How is Stanbic IBTC Guaranteed Investment Fund different from other Funds managed by Stanbic IBTC?
A. The major differences between The Guaranteed Investment Fund and the existing funds managed by Stanbic IBTC (i.e The Stanbic IBTC Nigerian Equity Fund and The Stanbic IBTC Ethical Fund) are that the principal sum invested in The Stanbic IBTC Guaranteed Fund is guaranteed against diminution in value provided the Units are held for a minimum of three months. Also The Guaranteed Fund would have a minimum of 75% of its assets invested in selected fixed income securities while a maximum of 25% of such assets maybe invested in high quality securities quoted on The Nigerian Stock Exchange.
