and brings to the table conversations around devaluation of the local currency as was the case in 2016 when the local currency devaluation led to a more than 50 percent decline in the dollar value of investors’ naira assets.
With a minimum of $500, investors seeking to hedge their savings against currency risk can invest in Vantage Dollar Fund managed by Investment One Funds Management Ltd and would earn a steady return on their investment. The pool of funds will be invested in Nigerian originated dollar-denominated assets including sovereign and corporates, the firm said.
The fund is regulated by the Securities and Exchange Commission and in accordance with regulation; it has an independent trustee and custodian.
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