Parthian Capital has launched two investment funds in Nigeria: the Parthian Money Market Fund and the Parthian Dollar Fund. These funds aim to provide high-yielding investment opportunities while aligning with the federal government’s goal of a $1 trillion economy. They have met all regulatory compliance standards according to officials from SEC and NGX.
Parthian Capital has announced the launch of two investment funds, aiming to bolster Nigeria’s financial markets and support the federal government’s ambition of achieving a $1 trillion economy. The newly established Parthian Money Market Fund and Parthian Dollar Fund provide diversified investment opportunities characterized by high yields, catering to investors amidst fluctuating interest rates.
During the launch event, the Chief Executive Officer of Parthian Partners emphasized the critical role these funds play in enhancing capital formation. He stated, “Parthian Capital launching two funds today is a testament to the company’s growth and its contribution toward achieving President Bola Tinubu’s vision of a $1 trillion economy.” He also remarked on the safety and yield potential of the money market fund, especially in a climate where interest rates have surged to 20–23 percent.
Furthermore, the CEO pointed out the influence of global economic factors on investment strategies. He noted, “The tariffs imposed by the U.S. and the countermeasures from Canada and China will have inflationary consequences worldwide,” suggesting that interest rates are unlikely to decrease significantly in the near future.
Regulatory compliance and scrutiny have been assured by officials from the Securities and Exchange Commission (SEC) and Nigerian Exchange (NGX). John Briggs, the Lagos Head at SEC, confirmed that both funds have been approved following thorough regulatory reviews. He stated, “I want to reconfirm that two funds have been lodged with the Commission and that the necessary regulatory position has been established regarding these filings.”
Femi Shobanjo, Chief Executive Officer of NGX Regulation Limited, announced that the funds will be listed on NGX, enhancing their integration into Nigeria’s capital markets. He remarked, “The two funds being launched today are in the process of being listed, further strengthening their connection to our ecosystem.”
Parthian Capital’s introduction of the Parthian Money Market Fund and Parthian Dollar Fund signifies a strategic advancement in Nigeria’s investment landscape. These funds, which comply with regulatory standards, aim to provide high-yield investment opportunities amidst current economic turbulence. The endorsement from regulatory bodies underscores the potential of these initiatives to contribute to capital formation and support national economic goals.
Original Source: www.thisdaylive.com
