No borrowing to invest
Our funds never borrow to buy more.
Our approach
A process you can read in full
Good investing is mostly habits: knowing what each naira of risk is for, sticking to limits, and rebalancing when it feels uncomfortable.
The process
Six steps, every month
Our investment committee meets on the first Tuesday of every month. These are the steps it follows.
01
Read the economy
Inflation, interest rates, the naira and government borrowing set the backdrop for every fund.
02
Check every holding
Each bond issuer and company is reviewed against its last results and our original reason for owning it.
03
Test against limits
No more than 10% in any one company, 20% in any one bank, and set ranges for each asset type.
04
Rebalance
Where a fund has drifted outside its ranges, we bring it back, selling what has risen most.
05
Price daily
Funds are valued at 5pm every working day and checked by the trustee.
06
Report
Fund fact sheets each month, and a plain letter from the chief investment officer each quarter.
Limits
The rules each fund lives by
Published in each fund's rules and checked by the trustee. Example limits for this demo.
| Fund | Shares | Bonds | Money market | One issuer, most |
|---|---|---|---|---|
| Money Market | 0% | 0% | 100% | 20% for banks |
| Fixed Income | 0% | 70 to 95% | 5 to 30% | 15% |
| Balanced | 20 to 50% | 25 to 50% | 10 to 30% | 10% |
| Equity | 75 to 100% | 0% | 0 to 25% | 10% |
| Dollar | 0% | 80 to 100% | 0 to 20% | 15% |
What we avoid
Things we will not do with your money
No hidden charges
One fee per fund, shown on every statement.
No exotic products
If it cannot be explained in a sentence, we pass.
Questions
About our approach
No. We adjust within each fund's ranges, but we do not jump in and out.
Our CIO, two portfolio managers, our head of risk and an independent member.
Only through listed real estate, which can be sold quickly.
See the process in action
Each fund publishes a monthly fact sheet with its holdings and how it did.