The Galaxy Balanced Fund under the Galaxy Capital Limited has seen its assets increase from GH¢104,993.69 in 2016 to GH¢149,775.08 in 2017 – representing a 42.65% increase.
Board Chairperson of Galaxy Balanced Fund Dr. Suzy Aku Puplampu disclosed this at the 2nd Annual General Meeting held in Accra last week.
According to Dr. Puplampu, the Galaxy Balanced Fund performed tremendously in 2017 as a result of the various stocks listed on the Ghana Stock Exchange.
“The Fund began the year with a price of 0.5408 and ended with a price of 0.7447, yielding an annual return of 37.7% at the close of the year 2017; one of the best performing balanced funds in the industry,” she stated.
Dr. Puplampu assured shareholders that the fund will be strategically positioned to take advantage of prospective opportunities to yield the best returns in 2018. These strategies, she added, include effective education on the Fund and mobilisation for the Fund.
She also mentioned that digital transaction initiatives are being set up for better, easier and more convenient distribution.
She therefore urged on shareholders to support growth of the Fund through referrals in order to increase the size of its portfolio.
The 2nd General Annual Meeting was also used to re-elect a Board of directors for the Fund, with Dr. Suzy Aku Puplampu serving as the Chairperson for the Board; Rev. Patrick Otieku-Boadu and Mr. Hubert Sevor both serving as Directors; and Ms. Gladys Afarchoe re-elected as the Board’s Secretary.
Galaxy Capital Limited, incorporated in 2014, is one of the leading asset management companies in Ghana. The firm manages two mutual funds; namely Galaxy Money Market Fund and Galaxy Balanced Fund.