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Business News of Thursday, 12 July 2018

Source: citibusinessnews.com

Dusk Capital to raise GHC500k through IPO

Bernard Osei Tutu CEO, Dusk Capital, Bernard Osei-Tutu

Indigenous investment firm and fund manager, Dusk Capital, has officially launched an IPO to raise GH?500,000 for its Unit Trust.

The Dusk Unit Trust IPO is designed to promote investment culture amongst Ghanaians through a collective investment scheme approach.

The Unit Trust is highly regulated by the Securities and Exchange Commission (SEC), managed by Dusk Capital, and with UMB as the trustee. This makes the product less risky and with the potential for very competitive returns.

The initial Public Offering (IPO) is the platform by which the public can buy a unit or part of the Dusk Unit Trust. Most of the Unit Trust’s assets is expected to be invested into fixed income instruments.

Chief Executive Officer of the company, Bernard Osei-Tutu Jnr, at the launch said: “The Unit Trust IPO is an opportunity for every Ghanaian to become a millionaire. With as low as GH? 50, everyone can buy into this IPO and reap the rewards.”

Dusk Capital was established some five years ago and uses strong product knowledge, innovative financial and capital market power to assist institutions and corporate clients in accessing local and global markets.

The firm is managed by an experienced team made up of top Investment Professionals and Consultants with in-depth knowledge and experience in Securities and investments.

The company last year signed an agreement with the International Investment Management Group (IIMG Africa Ltd) that give the Ghanaian company access to over 300 international mutual funds across the world.

The agreement, which makes Dusk Capital one of the few investment firms on the continent with IIMG partnership, made it possible for the development of innovative products for the Ghanaian market.