Sam Aidoo
FIDELITY
SECURITIES Limited (FSL), the asset management subsidiary of Fidelity Bank
Ghana Limited, has launched two collective investment schemes – Fidelity
Balanced Trust and Fidelity Fixed Income Trust.
The introduction
of the two products will enable FSL reach a wider section of the investing
public and help more Ghanaians in their quest to financial freedom.
Also, these products
will target retail investors both local and non-resident Ghanaians,
associations and corporate institutions who seek to build wealth to address
future needs.
Sam Aidoo, Deputy
Managing Director in charge of Wholesale Banking of Fidelity Bank, stated,
“Over the years and consistent with the standards of the Fidelity Group,
Fidelity Securities has upheld high standards in corporate governance, risk
management and professionalism, helping clients achieve sustainable growth over
time.”
Sharing details of
the two products, Head of Fidelity Securities Limited, Akwasi Adu-Boahene, said
some of their benefits included: diversification across various asset classes
to minimize investor risk; access to professional fund management; flexibility
and ease of payment through Mobile Money, Fidelity Mobile App and Fidelity Bank
branches nationwide.
Akwasi further
disclosed that the initial minimum contribution for any of the two schemes is
GH¢100.00 with a minimum top up amount of GH¢10.00.
He however
recommended that investors kept their funds invested for longer in order to
maximize their gains.
Deputy
Director-General, Legal of the Securities and Exchange Commission (SEC),
Deborah Mawuse Agyemfra, in a remark said, “We want to encourage the
introduction of new products like what Fidelity Bank has done today. We want to
deepen the existing market and to provide more investment options for investors
and the general public. We also want licensed fund managers to think outside
the box and introduce new innovative products.”
The Fidelity Fixed
Income Trust is designed to offer investors a stable stream of income by
investing in fixed income securities of high credit quality. Through this
investment, investors will be able to build wealth steadily over time and have
the opportunity to do more with their income.
The Fidelity Balanced Trust on the other hand, offers a healthy balance between stability of income from the fixed income market and growth through capital appreciation from the equity market. This balance helps investors lower their risk while taking advantage of growth opportunities in the equity market.
A business desk report
