Market | Mutual Funds

CardinalStone Asset Management Launches Its Premier Mutual Fund

Feb 01, 2021   •   by   •   Source: Proshare   •   eye-icon 1191 views

Monday, February 01, 2021 / 12:00 / Cardinalstone / Header Image Credit: Cardinalstone


CardinalStoneAsset Management Limited launches its first-ever Mutual Fund, the"CardinalStone Fixed Income Alpha Fund", following approval by theSecurities & Exchange Commission (SEC). The Offer opens today, Monday,February 1, 2021.


ThePortfolio Manager, Ida Dublin-Green, is quoted as saying that the Fund willallow investors to have a diversified portfolio of quality assets that aremanaged by a team of experienced professionals. The Fund's objective is toprovide investors with steady return on capital, liquidity, and capitalpreservation. The Fund will offer a safe, reliable, suitable, and attractiveinvestment vehicle to retail, high-net-worth and institutional investors, andwelcomes participation from both resident and foreigners.


 In addition, Mohammed Garuba, Co-Founder/Directorat CardinalStone, also opined that the Fund Manager's expertise and capacity,together with the proposed investment mix and fund structure, will ensure thatwe deliver value to investors.


TheCardinalStone Fixed Income Alpha Fund is coming at a time when fixed-incomeyields are at all-time lows. It provides an opportunity for investors to seekcompetitive returns while preserving the value of their investment. With aninitial fund size of N1billion, theFund will be offering 1,000,000,000 units at N1each with a minimum subscription of 10,000 Units (N10,000). The Fund is open-ended so investors can continuously addnew subscriptions.


TheCardinalStone Fixed Income Alpha Fund is part of CardinalStone's commitment toexpanding into the retail market while strengthening its position as anexperienced investment manager, who will continuously offer investors a widearray of sound investment solutions.


For furtherenquiries, please send an email to [email protected].

Proshare Nigeria Pvt. Ltd.


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Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.


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