FUND FACTS

Fund Description

Kakawa Guaranteed Income Fund (KGIF) is a unit trust scheme, which gives investors access to a well diversified portfolio of equities and fixed income securities, affording subscribers a diversified hedge against inflation.

The Fund also enables investors pool their resources together and place them under professional management of Kakawa Asset Management Limited. Investors who hold /own units of the fund (which has a par value of N 1.00), buy at a prevailing offer price and sell at the bid price.

KGIF is a unique investment option that provides capital preservation and growth because it offers a minimum guaranteed return benchmarked against ‘the CBN’s Monetary Policy Rate (MPR), as well as pays additional yield from share of annual profit.

Benefits:

• Principal plus minimum return is guaranteed
• Competitive returns from economies of scale
• Income is distributed or reinvested at subscriber’s option, twice a year at the review periods (June 30th & December 31st respectively)
• At the end of the Fund’s Financial year, additional payment from the excess profit after the payment of the guaranteed rate is distributed to investors

Inception date

The Fund was founded in November 2005 as a privately managed fund, before offering to the general public in February 2007, by way of an Initial Public Offer of 1,000,000,000 units of N1.00 each at par.

Target markets

The target investors are individuals as well as institutional investors such as Retirement Benefit Schemes, Trust Companies, Insurance Companies, Fund/Asset Managers, Banks, Government Parastatals, Investment Clubs, Co-operatives and other associations.