FREEDOM FUND UNIT TRUST
Name and Nature of the Fund
Freedom Fund Unit Trust aims at providing investors with maximum returns on their investment by outperforming its benchmark to provide an efficient vehicle for investors to diversify their portfolio into other asset classes.
This scheme aims to provide an increasing level of income with some prospect of capital appreciation. The scheme is designed for and publicly offered to investors seeking to obtain exposure to a well- diversified investment portfolio comprised primarily of high performing equities listed on the Ghana Stock Exchange (GSE) and other money market instruments.
Ashfield Investment Managers Limited (“Ashfield” or “AIM”)
Place of Business
16 Noi Fetreke Street, West Airport
2.50% of the Net Asset Value of the Unit Trust
0.50% of the Net Asset Value of the Unit Trust
Investment Policy and Strategy:
The Fund is targeted at the working-class Ghanaian resident locally and internationally. It is also open to offshore investors whose investment objectives align with the Fund’s strategy. The investment strategy of Freedom Fund Unit Trust is the preservation of capital and the enhancement of income through investment in well selected:
Management of the scheme is based on sound research analysis into sectors of the economy to ensure that the scheme invests in suitable securities. The scheme will attract investors who do not have the commitment, time, resources and expertise it takes to manage and monitor investments.
|Asset Class||Target Allocation||Range|
|Money Market: Corporate & Governmental Issues||≥ 70%||20%|
|Listed Equities or Unlisted Private Companies||≤ 30%||20%|
|2.||Redemption fee within 3 months of purchase||1.00% of total sale proceeds|
|3.||Redemption fee after 3 months of purchase||None|
Limitations on Redemption
A Unit holder cannot redeem units in an amount that will leave the holder with less than 20 units or a lesser number prescribed by AIM.
Income/Dividend Distribution Policy
The Trust shall distribute income to unit holders in proportion to their ownership stake as at the preceding accounting date. (Suspended)
Limitations on Investment
The Trust is subjected to certain investment limitations and portfolio diversification requirements. The Trust may not:
Acknowledgement of Risk
By investing in Freedom Fund Unit Trust, Investors recognize that equity securities involve certain risks and special consideration. The value of the Fund’s assets can be adversely affected by the fiscal and economic conditions such as Gross domestic product, Rate of Inflation, Capital reinvestment and Balance of payments position.
Other Parties to the Fund and their Addresses
Auditor: AssuranceHub Consult
Address: GPS: GA-157-6218
House No. 704/1462, Forest Avenue
George Bush Motorway
Trustee: Universal Merchant Bank (Ghana) Limited
Address: 57, Examination Loop North Ridge, Accra
P.O. Box GP 401 Accra, Ghana
Bank Accounts (Bankers): Universal Merchant Bank (Ghana) Limited
Address: 57, Examination Loop North Ridge, Accra. P.O. Box GP 401 Accra, Ghana
Ashfield Investment Managers (AIM) AIM is an integrated Asset Management firm offering innovative and expert-level investment management services to corporates, individual high-net-worth and retail clients, Sovereign and Government agencies, and Development Finance Institutions (DFI’s) across Africa
The Investment House
16 Noi Fetreke Street
Airport West, Accra
T: +233 553 051 313
E: [email protected]
A: P. O. Box 14001, Accra
© 2021 Ashfield Investment Managers. All rights reserved.