15, GNA – Anidaso Mutual Fund, an investment scheme managed by the New
Generation Investment Services (NGIS) in Kumasi, posted an impressive
performance, last year, with its net asset hitting GH¢3,117,410.00 from the
2017 total of GH¢2,918,357.00.
an increase of 6.82 per cent.
Borbbey, Vice Chairman of the Fund’s Board, who made this known, said the
performance, translated into a net asset value per share, increased from GH¢0.7735
to GH¢0.8262, representing an annual yield of 6.81 per cent.
13th Annual General Meeting (AGM) of the Fund in Kumasi, he said the Fund’s
investment income also increased by 19.72 per cent from GH¢438,488.00, in 2017,
to GH¢524,974.00 in 2018.
said the Fund, remained one of the best performing collective investment
schemes in Ghana, amid the storm that had hit the financial market in recent
He appealed to
shareholders to continue to increase their stake in the fund by buying more
shares on regular basis and encouraging their friends and relatives to also
come and invest.
Asamoah, General Manager of NGIS, Managers of the Fund, said the government’s
commitment to strengthen institutions to ensure fiscal and financial stability
to further sustain and improve on macroeconomic gains made a positive and
brighter future for the fund.
The Fund was
firmly positioned to absorb any unanticipated shock that might emanate from unfavourable
movements in any macroeconomic factor.
net asset value of Money Market Fund Limited, another investment scheme which
was launched by NGIS in August, last year, stood at GH¢2,758,211.00 as at the
end of 2018.
Dwomoh Kessey, Board Chairman of the Fund, who announced this said the amount
translated into a net asset value per share of GHS¢.5112 from the initial offer
of GH¢0.50, and an annual yield of 2.74 per cent.
Speaking at the
maiden annual general meeting of the fund in Kumasi, he said NGIS Money Market
Fund had “a very good prospect” and urged shareholders to increase their
holdings by buying shares on regular basis.