In a bid to attract more first time investors into the mutual funds’ space, Cowrywise recently announced its partnership with Asset and Resource Management Holding Company (ARM Holdco) to launch six (6) new mutual funds.
This is according to a disclosure by the firm, as seen by Nairametrics.
What they are saying
Cowrywise said: “We are excited to launch 6 new mutual funds from Asset and Resources Management Holding Company (ARM Holdco) on Cowrywise. With this partnership, Cowrywise users get more quality investment options in Naira and dollars. Also, this is in line with our continuous drive to get 10 million first time investors into the mutual funds’ space.”
What you should know
The six (6) new mutual funds listed are; ARM Eurobond Fund (Dollar fund), ARM Discovery Balanced Fund, ARM Aggressive Growth Fund, ARM Ethical Fund (Halal investments), ARM Money Market Fund, and ARM Fixed Income Fund.
According to Investopedia, a mutual fund is a type of financial vehicle made up of a pool of money collected from many investors to invest in securities like stocks, bonds, money market instruments, and other assets.