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Is there a guaranteed Rate of Return on an investment in The Stanbic IBTC Guaranteed Investment Fund?

April 26, 2017fund guaranteed ibtc Investment rate of return stanbic

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Is there a guaranteed Rate of Return on an investment in The Stanbic IBTC Guaranteed Investment Fund?

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A. No, the return on the Fund is dependent on rate changes in the Nigerian money market and bond market. As the Fund Manager has no control over the rate changes in the Nigerian money and bond market, which can and will fluctuate from time to time, it is therefore not possible to guarantee any particular rate of return on the investment. However the principal amount invested is guaranteed against diminution in value provided the units are held for a minimum of three months.