Stanbic IBTC Asset Management wins ‘best mutual fund provider’ in Nigeria
Stanbic IBTC Asset Management Limited has won ‘Best Mutual Fund Provider Nigeria 2015’ and ‘Best Non Pension Fund Manager Nigeria 2015.’
The winners were announced at a gala dinner and awards ceremony in London recently.
Stanbic IBTC Asset Management Limited is a wholly-owned subsidiary of Stanbic IBTC Holdings plc, which is part of the Standard Bank Group, Africa’s largest bank by assets.
The feat is in line with its parent company (Stanbic IBTC Holdings plc) goal of becoming Nigeria’s foremost financial services organisation.
Olumide Oyetan, Chief Executive Officer, Stanbic IBTC Asset Management Limited, who described the award as an incentive to work harder, stated that “the firm remains totally committed to helping Nigerians build a portfolio of financial instruments from which they can use to meet their unique investment objective(s)’.’
He also reiterated “the numerous benefits in investing in mutual funds, especially the expertise that is brought to bear in maximizing returns to investors without compromising safety”.
Organised by Global Banking & Finance Review, a reputable online banking and finance performance review platform, the awards recognise achievements and innovations by companies in the global financial community, cutting across banking, Islamic finance, hedge funds, asset and wealth management, real estate, and corporate social responsibility, among others.
While commenting on this year’s award, Wanda Rich, editor, Global Bank- ing and Finance Review, stated: “Stanbic IBTC Asset Management Limited’s dedication to excellence throughout its investment advisory and management services is what made them stand out as the clear winner this year,” adding: “We look forward to seeing fur- ther industry-leading solu- tions from them in the years to come.”
With three of Nigeria’s largest and most promi- nent mutual funds under its management, Stanbic IBTC Asset Management Lim- ited is by far the country’s leading asset management company.
The categories of funds where the firm dominates include the Stanbic IBTC Nigerian Equity Fund, Nigeria’s largest equity mutual fund; the Stanbic IBTC Ethical Fund, Nigeria’s first and largest socially responsible mutual fund; and Stanbic IBTC Money Market Fund, which is the fastest growing and largest mutual fund in the country today.
Having managed funds on behalf of savings schemes, institutional and corporates mandates and high net-worth individuals for over two decades, Oyetan said Stanbic IBTC Asset Management Limited has an impeccable and impressive performance record in the Nigerian investment field.
The asset management firm, he said, “will continue to take ad- vantage of market move- ment by buying attractively priced securities which are usually trading at a substan- tial discount relative to their intrinsic value to eventually benefit from a subsequent repricing or re-rating.”