IFS Capital Mgt Launches 3 New Trust Schemes

By: Masahudu Ankiilu Kunateh
Email: [email protected]
 
IFS Capital Management Limited, a top investment banking asset management firm, licensed as an investment advisor and regulated by the Securities and Exchange Commission (SEC) has launched the initial public offer of three of its flagship trust schemes.

 
The three (3) carefully designed innovative products: My Wealth Unit Trust, Legacy Unit Trust and Richie Rich Unit Trust are customized to meet specific and diverse needs of would-be investors.

 
The Chief Executive Officer of IFS Capital Management Limited, Kojo Ohene-Kyei, noted in his inaugural speech that 'this is the company's contribution in helping people to build secure and hassle-free financial future'.

 
He stated that 'We live in a country that is so blessed with so much material and human resource. There is therefore so much wealth we can create individually and collectively in order to build financially strong individuals and nation by staying focused and disciplined.'

 
In conclusion, Mr. Ohene-Kyei stressed that 'wealth is created by foresight and not by chances', and urged the audience to study and sign onto the prospectus of the three schemes for themselves and their dependants, for according to the good book: 'A good man leaves an inheritance for his children's children'.

 
Head of Retail Business of the company and Fund Manager, Mrs. Gifty A.K. Badu Bondzie who introduced the trusts said the 'Legacy Unit Trust' is an unincorporated open-end unit trust governed by the laws of the Republic of Ghana and whose investment objective is to provide long-term growth of capital for clients. The fund is also targeted at adults (or donors) who aim at investing for their wards an inheritance package.

 
'The Richie Rich Unit Trust' is also an unincorporated open-ended unit trust similarly governed by the government of Ghana with an objective of providing a high and increasing level of income for children: pupils in Basic, Junior and Senior High Schools with a goal to encourage and inculcate an investment culture in students.

 
'My Wealth Unit Trust'; the third of the products is geared towards providing reasonable returns with low to moderate risk as well as long-term growth of capital and sustained income with low risk.

 
It is to provide income to unit holders by investing in both stocks which has long-term growth potential and fixed income securities of all maturities issued by government and corporations around the world.

 
The President of Chartered Institute of Marketing, Ghana (CIMG) and Board Member of the Nature Conservation and Research Centre (NCRC), Mrs. Shola Safo-Duodu officially launched the schemes with a call to investors, clients and patrons to take advantage of these flexible and accessible avenues created for investment by IFS Capital Management Limited.

 
The Director-General of Securities and Exchange Commission (SEC), Mr. Adu Anane expressed his delight at the growth of unit trust schemes since its inception in Ghana in the year 2000.

 
He stressed that Capital Market will soon be trading on the upcoming commodities market and is also promoting the establishment of real estate investment fund (REIT); and further proposed that government should consider, as a matter of priority, a Capital Market local content policy where the state-owned companies will list part of their shares on the Ghana Stock Market.

 
He additionally called on government to reduce or waive the stamp duty for listed companies; and that a municipal bonds market should also be set up to issue bonds to create awareness and to support in defraying debt; as well as explore the use of infrastructural bonds to defray cost on oil and gas.

 
The chairperson of the occasion, Mr. Erasmus Djarbeng, Board Member of IFS Capital Management Limited in his closing remarks said the schemes were a sure way to cover all levels of Ghanaians including all people of lower-middle-higher income earners.

 
Also present at the ceremony were representatives of the Trustees of the scheme, Merchant Bank Ghana Limited, who endorsed the funds as the way to go to creating financial wealth.

 
IFS Capital Management Limited was among the first batch of companies licensed to manage Pension Funds by the National Pensions Regulatory Authority (NPRA).

 
The company in 2011 was awarded the 'Best Growing New Investment Firm of the Year' with a Gold Award from the Ghana Investment Club.