Guaranty Trust Fund Managers Limited (GTFML), the asset management arm of Guaranty Trust Holding Company Plc, has launched the Guaranty Trust Investment Fund 724, a naira-denominated, open-ended Unit Trust Scheme aimed at providing everyday Nigerians with access to long-term capital growth through diversified money market instruments.

The scheme, authorized and registered by the Securities and Exchange Commission (SEC) of Nigeria, offers 10 million units at ₦100 each, available for subscription with a minimum investment of ₦1,000. The fund will invest in fixed deposits, commercial papers, Nigerian Treasury Bills, and other short-term instruments, targeting competitive returns by tracking the 91-day average Nigerian Treasury Bills yield of the preceding month.

Josephine Essien, Executive Director and Chief Investment Officer of GTFML, expressed enthusiasm about making asset management accessible to everyday Nigerians. “Fund 724 is designed to empower individuals, allowing them to grow their savings with as little as ₦1,000 while enjoying the flexibility of withdrawals to meet their daily needs,” Essien said.

She further emphasized GTFML’s commitment to fostering financial independence. “We aim to provide a transparent and flexible platform for wealth creation. Fund 724 combines ease of access with competitive returns, making it an ideal solution for individuals at any stage of their financial journey.”

The Guaranty Trust Investment Fund 724 opens for applications on September 30, 2024, with additional units available in multiples of 10. Interested investors can find more details, including the Offer Prospectus, on the company’s website.