Accra, June 24, GNA – The Galaxy Balanced Fund
under the Galaxy Capital Limited saw its assets increase from GH¢104,993.69 in
2016 to GH¢149,775.08 in 2017, representing a 42.65 percent increase.
This was disclosed by the Board Chairperson of
Galaxy Balanced Fund, Dr Suzy Aku Puplampu at the 2nd Annual General Meeting
held in Accra.
She said the Galaxy Balanced Fund performed
tremendously well in 2017 as a result of the various stocks listed on the Ghana
Stock Exchange which the managers carefully and strategically selected and
invested into.
“The Fund began the year with a price of
0.5408 and ended with a price of 0.7447, yielding an annual return of 37.7 per
cent at the close of the year 2017; one of the best performing balanced fund in
the industry ”she stated.
Dr Puplampu assured shareholders that the fund
would be strategically positioned to take advantage of the prospective
opportunities to yield the best returns in 2018.
She also disclosed that managers and directors
had outlined strategies to grow the fund in 2018.
These strategies, Dr Puplampu said, include
effective education on the Fund, and mobilization for the Fund.
She said digital transaction initiatives were
being setup for better, easy, and convenient distribution.
She appealed to shareholders to support the
growth of the Fund through referrals in order to increase the size of the
Fund’s portfolio.
The 2nd General Annual Meeting was also used
to re-elect the board of directors for the Fund.
Dr Suzy Aku Puplampu serves as the Chairperson
for the Board, whiles Reverend Patrick Otieku-Boadu and Mr Hubert Sevor are
both serving as Directors, and Ms Gladys Afarchoe was re-elected as the Board’s
Secretary.
Galaxy Capital Limited is one of the leading
asset management companies in Ghana.
The company was incorporated in 2014, and has
developed proven, tried and tested strategies of providing investment advisory
and asset management services to both individuals and institutions.
Reverend Samuel Bright-Kaitoo, a renowned
investment consultant, is the Chief Executive Officer of Galaxy Capital
Limited. The firm manages two mutual funds namely; Galaxy Money Market Fund and
Galaxy Balanced Fund.
GNA