Monday, November 5, 2012

Mutual Monday: Investment Funds (Mutual funds & Unit Trusts) in Ghana.

Today is another Mutual Monday and welcome to my blog. In today’s post I would outline the various types of investment funds we have in Ghana and the fund managers of each. Mutual funds and Unit trusts are referred to as investment funds. Mutual Fund is an investment vehicle that is made up of a pool of funds collected from many investors for the purpose of investing in securities such as bonds, stocks, money instruments and similar assets. Each shareholder or unit holder participates proportionally in the gain or loss of the fund. In my next posts, I would go into details and explain how it is managed or priced.

In the Ghanaian economy, there are investment funds that are capital market or long term oriented and there are those that are money market or short term oriented. Others are balanced for both the capital and money markets. There are other specifications for some funds like that of ethical funds, who invests in ethical stocks (e.g. those that are not in alcohol or tobacco businesses). No matter what type of investor you are, there is bound to be a mutual fund that fits your style. Each mutual fund in the market has different risks and rewards and as we all know, the higher the risk the higher the rewards.
In the Ghanaian market, there are about two types of mutual funds, 1. Equity oriented funds (capital market (stocks), 2. Fixed income / Money market oriented funds (Bonds, t-bills etc).
Below are some investment funds in Ghana;

FUNDS / Time Horizon
MANAGERS
EPACK (Long term)
Databank Financial Services
Mfund (Short term)
Databank Financial Services
Bfund (Short to Long term)
Databank Financial Services
Ark fund (Long term)
Databank Financial Services
Ifund (Long term)
Ecobank Capital
Gold fund (long term)
Gold Coast Securities
SAS Fortune Fund  (long term)
Strategic African Securities
HFC Equity fund (Long term)

HFC Investments
SDC Campus Mutual fund ( medium to Long term)
SDC Brokerage Ltd
First BanC Heritage Fund (Long term)
First BanC
HFC REIT (Long term)
HFC Investments
HFC Unit Trust (Long term)
HFC Investments
First Banc First Fund (long term)
First BanC
NTHC Horizon fund  (long term)
NTHC

Next week, I would look at each of them into details and what they invest in. With time we would master investing in mutual funds.

Keep investing.

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