Stanbic IBTC Dollar Fund

About

Stanbic IBTC Dollar Fund is an open-ended Unit Trust Scheme that invests in US dollar denominated securities issued by SEC registered Nigerian entities (e.g. corporate and sovereign Eurobonds, commercial papers and mutual funds). The Fund seeks to provide investors with bias for dollar denominated securities access to such securities which ordinarily would be inaccessible to them by virtue of the minimum amount required to make such investments. It also provides portfolio managers access to diversify their income stream and portfolio whilst providing for long term capital appreciation.

Summary

The Fund was started in 2017.

Launch Date:                          Jan-17

Status of Fund:                       Open Ended

Nature of Fund:                       Fixed Income Biased

Initial Investment:                    $1,000.00

Additional Investment:            $500.00

Distribution Frequency:           Yearly

Handling Charge:                    20% of interest earned on redemption proceeds for withdrawals before 6 months

Base Currency:                       USD

Launch Date:                          Jan-17

Portfolio Allocation:                 Minimum of 75% in USD Fixed Income Securities, 25% maximum in short term USD investment and a maximum of 10% in USD equities. 

How to invest in the Stanbic IBTC Dollar Fund

For New Subscribers

Fill in a Subscription Form and submit alongside the below listed documents at any branch of Stanbic IBTC bank or our offices nationwide. 

·         1 passport photograph

·         Copy of means of identification for each signatory (e.g. Permanent Voters Card, Valid Driver’s License / International Passport/ Residence Permit issued by the Immigration Authorities, National Identity Card, Inland Revenue Tax Clearance Card)

·         Proof of address (e.g. Utility bill (not more than 3 months old), Solicitor’s letter confirming recent house purchase/ search report from the Land Registry, Tenancy Agreement) in lieu of which an address verification can be done.

 

Initiate an Interbank and offshore transfer of funds;

 

Correspondence Bank:                         Standard Chartered Bank N.Y   
Address:                                            One Madison Avenue New York 10010-3603                                   Swift Address:                                    SCBLUS33

ABA:                                                      026002561

 

Beneficiary Bank Name:                       Standard Chartered Bank Nigeria, Lagos

Beneficiary Bank BIC:                           SCBLNGLAPYT 

Standard Chartered Bank Account No:           3582088704001

Swift Code:                                         

 

Final Beneficiary/Same bank transfer

 

Account Name:             First Trustees/Stanbic IBTC Dollar Fund

Account No:                 0002471776 – (USD Dom)         

Bank:                           Standard Chartered Bank

Narration:                     “[Name of Subscriber]’s

 

 

For Existing Subscribers:

Initiate an Interbank and offshore transfer of funds;

 

Correspondence Bank:                         Standard Chartered Bank N.Y   

Address:                                                One Madison Avenue New York 10010-3603                                                                    

Swift Address:                                      SCBLUS33

ABA:                                                      026002561

 

Beneficiary Bank Name:                       Standard Chartered Bank Nigeria, Lagos

Beneficiary Bank BIC:                           SCBLNGLAPYT 

Standard Chartered Bank Account No:           3582088704001

Swift Code:                                         

 

Final Beneficiary/Same bank transfer

 

Account Name:             First Trustees/Stanbic IBTC Dollar Fund

Account No:                 0002471776 – (USD Dom)         

Bank:                           Standard Chartered Bank

Narration:                     “[Name of Subscriber]’s

 

Submit transfer receipt alongside a completed Additional subscription form at any Stanbic IBTC Asset Management office or Stanbic IBTC bank branch closest to you.

Redeem Your Investment

You can redeem a part or all your investments at any time

Fill in a Redemption Form and submit to any of our branches nationwide

Within five working days the proceeds will be transferred to your nominated bank account.

Answers to Your Questions

We have all the answers to your Frequently Asked Questions on the Stanbic IBTC Dollar Fund.

Benefits

Risk Diversification: The Fund mitigates investment risk by allocating capital across a diverse range of foreign currency assets thus avoiding concentration risk.

Capital appreciation with competitive returns.

You can use your holdings as collateral for bank loans.

Easy entry & exit


Customer Care Line

nigeriaassetmanagers
+234 1 280 1266

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