Bora Capital Advisors, has launched two of its collective investment schemes, the Bora Fixed Income Unit Trust and Bora Balance Unit Trust.
The schemes are targeted at Ghana’s retail and institutional markets to service a growing client demand and also meet a regulatory directive from the Securities and Exchange Commission (SEC), that all clients with balances below GH¢100,000.00 should be invested through collective investment schemes.
Paul Baah-Sackey, Bora’s Board Chairman, in his welcome address, opined that the products will give everyone in Ghana an opportunity to benefit from an experienced team of well-trained investment professionals without the requirement of having to invest huge sums of money.
“We believe that every Ghanaian, no matter how low their income, can build significant wealth through consistent investments in schemes that are managed to consistently deliver optimum returns commensurate with the risk associated with that particular scheme.”
Nana Sarfo
In explaining the Company’s phenomenal growth, CEO of Bora Advisors, Nana Sarfo noted that the company has benefited a lot from customers who appreciated the work of the company.
“We have benefited from our clients giving us repeated business through their appreciation that, at Bora, we put our clients’ interest first, and deliver excellent, simple and effective solutions.”
Nana Sarfo
Details of the Offer
Executive Director in charge of retail and wealth management, William Mensah, explained the details of the offers.
“The Bora Fixed Income Unit Trust, is an open-ended Unit Trust that will primarily invest in a diversified portfolio of Fixed Income Securities. The Trust will have Fidelity Bank as the Trustee for the scheme. The Objective of the Trust is to preserve and enhance unit holders’ wealth to meet medium to long term financial goals, while creating liquidity to meet short term needs.
“Bora Balanced Unit Trust will seek to grow unitholders’ wealth to meet medium to long term financial goals with diversified portfolio of fixed income and equity securities. Under normal market conditions, 55% of the Trust’s net assets shall be invested in fixed income securities and the residual 40% in equities with the remaining 5% in near cash to create liquidity. GT Bank are the Trustees of the Trust.”
Mr. William Mensah
Mr. William Mensah explained how the Bora Units Trusts is different from other competitors.
“The key factors that make Bora Units Trusts different from the competition includes (i) use experienced and skilled fund managers, (ii) Bora’s Low expense ratio which ensures that the investor gains the most out of their investment (only 1.25% management fees), (iii) no front load charges on both the Unit Trusts and (iv) transparency and reporting, emphasizing Bora tradition of and commitment to sending clients monthly statement in order for clients to know the status of their investments as well as their commitment to publish asset breakdown as reported by the respective Trustees quarterly on their website.”
Mr. William Mensah
The Executive Director charged investors to put their idle or low income to work by investing in Bora Units Trusts.
“If you have some spare change in a bank account or are an existing low yielding investment, consider putting your savings to better use. You can invest as little as a once-off of GH¢100 or regular monthly minimum amount of GH¢20.”
Mr. William Mensah
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