NSE Lists ARM Investment Managers Limited Money market Fund
The Nigerian Stock Exchange has listed by introduction 13.3 million units of ARM Money Market Fund.
ARM which listed specifically 13,305,279,997 Units of its Money Market Fund at N1.00 each explained that The ARM Money Market Fund (MMF) is an open ended fund that provides financial help and a steady stream of income by investing in high quality, short term Money Market Instruments which include Bankers’ Acceptances, certificates of deposits, commercial papers, and collaterised repurchase agreements.
ARM also stated that the fund will engage in the investment of Government Securities such as Treasury bills.
ARM highlighted Capital appreciation as one of the benefits of the fund, adding that it was also easy and flexible as investorscould start from N5000 and continue with as low as N1000, while privileged to get Quarterly Dividend Payouts and receive better Competitive Returns than a Traditional Savings Account
Asset & Resource Management Company with five subsidiaries, namely; ARM Pension Managers,
ARM Securities Limited, ARM Real Estate, ARM Trustees Limited and ARM Life Plc is Nigeria’s largest independent non-bank financial institution with over 20 years of experience in asset management.
The ARM Group offers a variety of products to its retail clients including mutual funds, real estate, life insurance, pension administration and stockbroking services.
With headquarters in Lagos, Nigeria and offices across the country, the Group currently manages total assets of over N500 billion and serves over 500,000 clients worldwide.
ARM has an AA- rating by Agusto & Co, (the highest rating for an asset management firm in Nigeria) and was named the Best Fund Manager in Nigeria in 2013 by Capital Finance International.
