Parthian Capital has launched two investment funds, which include the Parthian Money Market Fund and the Parthian Dollar Fund, aimed at enhancing Nigeria’s investment market and supporting the government’s $1 trillion economic vision. The launches are backed by rigorous regulatory approval, indicating strong compliance and support from key financial institutions.
Parthian Capital has launched two investment funds aimed at enhancing Nigeria’s financial market and supporting the government’s goal of achieving a $1 trillion economy. The Parthian Money Market Fund and the Parthian Dollar Fund are designed to provide diversified investment options with attractive yields, particularly in the current fluctuating interest rate climate.
The Chief Executive Officer of Parthian Partners emphasized the significance of these funds in promoting capital formation. He stated that the launch reflects the company’s growth and commitment to supporting economic development. “We firmly believe that capital formation is essential for building a strong economy… the money market fund, in particular, offers a safe investment vehicle with high yields.”
In addition to domestic factors, the CEO also addressed global economic trends. He mentioned potential inflationary impacts from tariffs implemented by the United States and corresponding responses from Canada and China, suggesting that interest rates may not decline significantly soon. “At best, they may remain at their current levels, as reducing them could prove unsustainable.”
The Securities and Exchange Commission (SEC) and Nigerian Exchange (NGX) have confirmed that both funds have passed rigorous regulatory examinations. John Briggs, the SEC’s Lagos Head, reassured stakeholders about the comprehensive review process leading to the approval of these funds, asserting that all regulatory requirements were met.
Femi Shobanjo, CEO of NGX Regulation Limited, indicated that Parthian Capital’s funds will soon be listed on NGX, further linking them to Nigeria’s capital markets. He affirmed NGX’s support for Parthian Capital’s innovative contribution to the market, stating, “We at NGX fully support their initiatives and will continue to stand by them as they drive market innovation through new products and technology.”
In summary, Parthian Capital’s introduction of the Parthian Money Market Fund and Parthian Dollar Fund marks a significant advancement for Nigeria’s investment landscape. These funds not only align with the government’s economic aspirations but also reflect the company’s commitment to facilitating capital formation. With robust regulatory backing and strategic global insights, Parthian aims to enhance investor opportunities within Nigeria’s capital markets.
Original Source: www.thisdaylive.com
