What does The Stanbic IBTC Guaranteed Investment Fund Invest In?
A. The Fund would invest in fixed income securities, which include Federal and State Government bonds, money market securities which include Guaranteed Commercial Papers, Bankers’ Acceptances, as well as other securities approved by the Securities & Exchange Commission. The Fund Manager’s choice of fixed income securities to be invested in will be biased to favour securities which are tax exempt or offer the best post-tax return. Also, stocks of blue chip companies quoted on the floor of The Nigerian Stock Exchange would be invested in by The Fund.
