Republic Investments launches product to help build wealth
Republic Investments (Ghana) Limited has launched a fixed income fund to boost investments of customers by helping individuals or organisations to build wealth.
Known as the Republic Wealth Trust, a collective investment scheme (CIS), it is designed for individuals including adults, students, children/dependents, groups, institutions, CISs, and pensions fund managers with investments mainly skewed towards fixed income securities.
A release issued in Accra at the weekend said: “In addition to the Money Market Fund- Republic Unit Trust; the Equity Fund – Republic Equity Trust; the Balanced Fund – Republic Future Plan Trust and the only licensed and operating Real Estate Investment Trust – Republic REIT; The Republic Wealth Trust, being a fixed income fund, therefore, marks the expansion of the product suite of Republic Investments.”
It said the fund aimed to provide a medium to long-term fixed income investment portfolio for investors. It also aims to provide returns in the form of income by investing in fixed deposits, corporate bonds, local and municipal bonds, Government of Ghana securities as well as liquid funds, with the Ghana Cedi as the base currency.
“Following a successful launch of the Republic Wealth Trust, the Initial Public Offer (IPO) has commenced, with the offer period valid from March 22, 2022 to April 11, 2022.
“The initial price is 0.50p per unit, and a minimum initial investment of 100 units or GH¢50.00 is required to participate in the IPO.
It said subsequent to the expiration of the offer period, however, a regular investment plan using mobile money, bank transfers, standing orders, or visit to any Republic Bank branch, is available for all who intend to purchase on a regular basis, adding that “Any additional investments into the fund after the offer period will attract no initial charge.”
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Providing alternatives
The Chief Executive Officer of Republic Investments (Ghana) Limited, Mrs Madeline Nettey, said Republic Investments prides itself as the premier institution to introduce a CIS in Ghana over three decades ago, and the introduction of the ‘Republic Wealth Trust’, provided alternatives for the ever increasing clientele base whose needs kept evolving.
“As the economic indicators continue to point to the levels they are now, and outlook thereon, it enforces the need to ensure that we plan through investments to sustain our purchasing power by building wealth using vehicles such as the Republic Wealth Trust,” she said, stressing that, “the new product is an additional buffer for retirement planning, projects, supporting educational needs of children/ dependents and to create another source of income aimed at building wealth for the future.”
Mrs Nettey assured the market of the reliability of the Republic Wealth Trust, saying: “The investment of the assets of the fund is most critical, therefore, regulatory compliance and risk management form a core of our investment management strategy. Our robust and detailed counterparty and portfolio selection models have been designed to ensure that decisions on where and how to invest the assets lead to the safety of your investments”.
One-stop shop
The Managing Director of Republic Bank (Ghana) Plc., Farid Antar, said Republic Investments, a one-stop shop for all investment needs, was committed to pursueing excellence and innovation in the market by introducing this new product which had come at the opportune time to support especially those in the informal sector to build long-term wealth and structured retirement plan.
He, therefore, urged all customers, corporate institutions and the general public to subscribe to the new product to safeguard their future.
Commendation
The Director-General of the Securities and Exchange Commission (SEC), Rev. Daniel Ogbarmey Tetteh, commended Republic Investments for promoting and safeguarding investment in the country for the many years of its existence, affirming the company as the first to introduce a CIS.
He expressed optimism that the features of the ‘Republic Wealth Trust’ would provide the niche to secure the future prospects of people through investments.
Rev. Ogbarmey said: “We create the future we want by developing a disciplined culture of savings and investments”.
