Nigeria-based integrated financial services group Norrenberger has launched the Norrenberger Turbo Fund, an innovative investment vehicle set to revolutionise how investors achieve their financial goals.
The Norrenberger Turbo Fund is an open-ended collective investment scheme registered by the Securities and Exchange Commission (SEC).
It is targeted toward investors with the capacity to stay invested for a long period, institutional investors including pension fund administrators, insurance companies, corporate entities, public sector agencies, and other asset managers who seek to diversify their portfolio holdings and earn attractive returns. Others who form part of the target list include retail investors with a bias for fixed-income investments.
Commenting on the launch, group managing director/CEO of Norrenberger, Tony Edeh said
“The Norrenberger Turbo Fund represents a significant milestone in our commitment to helping our clients achieve their financial objectives. Our team has dedicated considerable effort to creating a well-rounded investment solution that combines our extensive expertise with a responsible, forward-looking approach. Consistent with our promise, our goal continues to be the creation of sustainable and inclusive financial solutions for every household by 2025”.
The Norrenberger Turbo Fund is designed to provide a unique and well-balanced investment portfolio that promises growth, stability, and impressive returns. With a deep commitment to responsible investing, the fund is structured to adapt to changing market dynamics and aims to provide a sustainable source of financial prosperity for its investors.
The Fund Manager shall seek to attain this objective within an acceptable level of investment risk.
The fund seeks to provide investors with a low-risk investment and stable and competitive returns by investing in fixed-income securities and investment products while achieving income generation.
Some of the key features of the Norrenberger Turbo Fund include: free entry and exit for investors subject to the prevailing bid and offer price, a well-diversified portfolio, accessibility to both institutional and individual investors, thus making it an inclusive investment solution, flexibility of converting the investment in the fund into cash at any time and capital preservation & appreciation as fixed income mutual funds are generally less volatile than equity mutual funds, making them a good option for investors looking to preserve their capital.
Also speaking during an introduction brief, Pabina Yinkere, representing the Business Head, of Asset Management stated “The focus of the Norrenberberger Turbo Fund is to further deepen our reach with our customers and ensure that creating alternative and diversified solutions for various demographics remains a focal point of the business’’.
Investors interested in the Norrenberger Turbo Fund are expected to visit the Norrenberger website www.norrenberger.com. The fund is open for subscriptions from November 1st, 2023.
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