||Percentage (%)|
|Nigeria Sovereign Bond||0 – 80|
|Nigeria Non – Sovereign Bond (State, Corporate & Supranational Bond)||0 – 80|
|Cash||0 – 5|
What return should I expect from this investment?
The projected return is 6 to 7.5% per annum.
Is my investment safe?
Your investment is domiciled with a Custodian to ensure its safety.
Who will manage the Afrinvest Dollar Fund?
The Fund is managed by Afrinvest Asset Management Limited.
About the Fund Manager?
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.
I need more information. Who can I speak with?
For more details on the Afrinvest Dollar Fund, you can contact any of the Investment Advisers below or send an email to [email protected]
Lagos: Emmanuella: +234 806 342 8152
Abuja: Chris: +234 808 591 9106
Port Harcourt: Earnest: +234 818 693 4710
Onitsha: Emeka: +234 803 707 1720