Log In

United Capital crosses N1tr AUM, unveils fund to secure children's financial future

Published 15 hours ago2 minute read

United Capital Asset Management Limited (UCAML) has assured that the firm would continue to lead the market through innovation, expertise, and a strong track record of delivering value to investors, even as the firm officially unveiled its latest offering, the Children Investment Fund (CIF).

With over N1 trillion in total assets under management, including more than N500 billion in mutual funds, UCAML, a subsidiary of United Capital Plc and a key player in Nigeria’s asset management industry, said the launch of the product reflects the company’s commitment to supporting long-term financial planning for Nigerian families.

The firm explained that the Children Investment Fund is a naira-denominated, open-ended mutual fund specifically tailored to help parents and guardians plan for essential milestones in a child’s life, such as education, healthcare, and other future capital needs.

The fund provides a professionally managed and disciplined investment structure aimed at building lasting financial security for the next generation.

Managing Director/CEO of United Capital Asset Management, Dr. Odiri Oginni stressed the importance of early financial planning for children.

She also explained that the fund is designed to give every child a strong financial foundation, with the flexibility to grow steadily toward a range of future needs.

Oginni explained that the Children Investment Fund is a highly liquid, long-term investment vehicle suitable for children across all age groups.

According to her, the fund is designed to grow alongside the child, allowing investments to accumulate steadily over time.

“Unlike traditional child-focused funds that are often limited to educational purposes, this fund offers broader flexibility, catering to any future needs a parent or guardian may envision for their child. It is structured as a specialised solution that considers a wide range of potential financial goals.”

The Group CEO of United Capital Plc, Peter Ashade, noted that the Children Investment Fund aligns with the Group’s broader objectives of promoting financial inclusion, fostering intergenerational wealth, and driving sustainable economic impact.

He described the fund as a strategic step in nurturing financial literacy and planning from an early age, thereby contributing to a stronger and more resilient Nigerian economy.

Ashade disclosed that the introduction of CIF has enabled UCAML’s to expand its portfolio to 10 open-ended mutual funds, cementing its position as the second-largest mutual fund provider in Nigeria.

Origin:
publisher logo
The Guardian Nigeria News - Nigeria and World News
Loading...
Loading...
Loading...

You may also like...