Parthian Capital has introduced the Parthian Money Market Fund and Parthian Dollar Fund to strengthen Nigeria’s investment market and align with the country’s economic aspirations. The CEO emphasized the strategic value of these funds in promoting capital formation. Both funds have received regulatory approval and will be listed on the Nigerian Exchange, ensuring integration into the capital markets.
Parthian Capital has launched two new investment funds, the Parthian Money Market Fund and the Parthian Dollar Fund, thus enhancing its influence in Nigeria’s financial landscape while supporting the federal government’s initiative towards a $1 trillion economy. These funds aim to provide diverse, high-yield investment options for individuals operating in the fluctuating interest rate climate.
During the launch, the Chief Executive Officer of Parthian Partners highlighted the importance of these funds in promoting capital formation. He stated, “Parthian Capital launching two funds today is a testament to the company’s growth and its contribution toward achieving President Bola Tinubu’s vision of a $1 trillion economy. We firmly believe that capital formation is essential for building a strong economy… the money market fund, in particular, offers a safe investment vehicle with high yields.”
In addressing domestic and global economic conditions, Olusoga pointed out that ongoing inflationary trends due to international tariffs will likely maintain elevated interest rates. He remarked, “With this in mind, I don’t see interest rates dropping significantly in the near future.”
Regulatory scrutiny of both funds has been completed, affirming their compliance with industry standards. John Briggs from the Securities and Exchange Commission stated, “I want to reconfirm that two funds have been lodged with the Commission… the approval granted was based on a thorough regulatory review.”
Femi Shobanjo, Chief Executive Officer of NGX Regulation Limited, confirmed that the funds will be listed on the Nigerian Exchange. He emphasized, “The two funds being launched today are in the process of being listed, further strengthening their connection to our ecosystem.”
In summary, Parthian Capital’s launch of the Parthian Money Market Fund and Parthian Dollar Fund marks a significant step towards enhancing Nigeria’s investment market. The funds align with national economic goals while offering investors valuable opportunities amidst current economic challenges. The rigorous regulatory assessments underscore the commitment to maintaining industry standards, thereby fostering a market conducive to innovation and growth.
Original Source: www.thisdaylive.com
