The Coral Income Fund “CIF” is an open ended, income-based
unit trust scheme, which was launched in June 2006. The Fund’s
structure permits a maximum investment of 30% in quoted
equities, while the balance is invested in high-quality
fixed-income securities. The primary objective, therefore, of
the CIF is to achieve capital preservation over the long-term.
The CIF was established to provide investors with an
investment outlet that provides stable but competitive returns
in excess of inflation.
This Fund enables investors to preserve
capital and achieve stable and consistent
income flow. This Fund is suitable for conservative
investors who typically seek to achieve capital preservation
and not capital growth.
Initial investors must invest an initial minimum of
N50, 000.00. Additional minimum investments
of N10, 000.00 can be made thereafter.
Redemption can be made after a five business days notice
has been given in writing to the Fund Manager, FAML
Our target investors for this Fund are individual investors
with low risk appetite such as retirees, pensioners and
institutional investors such as retirement benefit schemes,
insurance companies, co- operatives, endowment funds, fund
managers, banks, investment clubs and associations, etc. In
addition, Nigerian citizens based abroad as well as other
foreign individual & institutional investors can invest in
the CIF. |
- Superior returns on
Investment
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The CIF enables investors achieve superior returns
over the long term through economies of scale. |
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The CIF invests mainly in a
diversified pool of investment grade fixed income
securities with up to 30% exposure to equities and will consequently, enable investors to
preserve capital, achieve stable returns and consistent
income flows. |
- Liquidity of your
Investment
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The CIF is a liquid investment as unit holders can
redeem their investment within five business days. |
- Enhanced Efficiency of your
Investments
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The pooled nature of the CIF will significantly
reduce transaction costs to the individual investor
and lead to higher yields. |
- Diversification of your
Investment
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- The CIF is an alternative asset
to include in your total investment portfolio and can
serve as a benchmark for your other investments.
- The diversified nature of the CIF
also implies that as an investor in the CIF you are an
investor in several high quality companies at the same
time.
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- Professional Expertise of
the Manager
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You are relieved of the day-to-day
administrative burden of:
- making investment decisions
- collecting dividend warrants and share
certificates from the Registrars
- eliminating unauthorised sale of your shares
- reconciling your CSCS statement
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Investments in the CIF can also serve as
collateral for a facility from any
financial institution, subject to their internal credit
policy. |
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The CIF enables investors to establish and manage,
on an on-going basis, a savings plan that can serve as a
pension plan, asset replacement plan, health plan,
education plan etc. |
- Ability to exchange units
of the Funds managed by the Manager
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Unit holders in the CIF can exchange all or a portion
of their units in the fund for units of any other unit
trust scheme managed by the Fund Manager. This benefit
will enable investors adjust their investment portfolio
from time to time with their prevailing views and risk
preferences. | |
