Fidelity Securities launches collective investment schemes to woo more customers

GHANA – Fidelity Securities Limited (FSL), the asset management subsidiary of Fidelity Bank Ghana Limited, has launched two collective investment schemes; Fidelity Balanced Trust and Fidelity Fixed Income Trust.

The company said in a press release that the introduction of these two products would enable FSL reach a wider section of the investing public and aid others in their quest for financial freedom.

It said these products would target both local and foreign retail investors, associations and corporate institutions who seek to build wealth to address future needs.

“The Fidelity Fixed Income Trust is designed to offer investors a stable stream of income by investing in fixed income securities of high credit quality,” read the statement.

“Through this investment, investors would be able to build wealth steadily over time and have the opportunity to do more with their income.

According to the statement, the Fidelity Balanced Trust offers a healthy balance between stability of income from the fixed income market and growth through capital appreciation from the equity market.

FSL says that the balance offered by Fixed Balanced Trust would help investors lower their risk while taking advantage of growth opportunities in the equity market.

 “We believe the introduction of these two products would enable us broaden our scope and reach in supporting more Ghanaians to achieve their financial goals in a much efficient way,” said Mr Sam Aidoo, Deputy MD and head of Wholesale Banking at Fidelity Bank .

The advantages of the two products according to Mr Akwasi Adu-Boahene, Head of Fidelity Securities Limited, include; diversification across various asset classes to minimize investor risk; access to professional fund management; flexibility and ease of payment through mobile money, Fidelity Mobile App and Fidelity Bank branches nationwide.

Mr Adu Boahene said the initial minimum contribution for any of the two schemes is GH¢100.00 with a minimum top up amount of GH¢10.00.

He also noted that both investment products were open-ended and offered investors the opportunity to invest and redeem their funds whenever they needed to.

The event also served as the official launch ushering in the IPO period will be carried out during the first three weeks of October 2019.