First Atlantic Income Fund
First Atlantic Income Fund (FAIF) is a short-term collective investment scheme that pools resources of a group of investors known as shareholders and manages it on their behalf.
The objective of the Fund is to provide maximum current income that is consistent with maintaining liquidity and preserving capital by investing in a diversified portfolio of money market and fixed income instruments
At FAIF provide maximum current income that is consistent with maintaining liquidity
First Atlantic Income Fund Prices (Updated):
Benefits
> Diversified portfolio: diversified investment portfolio helps to reduce risk of exposure to one company or security and also helps investors to access diversified portfolio of investments.
> Preservation of Principal: exposure to fixed income securities allows for principal amount invested to be secured with varying returns.
> Liquidity: easy access to investments at any time and at no cost to the investor. Redemptions of all or part of the investment can be made at any time. Payment is process with 48hrs of receipt of the redemption form.
> Expertise: Investors will benefit from FAAM’s professional fund management team
> Ease and Flexibility: A variety of channels available for top up such as: The FAB Mobile App, Mobile Money, USSD Code and all FAB branches nationwide.
Features
> Initial Contribution: GH¢ 50.00
> Minimum top-up amount : GH¢ 10.00
> Tenor: FAIF is an open-ended fund and investors can invest as well as redeem funds at any time. *We however recommend you keep your funds invested for longer to maximize your gains.
> Fees Structure:
Management Fee: 1.0%
Front Load/Entry Fee: None
Exit Fee : None
Frequently Asked Questions
Funds are mobilized from shareholders/investors into a large pool and invested on their behalf in purely money market instruments. The returns that are obtained from such investments are shared across board to all shareholders based on the amount invested.
An investor can invest on a daily, weekly or monthly basis or how often the investor wants to invest.
The fund intends to invest up to 90% of its assets in fixed income and money market instruments while keeping up to 10% in cash and cash equivalents to provide liquidity. The fund invests in Treasury and Bank of Ghana Bills, Notes, and Bonds, Corporate Bonds, Certificate of Deposit and other short-term instruments.
FAIF is targeted at investors looking for income and security over a short to medium-term period.
The fund is suitable for individuals, institutions, organizations, schools, clubs, associations, churches, endowment funds, pension funds and cooperative credit unions with surplus cash to invest at regular intervals or lump sum investments.
There is no guaranteed return on the Fund. However, the Fund seeks to outperform the benchmark of the 364 day Treasury Bill rate.
“Please refer to our current fact sheet for the performance of the fund. You can access the fact sheet on our website, You can also call on 0302200116 for assistance.”
There is always a relationship between risks and investments and FAIF is no different. Bearing this in mind, shareholders will bear an inherent risk associated with the fixed income market such as interest rate fluctuations, inflation etc but this will not affect your principal. FAIF is classified as a low-risk investment.
Yes. A contract note will be made available to you anytime you top up your investments. Additionally, quarterly statements as well as a performance report will also be made available to all shareholders annually.
- Via cash or cheque at the office of First Atlantic Asset Management, located at #3 Dr. Isert Street, North Ridge, Accra.
- Via Cash/Transfer or cheque into First Atlantic Income Fund Account at all FAB Branches or any GT Bank.
- Via Standing Order with your bankers and direct debits for monthly investments, direct funds transfer into the FAIF account.
YES. You will be required to complete a withdrawal form available at any of our FAB Branches. The forms can also be downloaded from www.faam.com.gh. and submission done in person or via email to clientservice@faam.com.gh.
- A valid ID Card (Voter ID, NHIS, Driving License, passport or National Identity Card)
- One passport size picture
- A completed FAIF application form. The application forms can be obtained on any working day from the offices of First Atlantic Asset Management at #3 Dr. Isert Street, North Ridge, Accra or any FAB Branch across the country. It can also be downloaded from faam.com.gh
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