By Yakubu LAAH InvestAdvocate
Lagos (INVESTADVOCATE)-The Fund Managers Association of Nigeria (FMAN) will be meeting with Nigeria’s Securities and Exchange Commission (SEC) to discuss ways on the growth of the sector.
InvestAdvocate gathered that a breakfast meeting to be held at the Lagos office of SEC, all registered members of the FMAN are expected to attend in order to strengthen the relationship between registered fund managers and regulatory units of SEC as well as rub minds on issues militating against the growth of the sector cum economy.
The meeting is scheduled for Thursday February 27, 2014 from 8.30am will feature Dr Doyin Salami of the Lagos Business School (LBS) and Mrs. Liouse Eni-Umukoro, Director, collective investment schemes (CIS), of Nigeria’s SEC.
In July 2012, FMAN and SEC had met at a quarterly meeting to produce an all encompassing strategic plan as part of efforts to deepen the collective investment scheme (CIS) in Nigeria.
The strategy document was to project expected growth in assets under management over the next couple of years.
Also, it was to incorporate innovations into the market such as introduction of incentives to encourage retail investors back into the market through collective investment schemes, classification of schemes to cater for the investment appetite of the various classes of investors, review of minimum subscription levels for retail investors among others.
