Parthian Capital has launched Parthian Money Market Fund and Parthian Dollar Fund to strengthen Nigeria’s investment market and support $1 trillion economy goals. These funds promise high yields and regulatory approbation, focusing on capital formation and addressing global economic trends influencing local investment strategies.
Parthian Capital has launched two investment funds aimed at enhancing Nigeria’s financial market and supporting the federal government’s goal of achieving a $1 trillion economy. The new Parthian Money Market Fund and Parthian Dollar Fund provide investors with diversified, high-yield opportunities, particularly beneficial in the current volatile interest rate environment.
At the launch, the CEO of Parthian Partners emphasized the strategic 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.” He noted that the money market fund specifically offers a safe investment option with high yields amidst rising interest rates fluctuating between 20-23%.
Additionally, the CEO discussed the impact of global macroeconomic trends on investment strategies, citing U.S. tariffs and counteractions from other countries that contribute to inflation. He remarked, “I don’t see interest rates dropping significantly in the near future. At best, they may remain at their current levels, as reducing them could prove unsustainable.”
Officials from the Securities and Exchange Commission (SEC) and Nigerian Exchange (NGX) confirmed that both investment funds have passed regulatory scrutiny and compliance requirements. John Briggs from the SEC reaffirmed that the funds had been lodged with the Commission, stating, “The approval granted was based on a thorough regulatory review, which was followed diligently before the final approval was issued.”
Femi Shobanjo, CEO of NGX Regulation Limited, noted that the funds will be listed on the Nigerian Exchange, further linking them to the country’s capital markets. He remarked, “The two funds being launched today are in the process of being listed, further strengthening their connection to our ecosystem. We at NGX fully support their initiatives and will continue to stand by them as they drive market innovation through new products and technology.”
The launch of Parthian Capital’s two investment funds marks a significant move towards strengthening Nigeria’s investment landscape as part of the nation’s aim for a $1 trillion economy. These funds offer high-yield investment opportunities amid rising interest rates while receiving robust regulatory approval from both SEC and NGX. The acknowledgment of global economic trends highlights the importance of strategic financial initiatives in the current climate.
Original Source: www.thisdaylive.com
