Bora Capital launches two collective investment schemes


Bora Capital Advisors has launched two collective investment schemes, the Bora Fixed Income Unit Trust and Bora Balance Unit Trust, at an event in Accra.

The schemes are targetted at Ghana’s retail and institutional markets to service a growing client demand and also meet a regulatory directive from the Securities and Exchange Commission (SEC) that all clients with balances below GH¢100,000 should be invested through collective investment schemes (CISs).

Speaking at the launch, Bora’s Board Chairman, Paul Baah-Sackey, said the products will give everyone in Ghana an opportunity to benefit from an experienced team of well-trained investment professionals without the requirement of having to invest huge sums of money.

“We believe that every Ghanaian, no matter how low their income, can build significant wealth through consistent investments in schemes that are managed to consistently deliver optimum returns commensurate with the risk associated with that particular scheme,” he stated.

In explaining the company’s phenomenal growth, Nana Sarfo, Chief Executive Officer (CEO) of Bora Advisors, said the fund manager has benefitted from the trust of its clientele, who have been impressed by Bora’s commitment to data-driven investments.

“At Bora, we put our clients’ interests first and deliver excellent, simple and effective solutions,” he explained.

Executive Director in charge of Retail and Wealth Management, William Mensah, explained that the Bora Fixed Income Unit Trust is an open-ended Unit Trust that will primarily invest in a diversified portfolio of fixed income securities.

He further stated that the Trust will have Fidelity Bank as the Trustee for the scheme, with the primary objective of preserving and enhancing unit holders’ wealth to meet medium to long-term financial goals, while creating liquidity to meet short-term needs.

Additionally, the Bora Balanced Unit Trust seeks to grow unit holders’ wealth to meet medium to long-term financial goals with a diversified portfolio of fixed income and equity securities. Under normal market conditions, 55 percent of the Trust’s net assets shall be invested in fixed income securities, and the residual 40 percent in equities, with the remaining in near cash to create liquidity. GT Bank is the Trustee of the Trust.

The key factors that make Bora Units Trusts different from the competition include the use of experienced and skilled fund managers; Bora’s low expense ratio ensures that the investor gains the most out of their investment – only 1.25 percent management fees and no frontload charges on both the Unit Trusts.

The offering will also offer transparency and consistent reporting, emphasising Bora’s tradition of and commitment to sending clients monthly statements in order for clients to know the status of their investments, as well as their commitment to publish asset breakdowns as reported by the respective Trustees quarterly on their website.

Speaking on behalf of the Director-General of Securities and Exchange Commission (SEC), Paul Ababio, Deputy Director-General, Finance, expressed the commission’s commitment to enhanced supervision of the security industry, and charged market operators to keep their fiduciary role and professionalism.

He indicated that the number of collective investment schemes – mutual funds and unit trusts – in the industry had grown from 53 in 2017 to 80 as of June 2022, providing investors with a wide range of investment options.

He further advised members of the public to ensure that they should be well-informed about investment opportunities before committing to them.

“The SEC shall continue to promote an orderly growth and development of an efficient, fair and transparent securities market in which investors and the integrity of the market are protected,” he said.

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