STL Asset Management has introduced two new mutual funds, the STL Money Market Fund and the STL Balanced Fund, which are fully digitalized. These funds offer investors diverse investment options while leveraging digital technology for seamless transactions.
The STL Money Market Fund is designed as a low-risk investment vehicle, focusing on generating periodic income while safeguarding investment capital. It prioritizes high liquidity and includes a range of assets such as money market instruments, Nigerian Treasury Bills, bank placements, and other money market instruments.
On the other hand, the STL Balanced Fund caters to investors with long-term objectives, aiming to generate periodic income over the investment period while emphasizing optimal diversification. This fund comprises a mix of assets including equities, bonds, Nigerian Treasury Bills, and other money market instruments.
Speaking at the launch, Ahmed Banu, the Managing Director of STL Asset Management, highlighted the company’s mission to empower generations of investors in Nigeria and Sub-Saharan Africa by providing easy access to investment solutions in the digital age. He expressed ambition for STL Asset Management to become one of the top five asset management firms in Nigeria within the next few years.
Funmi Ekundayo, a Non-Executive Director of STL Asset Management Limited, emphasized the significance of the launch, stating that it marks a milestone in the company’s journey towards providing diversified investment options aligned with clients’ financial goals.
The introduction of STL Mutual Funds reflects the fusion of innovation and professional competence in pursuing financial prosperity. It offers a gateway to strategic wealth creation, wealth management, and wealth preservation for investors.
The launch of these mutual funds aligns with recent developments in Nigeria’s investment landscape, as the Securities and Exchange Commission revealed significant growth in discretionary and non-discretionary funds under custody. The value of Collective Investment Schemes (mutual funds) in the country stood at N2.14tn as of the end of the first quarter, showcasing the increasing interest in diversified investment options among investors.
