InvestCorp Treasury Securities Fund PLC increased its assets under management (AUM) to GH¢40.4 million in 2025.
After delivering a 36.58 per cent annual return, as falling interest rates and recovering government bond prices supported the performance of the fund.
The performance represented a significant improvement from the 15.14 per cent return recorded in 2024, while AUM rose from GH¢33 million to GH¢40.4 million during the year. The fund also met all redemption requests during the period, supported by its liquidity management.
The Board Chairman of InvestCorp, Dr Anthony Ebo Spio, attributed the performance to the recovery of the domestic government bond market following the Domestic Debt Exchange Programme (DDEP). “The government bond market is recovering, and this is allowing the fund to generate higher returns for our clients,” he said.
The fund had benefited from declining interest rates during 2025, which pushed up the market value of existing Treasury bonds and supported its overall returns. The improvement in inflation and relative stability of the cedi also contributed to stronger investor confidence in fixed income securities.
The fund also expanded its investment strategy during the year by making selective investments in offshore sovereign securities, including United States Treasury bills. The move followed approval from shareholders and the Securities and Exchange Commission (SEC) to allow investments in foreign instruments.
The strategy was intended to diversify the portfolio, reduce concentration in the domestic market and provide additional sources of returns. The fund manager said it would continue to balance capital preservation, liquidity and returns as market conditions evolved.
Expansion
InvestCorp was also expected to focus on expanding its retail customer base and improving access to its investment products in 2026. Dr Spio said the company planned to introduce a new mobile application that would allow customers to register and sign up directly.
“We are launching a new app that will make it easier for clients to register and access our investment products,” he said.
The company also planned marketing campaigns aimed at increasing awareness of InvestCorp among retail investors. Its Head of Sales and Distribution, Emmanuel Aidan, said the company had recognised the need to improve its visibility among individual investors.
Financial literacy
InvestCorp was also set to undertake financial literacy programmes at university campuses as part of its efforts to introduce young people to investment and personal finance.
The programmes were expected to provide students with information on savings, investments and the management of personal finances. “We are taking financial literacy to university campuses because we want students to understand investment and start making informed financial decisions,” he said.
For 2026, the fund was expected to maintain exposure to short and medium-term sovereign securities while selectively exploring opportunities in the domestic bond market. It was also expected to consider further investments in foreign currency-denominated instruments where appropriate, while complying with new regulatory requirements for collective investment schemes.