Mansard introduces Money Market Fund
AXA Mansard Investment Limited has launched two new mutual funds, the AXA Mansard Money Market Fund and the AXA Mansard Equity Income Fund.
The company said it introduced the new products as part of its commitment to delivering superior value to investors.
Mr. Deji Tunde-Anjous, chief executive officers of AXA Mansard Investment explained that the funds were created to cater to the savings and investment needs of individual and corporate clients, and give investors a platform for achieving their short to long term financial goals.
He said AXA Mansard Money Market Fund is designed for investors with low risk appetite looking to maximise interest income in short-tenured securities.
The AXA Mansard Equity Income Fund is suitable for investors with higher risk appetite, seeking income and capital growth through a portfolio of attractively valued dividend paying stocks.
“The AXA Mansard Money Market Fund aims to achieve competitive returns for investors who require regular and capital protection, while the AXA Mansard Equity Income Fund helps investors maximise long-term income and capital appreciation by investing significantly in undervalued listed stocks that pay attractive and growing dividends.