Bora Capital Advisors has announced the launch of its two collective investment schemes, the Bora Fixed Income Unit Trust and Bora Balance Unit Trust to attract retail and institutional investors unto its portfolio.

This is aimed at servicing a growing client demand and also meet a regulatory directive from the Securities and Exchange Commission (SEC), that all clients with balances below GH¢100,000.00 should be invested through collective investment schemes.

In his welcome address, Board Chairman, Paul Baah-Sackey, said the products will give an opportunity for all forms of investors to sign into the scheme.

“These products will give everyone in Ghana an opportunity to benefit from an experienced team of well-trained investment professionals without the requirement of having to invest huge sums of money.

 We believe that every Ghanaian, no matter how low their income, can build significant wealth through consistent investments in schemes that are managed to consistently deliver optimum returns commensurate with the risk associated with that particular scheme” he hinted.

The Bora Fixed Income Unit Trust, is an open-ended Unit Trust that will primarily invest in a diversified portfolio of Fixed Income Securities. The Trust will have Fidelity Bank as the Trustee for the scheme. The Objective of the Trust is to preserve and enhance unit holders’ wealth to meet medium to long term financial goals, while creating liquidity to meet short term needs.

Bora Capital unveils investment schemes for retail investors

Bora Balanced Unit Trust will seek to grow unitholders’ wealth to meet medium to long term financial goals with diversified portfolio of fixed income and equity securities. Under normal market conditions, 55% of the Trust’s net assets shall be invested in fixed income securities and the residual 40% in equities with the remaining 5% in near cash to create liquidity. GT Bank are the Trustees of the Trust.

Speaking on behalf of the Director-General of SEC, Mr. Paul Ababio, Deputy Director-General, Finance, expressed the Commission’s commitment to enhanced supervision of the security industry and charged “market operators to keep their fiduciary role and professionalism”. He indicated that the number of collective investment schemes (mutual funds and unit trusts) in the industry had grown from 53 in 2017 to 80 as at June 2022, providing investors with a wide range of investment options.

 The assets under management of the CIS had also increased from GHC 2.17 billion in 2017 to GHC 7.8 billion at June 2022. He further advised members of the public to ensure that they are well-informed about investment opportunities before committing to them. He stated “SEC shall continue to promote an orderly growth and development of an efficient, fair, and transparent securities market in which investors and the integrity of the market are protected”.

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DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.