Custodian asset management launches, signs off ₦20 billion money market fund
Bringing together auditors, trustees, bankers, rating agencies, and other strategic stakeholders, Custodian Asset Management Limited is pleased to announce the launch of Custodian Money Market Fund, an open-ended mutual fund designed to provide investors with convenience and a low-risk avenue to professionally managed high-quality money market instruments. Custodian Asset Management Limited…
Custodian Asset Management Limited (CAML), a subsidiary of Custodian Investment PLC, has officially launched its Money Market Fund with an offering of 20 billion units at ₦1.00 per unit, valued at ₦20 billion. The launch ceremony, held at the company's corporate office in Lagos, brought together key stakeholders, including auditors, trustees, bankers, registrars, solicitors, rating agencies, and other advisers, to sign the fund's governing documents.
The launch of the Custodian Money Market Fund marks a significant milestone in CAML's journey to provide investors with a low-risk, secure investment vehicle that combines capital preservation, liquidity, and competitive returns. The fund aims to cater to the growing demand for innovative, professionally managed investment solutions in an increasingly dynamic economic environment.
Brief written by urgent.news from Nairametrics's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
