SFS Capital Nigeria, a member of the Skye Financial Services Group, has introduced a new fixed income fund called SFS Fixed Income Fund, a variant of mutual fund.
The fund is a collective investment scheme registered by the SEC and has a top rating of AA.
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The fund primarily focuses on investing in fixed income products such as federal government bonds and Central Bank of Nigeria treasury bills with AAA rating, and blue chip corporate bonds and commercial papers with a minimum of A rating.
The fund, according to the company’s prospectus, aims to offer the investors, a minimum return of 12% irrespective of the time of entry and exit, provided funds remain with the fund manager for at least one month.
The fund includes other parties such as: Skye Trustees, Skye Bank Plc, Securities Africa Financial Services and Stanbic IBTC Plc.
The company said: "It is the first investment product to utilize the NIBSS standing instruction platform, which enables both local and international investors participate in the investment process through standing instructions from any Nigerian bank with as low as N10,000 by completing a simple form."
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