The Coral Ethical Fund “CEF” is an open ended, equities-based unit trust scheme, which    was launched in June 2006. The Fund’s structure permits an exclusive investment of 100%in quoted equities, which have been screened to exclude companies whose principal business is deriving interest income, companies that are engaged in the production of alcoholic beverages and tobacco related products. The CEF does not invest in interest bearing securities.

The primary objective, therefore, of the CEF is to serve the financial requirements of investors who wish to avoid portfolio exposure to companies that are engaged in activities, which contradict or compromise their core ethical and religious values and simultaneously achieve a good rate of return on their investments, over the long-term.

Initial investors must invest an initial minimum sum of N50, 000.00. Additional minimum investments of N10, 000.00 can be made thereafter.

Our target investors are individual ethical investors and religious groups. In addition, Ethical investors based abroad as well as other foreign ethical funds can invest in the CEF.