All-Time Capital launches bond fund for investors

ALL-Time Capital, an investment advisory service, established three years ago, has launched a mutual bond fund targeted at corporate and individual investors who are conscious of the risks associated with investments in the country.

The fund, the All-Time Bond Fund (ABF), is a medium to long-term fund investment instrument that will invest mainly in government and corporate bonds as well as in stable but high yielding money market instruments.

It has Stanbic Bank as its custodians and will be regulated by the Security and Exchange Commission (SEC).

The Chief Executive Officer of All-Time Capital, Mr Peter A. Iliasu, said at the launch in Accra that the introduction of the ABF was part of the company's desire to bring well class investment banking services to its clients nationwide.

He said although All-Time Capital started as small company, about three years ago, its high caliber of service delivery had won it big clients in the industry within the short pace of time.

"Our staff know the market well, we have invested in state-the-art technology and that is reflecting in the service delivery," Mr Iliasu, formerly with the Export Development and Agricultural Fund (EDAIF), said.

The Manager of the ABF, Mr Aseye Akotia, explained at the launch that about 60 per cent of the fund's net assets would be invested in bonds and the remaining 40 in money market instruments.

Mr Akotia (left) and Mr Iliasu after the launch in Accra.

This categorisation, he said, is, however, not definite as prevailing circumstances can cause his outfit tot alter the amount of assets earmarked for each category.

Although there are promising returns on real estate sector, given the current yawning housing deficit, Mr Akotia said the fund will be investing a maximum of 10 per cent of its assets in that area due to the associated risks.

The initial public offer (IPO) of the fund is expected to run from July 31 to August 28 when individuals, fund managers and the investing public will have the opportunity to buy into it.

The IPO has five million shares and interested individuals and institutions can buy a minimum of GHC100 shares after which they qualify to buy in multiples of GHC50.

The expected average return on yields on the fund will be around 28 per cent, according to its Manager, and yields will can be redeemed without a fee charged.