AVA Global Asset Managers Limited has launched its Money Market Fund, approved by the Securities and Exchange Commission.

In a statement on Monday, the open-ended fund is designed to provide unit holders with a stream of income.

According to the statement, with an offer size of N1bn and a unit price of N1.00, the fund aims to help investors grow their wealth amid economic uncertainties.

“AVA Global Asset Managers Limited has launched its Money Market Fund, following approval from the Securities and Exchange Commission. The fund, with an offer size of N1 bn and a unit price of N1.00, was launched last week,” the statement read in part.

The Managing Director of AVA GAM, Efe Shaire, noted the importance of low-risk investment options during challenging economic times.

The Fund’s Chief Investment Officer, Mayowa Ikotun, explained its role in fostering financial resilience and contributing to Nigeria’s economic growth.

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