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United Capital Unveils N1bn Children Investment Fund

by Olushola Bello
1 month ago
in Business
United Capital Unveils N1bn Children Investment Fund
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United Capital Asset Management Limited has launched its N1 billion Children Investment Fund (CIF), aimed at increasing retail participation in the Nigerian capital markets while fostering early financial literacy among families.

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The Children Investment Fund, which is a naira-denominated, open-ended mutual fund has a minimum subscription of N5 million per subscriber through Initial Public Offer (IPO) of 5,000,000 units of N1.00 each.

The Fund is designed to provide Nigerian families with access to long-term investment opportunities tailored to key milestones in a child’s life such as education, healthcare, and future capital needs.

At the unveiling event held in Lagos, Group CEO of United Capital Plc, Peter Ashade, emphasised the Fund’s significance, saying “the Children Investment Fund represents our dedication to enhancing retail participation in the capital markets and promoting financial literacy, both essential for Nigeria’s objective of achieving a $1 trillion economy.”

He highlighted that this Fund is tailored to help families lay a strong foundation for long-term financial security, saying “we are committed to preparing the next generation to thrive and lead in today’s world that values early planning and strategic policies. It is a message to families that it is never too early to start planning; we want children to know that their futures can be financially secure from the very beginning.”

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MD/CEO of United Capital Asset Management, Odiri Oginni, shared valuable insights on the current educational expenses in Nigeria.

 

She stated, “according to Research, the cost for quality education today can range from N31.4 million for a public or federal school to as high as N65.5 million for private schooling. This significant financial obligation is a reality we all face as parents.”

 

She stressed the importance of tackling these challenges proactively to ensure that our children have access to the vital resources needed for a successful future.

 

Oginni noted that the Fund will be professionally managed, focusing on long-term capital growth and stable income through a varied mix of equities, fixed income, and money market instruments.

 

She further stated that the United Capital Children Investment Fund aims to achieve returns that surpass inflation, effectively preserving and enhancing purchasing power over time and thereby reinforcing the financial stability of future generations.


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