Coronation unveils new equity fund for Nigerian investors
Coronation Asset Management has introduced the Coronation Equity Fund, aiming to provide investors with access to the long-term growth of the Nigerian equities market. The fund is structured for those seeking professional management and a disciplined approach to wealth creation. Aigbovbioise Aig-Imoukhuede, Managing Director, emphasized the importance of patient, research-driven investing. The fund offers flexibility, allowing investments in both equities and select fixed-income instruments.
TLDR
- Coronation Asset Management launched the Coronation Equity Fund to offer exposure to Nigerian equities.
- The fund targets long-term investors, focusing on sustained wealth creation and disciplined investing.
- At least 70% of assets will be invested in listed Nigerian equities, with some allocation to fixed-income for liquidity.
- Minimum investment is ₦50,000, with additional subscriptions in ₦5,000 increments and a 180-day minimum holding period.
- Subscriptions are available via the Coronation Wealth App, Wealth Hub, or at Coronation Plaza in Lagos, with custody by Access Bank Plc and oversight from the Securities and Exchange Commission.
