DLM Asset Management Limited, a subsidiary of DLM Capital Group, officially opened its DLM Money Market Fund, designed for capital preservation, liquidity, and competitive returns.
According to the firm, the fund has been approved by the Securities and Exchange Commission and is open to both individual and institutional investors.
The fund primarily invests in short-term debt instruments such as treasury bills, commercial papers, and other highly liquid assets, providing both safety and liquidity. It offers a minimum initial investment of just N10,000 and multiples of N5,000 thereafter. The fund is open-ended, guided by a trust deed, and carries no hidden charges.
Managing Director of DLM Asset Management, Ugonnaya Osi, commenting on the launch of the Money Market Fund, said, “We are excited to introduce the DLM Money Market Fund, which reflects our commitment to providing innovative financial solutions. With growing demand for secure investment options, the fund offers an excellent opportunity for those seeking to manage their short-term cash needs while earning better returns.”
Present at the signing ceremony, which took place at the DLM Headquarters in Lagos, were Chairman of DLM Asset Management Dr. Sonnie Ayere; GMD Babatunde Obaniyi; Trustee of STL Trustees Limited; Custodian of UBA Nominee Limited; Legal Counsel G. Elia; Rating Agency DataPro Limited; Registrar Africa Prudential Plc; and the Auditors, Deloitte & Touche Limited.
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