Investment
FIL Dollar Income Fund (FDIF)
The FIL Dollar Income Fund (DIF) is tailored for investors seeking income generation, capital appreciation, and currency diversification through investments in US dollar-denominated fixed income instruments and mutual funds. This fund provides an opportunity for investors to earn income in U.S. dollars, making it a suitable option for those looking to hedge against local currency fluctuations.
Objectives
- Income Generation: Focused on providing regular income through investments in US dollar-denominated assets
- Capital Appreciation: Aiming for growth in the value of the investments over time
- Currency Diversification: Allowing investors to hold assets in U.S. dollars, thereby diversifying their currency exposure
The FIL Dollar Income Fund is ideal for investors looking for a low-risk way to earn income in U.S. dollars while also obtaining exposure to international markets.
Investment
Key Features
Minimum Investment
The minimum investment required to participate in this scheme is $100
Lock-Up Period
There is a minimum lock-up period of 180 days. Clients wishing to withdraw their investments before this period will incur a penal charge of 2% of the invested amount
Diversified Portfolio
The fund invests in
- US dollar-denominated debt instruments issued by the Nigerian government and corporate institutions
- US dollar-denominated mutual funds managed by SEC-licensed fund managers
Fund Management Fee
The management fee for the fund is set at 1.5% of Assets Under Management (AUM) per annum, payable on a monthly basis
Benefits
We offer great benefits for investing with us
By investing in US dollars, clients can protect their investments from domestic currency fluctuations
Investors can benefit from receiving income in a stable and widely accepted currency
The fund is overseen by experienced fund managers who actively manage the portfolio to align with market conditions and optimize returns
