Myrtle Asset launches 3 SEC-approved investment funds to expand wealth creation

By Editor

Myrtle Asset Management & Trust Limited has launched three Securities and Exchange Commission (SEC)-registered collective investment schemes aimed at providing Nigerian investors with broader opportunities for capital preservation, income generation and long-term wealth creation.

The new offerings—MyNest Money Market Fund, Myrtle Balanced Plus Fund, and Myrtle Dollar Shield Fund—target retail, corporate and institutional investors with varying investment objectives and risk appetites.

The launch comes at a time when investors are increasingly seeking diversified investment vehicles to hedge against inflation, preserve capital and earn competitive returns amid changing market conditions.

According to the company, the three funds are structured to provide exposure to different asset classes ranging from money market instruments and fixed-income securities to equities and dollar-denominated Eurobonds.

The MyNest Money Market Fund is an open-ended mutual fund designed for investors seeking low-risk investments that preserve capital while generating steady income.

The fund will invest primarily in high-quality money market instruments issued by the Federal Government of Nigeria as well as highly rated financial and corporate institutions.

The minimum subscription is 5,000 units at ₦1 per unit, equivalent to an initial investment of ₦5,000, with additional investments in multiples of ₦1,000.

While the fund seeks stable returns, Myrtle Asset noted that investments remain subject to interest rate, credit and liquidity risks.

For investors with a higher risk appetite, the Myrtle Balanced Plus Fund combines equities, fixed-income securities and money market instruments in a diversified portfolio designed to deliver both capital appreciation and regular income.

The open-ended fund has an initial size of ₦1 billion, comprising one billion units priced at ₦1 each.

Investors can participate with a minimum subscription of ₦50,000, with additional investments in multiples of ₦5,000.

The company said the diversified strategy is intended to balance growth opportunities from equities with the relative stability of fixed-income investments, although returns remain subject to market, interest rate and liquidity risks.

Recognising growing demand for foreign currency-denominated investments, Myrtle Asset also introduced the Myrtle Dollar Shield Fund, a USD-denominated mutual fund focused on income generation.

The fund will invest in Federal Government of Nigeria Eurobonds, Nigerian corporate Eurobonds and other qualifying money market instruments.

The fund has an initial size of $500,000, with 500,000 units available at $100 per unit.

The minimum investment is 10 units, representing an entry amount of $1,000.

According to the company, the fund is designed to provide investors with exposure to foreign currency assets while diversifying investment portfolios beyond naira-denominated instruments.

Myrtle Asset said the launch reflects its commitment to providing professionally managed investment solutions tailored to the evolving needs of Nigerian investors.

The company noted that all three funds have received SEC registration and will be managed in accordance with applicable regulatory requirements.

The Myrtle Balanced Plus Fund will have Apel Capital and Trust Limited as trustee and UBA Investor Services as custodian.

Prospectuses for all three funds are available through Myrtle Asset Management & Trust Limited and its authorised distribution channels.

The firm advised prospective investors to carefully study the offer documents and seek independent professional advice where necessary before making investment decisions.

The launch adds to the growing range of regulated collective investment schemes available in Nigeria’s capital market as fund managers respond to increasing investor demand for professionally managed, diversified investment products capable of delivering returns across different economic cycles.