DLM Asset Management Limited, a subsidiary of DLM Capital Group, has launched a N1.5 billion new money market fund. The fund is targeted at investors seeking low-risk short-term investment options.
The fund, which has received approval from the Securities and Exchange Commission (SEC), is structured to invest in short-term debt instruments such as treasury bills, commercial papers, and other liquid assets. According to the company, the fund is open-ended and aims to offer capital preservation, liquidity, and regular income to investors.
With a minimum entry of N10,000 and top-ups allowed in multiples of N5,000, the fund is open to both individual and institutional investors. Investors are expected to receive income distributions quarterly and will have access to an online platform to monitor their investments.
