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Farooq

About PACAM Money market Fund

PACAM Money Market Fund is an Open-ended Mutual Fund approved by the Securities and Exchange Commission (SEC). The Fund will invest in high quality short term Money Market securities such as Treasury Bills, Bank Placements, Commercial Papers, and other money market instruments.

Fund Objective

The fund seeks to ensure steady stream of income and capital preservation for investors with moderate risk appetite who value liquidity and security of assets. Investing in the fund will ensure attractive returns on investment through intelligent and professional investment decision making based on informed market analysis.
The Fund will invest in low risk short term money market securities such as Treasury bills, Bank placements, Commercial papers and promissory note.

Asset Allocation

Asset Class

Asset Allocation Range(%)

Target Weight(%)

Short Term Govt. Securities

25 – 75

30

Bank Placements

10 – 60

20

Other Money Market Instr.

15 – 65

50

FAQs

PAC Asset Management Limited is registered with the Securities and Exchange Commission (SEC). and is a subsidiary of PanAfrican Capital Plc, a registered capital market operator. It is a leading Investment Bank in Nigeria with offices across Africa. PAC Asset Management Limited is a licensed Funds/Portfolio Manager positioned to provide a wide range of innovative investment management services to individuals, private and public sector organizations.

Fund Manager

PAC Asset Management Ltd.
Trustees Mainstreet Bank Trustees & Asset Mgt.
Custodian UBA Global Markets
Registrar PAC Registrars Ltd

Minimum subscription is 1,000 units of N10.00 each and multiples of 100 units thereafter.

No. The return on the Fund is dependent on the Fixed Income trends and interest rates obtainable in the Nigerian Financial Market. As the Fund Manager has no influence over changes in interest rate, it is therefore impossible to guarantee any particular rate of return on the investment.

Attractive returns on investment; experienced and credible fund manager supported by tested Trustees and Custodians; Risk pooling and diversification; Open-ended Fund with affordable minimum subscription. 10096 income distribution; Investment grade credit rating by Agusto & Co Limited.

Yes, however, redemption of units before the 30-day lock-in period will attract a handling charge of 10x of the net positive returns on investment.

A unit holder can sell their investment at any time by filling the redemption notice and submitting same to the fund manager. Payment will be made within 5 working days by cheque or bank transfer to the unitholder in line with the Fund Trust Deed.

Everyone can invest in the PACAM Money Market Fund including institutional investors, individuals, cooperative societies, religious organizations and other social groups. Parents/Guardians can also invest in the name of their wards.

No. The PACAM Money Market Fund is an approved collective investment scheme exempted from WHT on dividends.

To Subscribe: Select and complete appropriate form from options below. Attach either a cheque issued in favour of PACAM Balanced Fund or  deposit slip with payment already made to UBA Nominees Ltd.-FBN Trustees/PACAM Balanced Fund at UBA Plc Account No. 1019045402.  Submit the cheque/deposit slip/transfer form to PAC Asset Management, 8A Elsie Femi Pearse, Off Adeola Odeku, Victoria Island, Lagos.