AVA Global Asset Managers Limited has introduced its Money Market Fund, following approval from the Securities and Exchange Commission.

In a statement on Monday, the company announced the launch of the open-ended fund, designed to provide unit holders with a steady stream of income.

The fund, with an offer size of N1 billion and a unit price of N1.00, aims to help investors grow their wealth amid economic uncertainties.

“AVA Global Asset Managers Limited has launched its Money Market Fund, following approval from the Securities and Exchange Commission. The fund, with an offer size of N1 billion and a unit price of N1.00, was launched last week,” the statement read.

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Efe Shaire, Managing Director of AVA GAM, emphasized the importance of low-risk investment options during challenging economic times.

Mayowa Ikotun, the Fund’s Chief Investment Officer, highlighted its role in fostering financial resilience and contributing to Nigeria’s economic growth.