NewStats: 3,263,663 , 8,180,932 topics. Date: Saturday, 07 June 2025 at 07:14 AM 4m4v38

megawealth01:


Tony is definitely upto something believe me

Seems he dey target that Forbes list wella

No bi only Tony o. all of them wey never enter dey target the list even some folks here dey target am.

vefexam:


I usually recieve that...

As Hogwarthtrades said and i quote, "BE mindful to check the quality of the mutual fund to avoid duplication. It will seem counterintuitive if buying a mutual fund that has same stock as what you have in your stock portfolio and or your fixed income basket (Treasury bill , FGN savings, Bonds, etc)"

I tot i could know (from norrenberger July Dollar fund stats) which kind of Corporate Eurobonds 25.77%, Sovereign Eurobonds 48.97% etc makes up that percentage allocation to avoid duplication.

The funds factsheet is always reported in that format from all fund managers.

Please note, when it comes to mutual funds the returns is combination of all the returns of the underlying assets. Mode of operations, payment of returns from mutual funds and individual stocks or bonds differs.

For example a balance fund that has stocks, money market instruments or even real estate cannot be having same returns as in buying an individual stock or bonds, again, the returns are not paid the same time, Mutual funds have a particular time of returns payment, if for example you have GTCO as a stock, and the mutual funds you are invested in has GTCO plus other assets, you would have receive an interim dividend from GTCO but the fund where GTCO is an underlying assets will still pay dividend say by December or anytime specified for dividend payment.
The truth is that most of the assets that you judge to be good enough to invest in is the same assets that fund managers go for with little or no difference depending on the overall objectives and nature of the particular fund.

ice234:


I am still looking for a stockbroker that can deal on the OTC market. Stanbic has been with my mandate for 2 weeks. However, I am seeing trades going on.
I don't like Morgan

Come onboard with Investment One stockbrokers.
Click the 3rd link on my signature to start.
After completing the form, Kindly send a mail to customer care indicatiing that the registration is for NASD because the requirements and the form for both NGX and NASD are the same, hence you need to indicate because the system takes NGX as the default registration if no indication.

vefexam:


Is it possible to get the break down of a mutual funds underlying instruments ie what kind of Treasury bills, deposit funds etc?

By the time you and invest, you become a customer of the fund manager and as a customer, the funds factsheet will be sent to you at the end of every month, in that document you will see the percentages of the different underlying assets that make up the fund.

olig:
Please, is it possible to have two mutual fund s (particularly for MMF) with a manager? Specifically for Stanbic IBTC and FBNQUEST.

If yes, will I need to fill separate and/or new forms?

Thank you.

It's possible. Check also the answer to someone that asked similar question. Check page 335 that was 20th Sep. post.

Obinnau:
dear emmasoft, Please what is the current rate for Norrenberger dollar fund?

Find attached the current rates for all the different funds under Norrenberger.

The opening form for the different products is also attached.
You can me if you need more details.

Use All in one medium to earn more

Click the third link on my signature to start.

Use All in one medium to earn more

Click the third link on my signature to start.

Use All in one medium to earn more

Click the third link on my signature to start.

coolestDre:


Noted. This redemption form can only be gotten in Stanbic bank? Or can it be accessed online?

You can it from the Stanbic Asset Management website or send a mail to customer care asking for the form.

Regarding mutual funds, don't always equate Stanbic bank with the Asset management arm of the Holdco. They will indeed tell you to go to any Stanbic bank branch to get the services you need, sincerely if you want to get prompt and good service deal with the Asset management arm directly. Some of the bank staff may not even understand what you mean sometimes when you decide to go through the bank for anything relating to mutual funds. Most times you can even get what you need faster on this thread than going to a Stanbic bank branch.

Susantice:
Am having issues trying to someone online. At the end of it won't let me submit the final stage. Something pops up at the right saying, Eror [Object Object]

Any idea will help

This has to do with javascript and display issues. You can use a different browser or wait, by Monday give them a call to ask if they received your application because your application may have been submitted, it's just a display issue.

enque:


Redemption limit should be per withdrawal
Abi no be so? @emmasoft

This is how it works:

For the app, the withdrawal limit is 1m
On the web portal, it's also 1m by default but you can increase the withdrawal limit to 5m max.

Using the redemption form, it's unlimited. With the form you can liquidate your investment even if it's in hundreds of millions.

So, the amount involved often determines the channel to use for the redemption.

Polchiz:

Why is FBNQUEST MMF yield historically higher than that of Stanbic IBTC?

Rates of MMFs are valued daily and depend on the valuation of the current underlying assets. They all vary and are always in the same range with about 1 to 1.5% difference in most cases, which could be more or less. It's not always a case of one higher than the other. The one that seems higher now can get lower in another period.
Basically, MMF rates are always in a range across the industry.

Blacklistwalker:
Hello, Is there any complain/delay on Treasury bill. I just want to know if I can go ahead and subscribe or I hold my money in peace.

Read up on what treasury bill investment is all about, it will help you make an informed investment decision.
An investor's mind is always at rest if he invests in what he knows and understands how it works.

Another Quarter ends in 10 days

Don't let those eating their fruits make you eat your seed.
Be wise!
Plant your seed now. (Invest no matter how small)
You will get your fruits (interest/dividends) in due season

DAramis:

I am ready to invest, but just wanted to be sure before reaching out.

If I have naira only, how can I go ahead to invest? Will I be charged black market rate for dollar-naira before investing?

Please If you could give more information on this, I will be grateful

The naira deposit is just to encourage those who find it difficult to get dollars for investment. This comes with some sacrifice - the company will give you a rate a little more than the black market and that rate will be real-time ie the day of the investment. Indirectly the investor is asking the company to source for dollars, hence you pay a little more.

However, the opening which comes first is free.

Like I said earlier, you can get in touch.

ogoo4real:


When is the payment date for Stanbic IBTC interim dividend as well.

30th Sept. 2024

Interim Dividend Payment

Today is the payment date for Zenith Bank N1 interim dividend.
Expect your cash reward for investing in Zenith Bank.
Enjoy!

Bababull:
If you have Stanbic IBTC MMF ,can you open another and please,how it's done online without going to the office.

Yes, you can open another online. Click the first link on my signature, scroll to money market fund, and click buy now, respond to the form as a new subscriber, and complete the form. A new e- will be sent to you.

kemshade:
Good morning,have gotten the , if I pay with a card will I be able to input my e details

It's better to use a normal bank transfer and write your e- number as narration. If you pay with a card it will take two working days for your money to reflect.

DAramis:


But boss

on your d post, you said accept naira deposit

How then does this conflict with your latest reply?

@DAramis, there is no conflict. Both posts are correct.
Just me when you are ready to invest in the fund.
Thank you.

Onboard1:


1. Do I need a domiciliary before investing in a dollar fund?

2. If no, how will I get the dollar if I want to redeem?

3. Can I fund it with US credit card or debit card?

Thank you

1. Yes, you need it. The investment is a dollar-denominated mutual fund, so you need a domiciliary to receive your money (interest /capital) whenever you want to withdraw or get paid your dividends.

2. The answer is in No. 1

3. Funding can be done via wire transfer or cash deposit into our collection .
Only transfer or cash deposits of the USD are currently available to fund.

MelaninGemstone:
Hello sir, so the money has reflected in his stanbic money market but no email confirmation of subscription was sent though

Also, when would the interest payments start coming in?

The email is secondary confirmation, there could be network issues but the fact that the money is reflected settles it.

Interest will be accrued in your . The interest for the day will be posted the next business day, however, if it's not posted it doesn't mean you have lost the interest, the arrears will be posted.

Just watch out by the 30th of Sept, the accrued interest will be reinvested if that is your option or will be credited to the ed bank .
Interest is reinvested at the end of each month or paid to investors' s at the end of each quarter depending on your option regarding your interest during registration or your instruction to the fund manager at any particular time.

You can always monitor how your interest accrues by checking the on the web portal or using the app.

Norrenberger Dollar Fund

Hedge your naira against inflation and devaluation plus earn a return of 10.67% by investing in the Norrenberger Dollar fund.

Unique features:

Accepts naira deposit
Cash (dollar) deposit

Complete the attached form and get in touch.

Norrenberger Dollar Fund

Hedge your naira against inflation and devaluation plus earn a return of 10.67% by investing in the Norrenberger Dollar fund.

Unique features:

Accepts naira deposit
Cash (dollar) deposit

Complete the attached form and get in touch.

Gvstavo:


Could you please comment on the Ghana debt restructuring and Eurobond defaults. What does this even mean for individual investors like you and I? I hope Nigeria will not suffer a similar fate in the near future? Your thoughts

@Gvstavo, in summary to what @emmaodot explained, what happened in Ghana simply means investors will suffer some loss ie get less than what is expected. It can happen anywhere, hence Bonds are classified as medium risk. Sincerely, no investment is risk-free.

MelaninGemstone:
Hello sir Emmasoft, my uncle transferred some money to the around 5PM yesterday. How long will it be posted ? Will he have to call them ? Or it’s automatically done

He sure put his e- number on the Narration/Remarks/Reference

It's automatically, since his e- number was used as narration, it will reflect today.

Please note that any deposit made after noon will have value and reflect the next business day. Check the by the close of business today; it will be reflected. Before then, he will get an email to indicate his subscription.

MMF is a well-structured investment and very safe—no need to be afraid or panic. Your uncle's money is in safe hands.

kemshade:


Have called the customer care, i was told I will get the e by tomorrow

It's okay. Going forward, you have to always write your e- number as narration when you do a top up.

Donsheddy:


How many percent of the interest in paid back immediately?

I want to believe you mean upfront interest payment. When you are ready to invest you will get the details of each transaction.

As earlier stated, rates are not static in the secondary market.

Donsheddy:


Okay thanks
Whats the rat

Rates depend on the tenor and in the secondary market rates are not static. Once you open an and are ready to invest, you will see the rates displayed when you to your .

As at the moment, we have 64 days 16.04%, 78 days 16.91%. 127 days 18.24%, 141 days 18.92%, 155 days 19.25% , 246 days 19.32 etc.

After your is opened, you need a minimum of 100k to start investing.

Donsheddy:


You still offer treasury bills?

Yes, Click the link to open an and pick fixed income among the three products that showed up. Once your is opened, you can even do the treasury bill from the secondary market yourself it's that easy.

LEARN TO EARN

Click the third link on my signature to begin.