First Banc attributes 5-year continuous run to prudent management of investor funds

First Banc Financial Services has attributed its 5-year continuous run as the best Mutual Fund Operator in the country to what it calls prudent investor fund management.

The Securities and Exchange Commission on an annual basis assesses the performance of the various investment schemes in the country as part of efforts to monitor compliance and as well, inform investors about the schemes.

The financial service company beat competition from more than 30 other top mutual fund companies to attain the feat.

Speaking with JOY BUSINESS, Managing Director Samuel Asiedu said cutting back of operational expenditure has been key to their success.

According to him one of its flagship mutual funds called The First Fund – a money market Mutual Fund “stands tall in the sense of the returns that the funds generate for the investors and again the fact that the cost is well managed.”

Cost efficiency he says has been the hallmark of the company and for that reason runs a very lean structure and also uses quite simple processes in its operations like the collection of funds and its management.

This Mr. Asiedu added gives the company the opportunity to avoid cost build-ups hence, increase yields for investors.

“These principles have made it possible for us to perform very well especially with this flagship product that every year, it tops all, and this fund, even though is not the oldest fund came on top of all the other funds” Mr. Asiedu noted.