A new awareness campaign has been launched by FBNQuest Asset Management, and it is expected to constantly keep the investing public informed about investment opportunities in the Nigerian market. The campaign is tagged #BuildingTogether.
The campaign was designed with the intention of helping Nigerian investors keep abreast with institutional and retail investment opportunities, in order for them for them to fully take advantage of everything the Nigerian markets have to offer.
The campaign will target both existing and potential customers of FBNQuest. According to Mr Ike Onyia, the company’s Chief Executive Officer, the #BuildingTogether initiative became imperative due to the company’s commitment to facilitate the financial aspirations of Nigerians.
“At FBNQuest Asset Management, we have grown our products and offerings over the years, and continue to demonstrate our passion for partnering our clients to achieve success. We believe that as true investment management partners, we can help them facilitate the achievement of their dreams and aspirations.
“The #BuildingTogether initiative is designed to help both existing clients and the investing public become aware of the possibilities available for achieving their short, medium and long term financial goals.” -Onyia
Note that FBNQuest Asset Management is one of the biggest asset managers in the country. As we reported, the company last year recorded a growth rate of 137.54%, thereby emerging the second fastest growing funds manager in the country; second only to AXA Mansard Investments Limited.
It managed about ₦32 billion as at the end of 2016, but was able to increase its AUM to ₦77 billion after pulling in an estimated ₦43 billions of net-inflow and ₦1.1 billion in fund performance.
Currently, FBNQuest Asset Management is in charge of six mutual funds spread around the Euro Dollar, Equity, Money Market and Fixed income fund spaces. It is also the second largest fund manager in Nigeria, a position the fund manager is not giving up anytime soon.
The company is a subsidiary of FBN Holdings Plc. It should be recalled that in 2015, the investment banking and asset management arms of the company (i.e., FBN Holdings Plc) was was refocused under a unified brand name FBNQuest. The unified brand name encompasses other entities such as FBNQuest Merchant Bank, FBNQuest Securities, FBNQuest Capital etc.
In general, fund managers in Nigeria grew mutual fund asset value by an average of 89.71% in 2017, according to research conducted by Quantitative Financial Analytics. Nigerian fund managers began the year with a total mutual fund asset of about ₦224 billion but ended the year with assets worth ₦426 billion, representing an increase of ₦202 billion. The increase, according to the research, emanated from net inflow of about ₦186 billion and performance gain of about ₦16 billion.