January 13, 2017/Investment One Funds Management
The ABACUS MONEY MARKET FUND was authorised and registered by the Securities and Exchange Commission (“SEC”) on 28th November 1990 as Abacus Unit Trust Scheme.
Investment One Funds Management Limited was later appointed by the Trustee and approved by the SEC in 2014 to act as ‘Fund Manager’ to ‘The Fund’
Key Features of Abacus Money Market Fund
- Minimum initial subscription into the fund is N1,000
- The pools of funds are invested in money market instrument such as: Bankers acceptances, Certificates of deposits, commercial papers, collaterized repurchase agreement.
- Regulated by Securities and Exchange Commission (SEC)
- Partial redemption of unit is allowed
- Offer price is N1.00 and remains constant
- Redemption request will be processed at T+3 business days
Benefits
- Capital preservation and competitive returns
- Easy subscription and redemption process
- Opportunity to capitalise earnings whilst guaranteeing your principal
- Offers opportunities for good returns compared to savings account while maintaining a low risk/conservative approach to the investment
Requirement for Subscription:
- Valid means of identification card (Driver’s license/National ID / International passport)
- 1 Passport photograph
- Valid utility bill (not more than 3 months old)
