Ideal Capital Partners launches Sika Fund

Business News of Wednesday, 15 March 2017

Source: GNA


Emmanuel Tachie BankMr Emmanuel N.A Tackie, the Managing Director of ICPL

The Ideal Capital Partners Limited (ICPL), a subsidiary of the IDEAL Group, on Thursday launched a collective investment scheme to pool funds from a wide range of investors.

Dubbed ‘the Ideal Sika Fund’, the intention is to provide regular income while preserving capital and maintaining liquidity at all times by investing in a diversified portfolio of high quality fixed income securities and other money market instruments.

Delivering his speech at the launch, Mr Emmanuel N.A Tackie, the Managing Director of ICPL, said the fund would be well managed to provide investors with maximum returns.

“Our aim is to provide enabling environment by providing a professional wealth management services for wealth creation, through the provision of such an all-inclusive investment vehicle like Ideal Sika Fund,” he said.

The fund would initially to offer a minimum of one million (1,000,000) shares to the public at GH¢0.20 per share to enable it raise GH¢200,000.00.

The Initial Public Offer for the sale of Ideal Sika Fund began from March 9 to March 29 during which investors can purchase a minimum of 250 shares at GH¢50.00 and thereafter in multiples of 50 shares at GH¢10.00.

The Fund is opened to individuals, corporate institutions, associations, investment clubs, religious organisations, educational institutions, provident funds, pension funds and other mutual funds that were interested in high regular income to meet short-to-medium term financial needs, among others.

In a keynote address, Mr Alexander Williams, the Acting Director-General of the Securities and Exchange Commission, said the scheme particulars of the mutual fund had been thoroughly examined to ensure its accuracy in compliance with Unit Trusts and Mutual Funds Regulations, 2001.

Mr Williams asserted that the ICPL is coming into a competitive market and therefore called for dedication, dexterity, determination and diligence.

The Acting Director-General appealed to the fund managers to be prudent in managing the funds from the investing public and urged potential investors to seek independent investment advice to enable them make an informed decision.

Dr Nii Kotei Dzani, the President of Groupe, said Groupe Ideal would continue to champion excellence and innovation by actively engaging stakeholders and team to roll out dynamic products.

“In addition to developing excellent products, we will strengthen our partnerships, sponsorships and customer experience which is key focus this year,” he said.

Dr Dzani said customers through the SIKA Fund would enjoy an all high interest rate with less expense.