RT Briscoe unveils money market fund

RT Briscoe Nigeria Plc has launched its first money market fund, following approval from the Securities and Exchange Commission.

The fund named ‘R.T. Briscoe Savings and Investment Fund’ was disclosed in a statement shared with The PUNCH on Sunday.

The fund, which broadens the range of investment opportunities for investors is managed by DLM Asset Management Limited with First City Monument Bank Limited serving as the custodian, while UTL Trust Management Services acts as the trustee, providing additional security and transparency.

The Group Managing Director of RT Briscoe Nigeria Plc, Seyi Onajide, expressed enthusiasm about the launch.

He noted, “We are thrilled to introduce the R.T. Briscoe Savings and Investment Fund, demonstrating our dedication to providing reliable and accessible investment opportunities that empower investors to achieve their financial goals.

“This launch underscores our commitment to innovation and growth, offering clients an opportunity to save to own a part of R.T. Briscoe Nigeria Plc. We believe this fund will not only enhance our investment portfolio but also reinforce our leadership across our diverse businesses, including automobile, industrial air compressor, material handling, industrial equipment, power, and real estate.

The Managing Director of DLM Asset Management, Ugonnaya Osi, noted, “With the expertise of DLM Asset Management Limited and the unwavering support of our trusted partners, we are confident that the RT Briscoe Fund will deliver significant value to our investors.

“As stewards of the RT Briscoe Fund, our commitment extends beyond mere management; we aim to maximise returns and foster sustained financial growth through meticulous oversight and strategic foresight. This dedication ensures that every investment decision is informed by a deep understanding of market dynamics and investor needs, reinforcing our pledge to deliver excellence in financial management.”

The fund allows a minimum subscription of 10 units at N1,000 per unit and offers the option to convert holdings into equity ownership in R.T. Briscoe Nigeria Plc.