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Fidelity Money Market Trust outdoored - Aims to meet investors recurrent needs

BY: Graphic Business
Akwasi Adu-Boahene (left), Head, Fidelity Securities Ltd., Solace Fiadjoe (2nd from left), Head, Financial Institutions Group, Rev. Daniel Ogbarmer Tetteh, (2nd from right), Director General of SEC, and Edward Opare-Donkor (right), Fidelity Securities Limited

Fidelity Security Limited (FSL), the asset management subsidiary of Fidelity Bank Ghana, has introduced the Fidelity Money Market Trust Fund to meet the short-term recurrent needs of investors.

These include school fees, rent and other pressing financial issues.

The Money Market Fund is ideal for individuals, institutions, pension fund managers, groups, registered associations, profit and non-for-profit organisations, as it provides the perfect avenue to grow wealth on the money market.

Speaking during the launch of the FSL’s latest offering, Edward Opare-Donkor, a Non-Executive Director of FSL, stated: “Fidelity Securities has over the years demonstrated its experience, professionalism and competence in managing the funds of investors to grow their wealth The launch of this innovative Fidelity Money Market Trust is also another great avenue to assist individuals and companies to meet their financial needs from the money market.”

The Head of Fidelity Securities Limited, Akwasi Adu-Boahene, outlined the various features and benefits of the Fidelity Money Market Fund.

He recommended the fund to anyone who wanted a sustainable income because it was less risky and customers were assured of dedicated fund management expertise to ensure the security of their investments.

“A key feature of the fund is that customers can invest and redeem their investments at any time with no entry or exit fees. We have also made available convenient channels for customers to top up their investments through mobile money, Fidelity Mobile App and Fidelity Agent Points nationwide,” he added.

Launching the Fidelity Money Market Trust, the Director General of the Securities and Exchange Commission (SEC), Rev. Daniel Ogbarmey Tetteh, urged Fidelity Securities Limited, all market operators and investors to see investment success as a shared responsibility.

“Fund Managers must ensure compliance with all governing rules while investors must make informed decisions by asking the right questions and seeking to understand product features before signing up,” he said.

He said the SEC remained committed to protecting investors and the integrity of the securities industry.

Company brief

Fidelity Securities Limited is licensed and regulated by the SEC and the National Pensions Regulatory Authority and is in good standing with both regulators and other stakeholders.

The FSL’s core objective is to empower its clients with financial freedom by undertaking well-researched investments on their behalf. Having successfully operated for 15 years and counting, FSL thoroughly understands the Ghanaian investment landscape and has a proven track record for building sustainable investment portfolios, which create financial stability over time.

The FSL manages institutional funds (pensions, provident funds and endowments, among others), collective investments schemes and individual wealth portfolios.

The company is committed to integrity, expertise and innovation to help its clients and communities grow to achieve their financial objectives.

This commitment is underpinned by exceptional corporate governance standards, risk management practices, knowledge of the market, professionalism, proactivity and above all a customer-centric culture.

Fidelity Securities was adjudged the Investment Fund Manager of the Year for the second consecutive time and the Pension Fund Manager of the Year at the 2019 Ghana Accountancy and Finance Awards.

Fidelity Money Market Trust Fund is an open-ended Unit Trust that will invest primarily in money market securities within Ghana.

The Money Market Trust has an objective of preserving unit holders’ value while enhancing unit holder’s liquidity to meet short-term recurrent needs.

The Fidelity Fixed Money Trust Fund requires an initial investment of GH¢100.00 with a minimum top up GH¢10.00 to invest.