Parthian Capital Strengthens Nigeria’s Investment Landscape with New Funds

Parthian Capital launches the Parthian Money Market Fund and Parthian Dollar Fund, aimed at diversifying investment opportunities in Nigeria’s financial markets. The funds align with government targets for economic growth and provide high-yield options amidst volatile interest rates. Regulatory endorsements affirm the funds’ compliance and integration into the capital markets.

Parthian Capital has launched two new investment funds, namely the Parthian Money Market Fund and the Parthian Dollar Fund, enhancing its presence in Nigeria’s financial landscape. This move aligns with the federal government’s ambition of developing a $1 trillion economy. The funds are designed to offer investors diversified and high-yield opportunities amidst the current volatile interest rate climate.

The Chief Executive Officer of Parthian Partners articulated the significance of these funds for capital formation. He stated that the launch reflects the company’s growth and ambition to assist in building a robust economy. In particular, the money market fund provides a secure investment channel, with projected yields remaining high due to current interest rates fluctuating between 20 to 23 percent.

In addition to local factors, global economic trends also influence investment strategies. The CEO mentioned that tariffs imposed by the United States and subsequent responses from Canada and China may lead to inflationary effects globally. Consequently, he anticipates that interest rates will likely persist at their current levels, as lowering them might not be feasible.

Both funds have successfully passed stringent regulatory assessments, as confirmed by representatives from the Securities and Exchange Commission (SEC) and the Nigerian Exchange (NGX). John Briggs, the Lagos Head at the SEC, reassured stakeholders of the thorough review process prior to granting approval for the funds.

Femi Shobanjo, Chief Executive Officer of NGX Regulation Limited, emphasized the importance of these funds being listed on the NGX, reinforcing their integration into Nigeria’s capital markets. He reiterated support for Parthian Capital’s commitment to market innovation through these new financial products.

The introduction of the Parthian Money Market Fund and the Parthian Dollar Fund represents a significant step in enhancing Nigeria’s investment market, aiding in capital formation to support the goal of a $1 trillion economy. The company’s adherence to regulatory requirements underscores its credibility and commitment to growth, while the high yield prospects align well with prevailing interest rate trends, making these funds a notable option for investors seeking diversified financial opportunities.

Original Source: www.thisdaylive.com