The Stanbic IBTC Bond fund is an open ended Unit Trust Scheme authorized and registered in Nigeria under Section 160 of the Investment & Securities Act no 29 2007. The primary objective of the fund is to achieve competitive returns on its asset with minimal risk as appreciation is its main focus. The fund will enable investors enjoy a high level of income or return which investment in bonds provides.
The fund aims to pool investors fund together to achieve returns consistent with its stated objectives by investing in a diversified portfolio of high quality bonds and other fixed income securities. The Fund will invest a minimum of 65% of its asset in high quality bonds including government bonds, corporate bonds, Eurobonds and other fixed income securities, while a maximum of 35% will be invested in quality money market instruments including Treasury Bills, Banker’s Acceptances, Commercial Papers, Promissory Notes, Call Money, Certificates of Deposit and Fixed Deposits with banks rated “A” and above in Nigeria.
Investors with a minimum amount of N100,000.00 can subscribe to the Fund. The fund also offers an opportunity for parents/ Guardian to subscribe to units of the fund on behalf of and in the name of minors like all the other Stanbic IBTC Mutual Funds. The Fund also enables foreign investors to subscribe and repatriate their redemption proceeds at the prevailing official foreign exchange rate.
In summary the fund offers investors Security, Liquidity, Competitive Yields, Flexibility and Diversification of their investment portfolio alongside the experience and track record of Stanbic IBTC Asset Management track record in the Nigerian financial market.
The Initial Public Offering of the Stanbic IBTC Bond Fund (download prospectus) of 10,000,000 units of N1.00 each at N100.00 per unit payable in full on Application opens on Monday, 16 November 2009 and closes on Wednesday, 23 December 2009.
Summary
Initial Price: N100 (Nominal Value)
Portfolio Allocation
Minimum 65% in Bonds
Maximum 35% Money Market
Minimum Investment: N100,000 and subsequent investment of N100,000.00
Subsequent investments can be made via Direct Debit
How to Invest in The Stanbic IBTC Bond Fund
Fill in a Subscription Form and issue a cheque or draft for the cost of Units applied for.
Please make the cheque / draft payable to Stanbic IBTC Bond Fund
Send the cheque/ bank draft and completed Subscription Form and other documents to any of our offices in Lagos, Abuja, or Port-Harcourt, or any branch of Stanbic IBTC Bank Plc.
We expect a slight upswing in the market by the end of this week — a reversal of the market trend in the last week of February.
Valuations continue to support long positions in the real and financial sectors and we thus expect a marginal climb in the ASI. However, given the level of political uncertainty in the country, we do not believe that institutional investors will come into the market with full force.Full Story.
