Why is BGL launching a Mutual Fund now, considering the current economic climate?
The role of professional investment managers cannot be overemphasized in our capital market especially during an era of reforms and market instability. Mutual funds pool resources together and further diversify risk by investing in a variety of asset classes and securities and are therefore a less volatile investment option. With our Sapphire fund, we intend to take advantage of the tremendous growth witnessed in the bond market in recent years with new FGN bond issues and various sub-national issues providing decent yields to investors.
