How does The Stanbic IBTC Guaranteed Investment Fund work?
A. The primary objective of the Fund is long-term capital appreciation, which is achieved by investing at least 75% of the Fund’s assets in selected fixed income securities while retaining a maximum of 25% of its total assets in high quality securities quoted on The Nigerian Stock Exchange. When you subscribe to the Fund, you are issued with the applicable number of units at the prevailing offer price as is equivalent to the monetary amount of your subscription. The Fund is re-valued at the end of each business day. This means that the value of your units will change from day to day.
