FBN Heritage Fund is an open-ended mutual fund. The fund is balanced in its asset allocation structure and will invest proceeds between the ranges of 50-65% in stocks; 15-25% in quality fixed income instruments (bonds); 5-10% in money market instruments and maximum of 5% in real estate investments. The fund would be the largest fund from initial launch in the history of the country. The expense ratio is therefore projected to be among the least.
Investment strategy The primary objective of the fund is to return through a combination of growth and income. Accordingly, the fund aims to achieve long term capital appreciation of its assets through investment in a portfolio mix of high quality equity securities quoted on the stock exchange and in other investments approved by the commission.
Asset allocation Structure The fund seeks to achieve its stated objective of long term capital appreciation of its assets by investing in the following instruments.
High quality quoted stocks on the NSE
Fixed income instruments
Money Market Instruments
Real estate investment and securities
Other securities specified under the trustees act as well as other securities approved by the fund manage in conjunction with the trustee and he commission
Asset Classes Equity 50-65%
Fixed income 15-25%
Money market 5- 10%
Real estate 0-5%
Incentives/benefits An investment in the fun provides the opportunity to spread investment risks over carefully selected securities
Guarantees good returns from holding securities for numerous issuers, which may not otherwise be available in significant quantities, to individual investors
Target investors The fund is primarily aimed at investors who have a long term investment perspective and it also welcomes participation from other foreign and non resident investors and the fund manager will assist non resident investors to facilitate the remittance of the net proceeds arising from a foreign currency investment in the fund a the point of divestment.
