The FMDQ admits Emerging Africa Asset Management Limited mutual funds on its platform


Saturday, February 12, 2022 / 10:50 a.m. / FMDQ / Header image credit: FMDQ

FMDQ Group PLC, through its wholly owned subsidiary, FMDQ Securities Exchange Limited, has approved the listing on its platform of one (1) billion units of N1.00 each Emerging Africa Money Market Fund, the one (1) billion units of N1.00 each Emerging Africa Bond Fund, the twenty (20) thousand units of $100.00 each Emerging Africa Eurobond Fund and the five one hundred (500) million units of N1.00 each Emerging Africa Balanced Diversity Fund, of Emerging Africa Asset Management Limited (“EAAML”). EAAML is a subsidiary of the Emerging Africa group, which provides portfolio management services to individual and institutional investors worldwide.

Speaking on the successful listing of the funds, the Managing Director of EAAML, Ms. Ada Ijara, said that “The Emerging Africa Group is pleased to announce the listing by Emerging Africa Asset Management Limited of its bouquet of four (4 ) mutual funds on the FMDQ Exchange platform to give the Funds the desired visibility and transparency offered by the platform.

The four (4) mutual funds, duly registered by the Securities and Exchange Commission, SEC, offer private investors and companies the opportunity to invest in a wide range of underlying assets such as publicly traded stocks , bonds, Eurobonds, treasury bills and other fixed income instruments. The Emerging Africa Money Market Fund invests in liquid, low-risk assets while providing capital preservation and competitive returns. The Emerging Africa Bond Fund is suitable for moderately conservative investors and offers better returns with moderate risk. The Emerging Africa Eurobond Fund provides hedging against local currency volatility by investing in US dollar denominated fixed income securities at competitive yields. The Emerging Africa Balanced Diversity Fund provides moderate exposure to equities and fixed income while advancing gender diversity by focusing on stocks of companies with proven gender diversity at board level. administration and management.

The four (4) mutual funds offer great value to the investing public, catering to their diverse risk appetites and investment preferences. We are grateful to FMDQ Exchange for providing benefits to the funds listed on its platform, including, but not limited to, global exposure via the dedicated “funds” page on the company’s website and transparency fund prices through their inclusion in the FMDQ Daily List of quotes”.

Also commenting on the success of the show, mutual fund sponsor and a Registrar (listings) member of the Exchange, EAC Advisory Limited, through its Managing Director/Group Chief Executive, Ms Toyin Sanni, expressed his great joy at the listing of the four (4) OPCs on the FMDQ platform. She also stated that “EAC Advisory is pleased, as financial advisors on the issuance and listing of the four (4) mutual funds, to have supported Emerging Africa Asset Management Limited in the development and listing on market for such a comprehensive and innovative range of investment products. We thank the SEC for supporting initiatives like this that expand alternatives for retail investors, while providing strong regulatory oversight to investor protection. We are delighted to partner again with the FMDQ to introduce superior products to the Nigerian Capital Market. We commend the FMDQ for providing an efficient listing process, governance oversight, a transparent pricing mechanism and access to a broad investor base The Emerging Africa Group will continue to partner with innovative issuers s to present attractive investment opportunities in African markets”.

FMDQ Group is the first vertically integrated financial market infrastructure (FMI) group in Africa, strategically positioned to provide registration, listing, rating and rating services; integrated trading, clearing and central counterparty, settlement and risk management for financial market transactions; securities depository, as well as data and information services, in the debt capital, foreign exchange, derivatives and equity markets, through its wholly owned subsidiaries – FMDQ Exchange, FMDQ Clear Limited, FMDQ Depository Limited and FMDQ Private Markets Limited.

As a sustainability-focused IMF Group, FMDQ Group, through FMDQ Exchange, operates Africa’s first green exchange – FMDQ Green Exchange – positioned to lead the transition to a sustainable future.

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