MCOTTLEY UNIT TRUST FUND
Name and Nature of the Fund
The McOttley Unit Trust (“Mctrust”) is an open-ended Unit Trust Fund that seeks to achieve growth in income and capital. The Fund also aims at providing liquidity and conserving principal.
The principal objective of the Trust is to generate long term growth by investing in a mix of capital market and 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 Fund
0.65% of the Net Asset Value of the Fund
Investment Policy and Strategy
The Trust is authorized to invest in equities trading on Ghana Stock Exchange and other regulated exchanges across the world, fixed income securities (including government bills, bonds and notes) as well as fixed deposits.
The Fund’s risk-adjusted performance benefits from combining multiple sources of investment insights within a disciplined risk management framework.
Permissible Investment /Asset Allocation
The Trust is permitted to invest in fixed income securities, collective investment schemes and equities.
The fixed income instruments include:
The equity securities component comprises:
|Asset Class||Target Allocation||Range|
|Money Market: Corporate & Governmental Issues||50%||20%|
|Listed Equities or Unlisted Private Companies||50%||20%|
Limitations on Redemption
A Unitholder cannot redeem units in an amount that will leave the holder with less than 200 units. However, a Unitholder is entitled to redeem all or, part of their holdings.
Income/Dividend Distribution Policy
The Trust shall not distribute any investment income either in the form of cash or units to registered Unit Holders. All investment income shall be reinvested in the Trust. Registered Unit Holders who wish to withdraw their earnings will have to either sell a part or, all of their Units held.
Front and Exit Load Fees
|·||Redemption fee within 1 year||2.50%|
|·||Redemption fee within 2 years||2.00%|
|·||Redemption fee within 3 years||1.00%|
|·||Redemption fee after 3 years||None|
Limitations on Investment
The Trust is subjected to certain investment limitations and portfolio diversification requirements. The Trust may not:
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
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