FBN Heritage Fund to become FBN Balanced Fund, outlines benefits

FBNQuest Asset Management has proposed a change in the name of the ‘FBN Heritage Fund’ to ‘FBN Balanced Fund’ in ensuring a portfolio diversification strategy to investors.

The proposed change of name was approved by unitholders of the Fund at an Extraordinary General Meeting (EGM) of the Fund which held on June 20, 2019.

The investment strategy of the FBN Balanced Fund, which was established in 2008, is designed to provide investors with portfolio exposure to a mutual fund that invests across multiple asset classes.  The FBN Balanced Fund invests in a mixed portfolio of instruments such as Stocks of high quality Nigerian companies, long-term debt instruments of Nigerian federal and state governments, long-term debt instruments of Nigerian Corporates and high quality money market securities such as Treasury Bills, and Commercial Paper.

The Fund is designed to deliver measured gains, when compared to a high risk strategy comprising an all equity portfolio, but provide significant potential return, when stocks are bullish, when compared to a low risk strategy comprising an all money market portfolio.

Speaking about the changes made to the Fund, the Managing Director of FBNQuest Asset Management, Ike Onyia stated, “In 2008, there were 34 Funds, today we have almost 100. We thought it important to change the name of the Fund into one that is reflective of the investment strategy of the Fund, hence the change to FBN Balanced Fund”.

According to him, the underlying strategy remains the same, the asset allocation structure has been streamlined to enhance the distinct investment style of the Fund and enable investors situate how to best to benefit from this investment approach, within the context of their goals, risk profiles and expected portfolio returns.

The FBN Balanced Fund was launched in 2008 as a multi-asset mutual Fund, suitable for investors with an appetite for earning greater rewards over a long-term period. The focus of this Fund is to invest in equities, bonds, money market instruments, and other securities in the capital markets.

The Fund is featured on our easy to use, self-service application, FBN EDGE, which is available at either of the apple or google stores. Through the app, investors can begin the journey to fulfilling their financial goals and implementing their disciplined investment plans by investing a minimum of N50,000 in the FBN Balanced Fund.

FBNQuest Asset Management is a full service investment management company and is the asset management subsidiary of FBNQuest Merchant Bank. It is also a part of FBN Holdings Plc, a leading financial services group, offering a diverse range of financial services to a broad spectrum of clients.

FBNQuest Asset Management serves the needs of individuals, institutions and governments with a broad range of solutions based on its strong fundamental and quantitative research capabilities.