The FBN Money Market Fund
If you are seeking an alternative to a regular savings account for your short to medium-term investments, then the FBN MONEY MARKET FUND may be the most suitable fund for you. The fund aims to offer a high level of security coupled with a competitive yield.
The FBN Money Market Fund is an open ended mutual fund that invests in money market securities such as Treasury Bills, Commercial Papers, Bankers Acceptances and Certificate of Deposits issued by rated banks in Nigeria.
With a minimum and affordable starting investment of just N5,000, you can start investing in the FBN Money Market Fund. The Fund typically offers higher rates when compared to a standard bank savings account, and you can add more funds to your investment at any convenient time.
The FBN Money Market Fund seeks to maximise current income in line with prevailing Nigerian money market rates, while aiming to preserve capital consistent with such rates and maintain a high degree of liquidity by investing in a broadly diversified portfolio of short-term, high quality money market securities.
So don't just spend it, invest it! Start now by completing the form below, and an adviser will contact you.