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DLM Capital Group unveils 5,000,000 units of fixed income fund

Paul Omorogbe
ways to earn more money, Financial Resilience, Naira, banknotes

LEADING developmental investment institution, DLM Capital Group has unveiled its fixed income fund which aims to provide capital preservation and income generation. 

The Fund, called the DLM Fixed Income Fund, is classified as an Open-ended Unit Trust Scheme and will invest at least 70 per cent of its assets in high quality fixed income securities with a term to maturity not less than 365 days, while a maximum of 30 per cent will be invested in quality money market instruments. 

The Fund is constituted by a Trust Deed in favour of UTL Trust Management Services Limited as Trustee with 5,000,000 units being offered for subscription at its launch. The DLM Fixed Income Fund will be managed by DLM Asset Management Limited, the Asset Management unit of the DLM Capital Group. 

DLM Asset Management is licensed as a Portfolio/Fund Manager and Investment Advisor regulated by the Securities and Exchange Commission (SEC) on July 27, 2009.

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