STL Asset Management has introduced two new mutual fund offerings to the market, namely the STL Money Market Fund and the STL Balanced Fund, both of which are fully digitalised.
The STL Money Market Fund is designed as a low-risk investment vehicle aimed at generating periodic income while safeguarding investment capital throughout the investment period. It prioritises maintaining high liquidity and includes a diverse range of assets such as Money Market Instruments, Nigerian Treasury Bills, Bank Placements, Commercial Papers, Promissory Notes issued by the Federal Government of Nigeria, and Other Money Market Instruments, along with Cash.
On the other hand, the STL Balanced Fund is tailored for investors with long-term objectives, seeking to generate periodic income over the investment period while emphasising optimal diversification. This fund comprises a mix of assets including Equities, Bonds, Nigerian Treasury Bills, Bank Placements, Commercial Papers, Promissory Notes issued by the Federal Government of Nigeria, Other Money Market Instruments, and Cash.
Speaking at the launch, the Managing Director, STL Asset Management, Ahmed Olaitan Banu said: “STL Asset Management is an Asset Fund and portfolio business. Our intention is to cover Nigerian and Sub-Saharan Africa to ensure that we empower generations of investments to achieve optimal financial goals by providing easy access to investment solutions in this digital age.
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“We all know that the world is becoming very technology-focused and our objective is to infuse both money and technology. As a business, our mission is to be the foremost or most preferred investment management firm in Sub-Saharan Africa for its competence and client focus.
On her part, a Non-Executive Director of STL Asset Management Limited , Funmi Ekundayo, said: “Today marks a significant milestone in our journey at STL Asset management as we venture into a new vista of financial services with the unveiling of STL Mutual funds.
