Cal Asset Management has posted robust growth in its two main collective investment schemes after coming onto the market in September 2022.
This success is attributed to effective strategic initiatives and proper portfolio management of the two schemes, now rebranded as Cal Benefit Fixed Income Unit Trust and Cal Advantage Balanced Unit Trust.
The compounded return on investments for unit-holders under both schemes exceeded 40% by the end of 2023, signaling strong price performance and investor confidence.
Speaking after the company’s maiden Annual General Meeting, CEO of Cal Asset Management, James Elijah Donkoh said fund managers will continue to offer safer investment options going forward post- Domestic Debt Exchange Programme (DDEP).
“The funds are doing creditably well. The annualizalised return is better compared to the current rate of inflation and short end of the fixed income yield-curve. Even though we entered the market recently, we are making significant impact in terms of acceptability in the market and the wealth we are creating.”
The Cal Benefit Fixed Income Unit Trust, saw its Net Asset Value (NAV) grow by an impressive 250.33% on a year-on year basis hitting GH₵16.87 million by the end of 2023.
On the other hand, the Cal Advantage Balanced Unit Trust, witnessed a 100.39% growth in NAV, ending the year at GH₵4.45 million.
These schemes have attracted significant investor interest due to their strong performance metrics and the transparent and efficient management approach by the company.
“So everything put together is aimed at improving liquidity for unit-holders, reducing risks and enhancing profitability. The outlook is very bright. We started very low, but now the AUM for both portfolios are increasing aggressively on the market”, Mr. Donkoh added.
Unit-holders also voted in favour for the amendment of the scheme to enable the Fund Manager to invest up to 60% of the assets under management in offshore investments including sovereign debt securities, money market securities, corporate and supranational debt securities as well as collective investments schemes.
This Cal Asset Co Ltd. is to further anchor its strategic focus on diversification and risk management of its investment portfolio to ensure stability and sustainable returns.
“Having a foreign component of securities in our portfolio will help us minimize the risk that the scheme’s assets will be exposed to, and deal with inflation as a result of our foreign currency diversification”, the CEO explained.
