It is the maiden mutual product of EcoCapital Fund Managers in which the Initial Public Offer (IPO) was outdoored for 21 days.
It started yesterday, July 30, to August 19, 2019, and within the 21 days, the company seeks to raise a minimum of GH₵500,000 by issuing one million shares at 50 pesewas each to the public.
Chief Executive Officer of EIML, Dela Agbo, speaking at the launch, indicated that as fund managers of this money market fund, its objective primarily is to maximise current income to the extent consistent with the preservation of capital and maintenance of liquidity by investing in high-quality money market instrument.
“The journey to our success started with very sound and solid liquidity strategies since the commencement of our operations. Even in the wake of present industry shakeup, where liquidity has become a major challenge, EcoCapital has continued to succeed by meeting client’s redemption needs and when requested,” he stated.
The discipline, he said, has improved the overall clients’ confidence and the satisfaction to keep doing business with us.
According to him, EcoCapital can boast of a team of highly qualified fund managers who are committed to their job, and the team has expertise in domestic and global fixed income instruments and equities.
Head, Financial Group at Guaranty (GT) Bank, the custodian of EcoCapital Prime Fund, Solace Fiadjo, said GTBank has availed its 34 branches nationwide, where prospective subscribers can walk into any of their branches, present details at the teller point and make payment.
EcoCapital Investment Management Limited was incorporated in Ghana as an investment and financial advisory firm.
The company was formed by a group of investment experts and young business executives who are committed to providing quality financial solutions and investment advisory services to both private and institutional investors in Ghana and Africa.
EcoCapital Investment Management Limited is a private limited liability company incorporated in July 2013 and licensed by Securities Exchange Commission of Ghana.
It is also licensed by the National Pensions Regulatory Authority as fund managers of second and third tiers pension schemes.