Why make the same investment as everyone else when you can go for something different and make your investment stand out? The First Ethical Opportunities Fund looks for alternative investment opportunities that let you access a full range of asset classes.
Approved by the Capital Markets Authority of Kenya (CMA), FEOF is the first socially responsible investment product of its kind in Kenya and in the region.
The FEOF constantly looks for investment opportunities that remain untapped by conventional investment banking methods. The fund is crucial in directing profit-seeking capital to important, socially-responsible investment opportunities. It focuses on products such as mutual funds, including Equity Funds, which will invest in Sharia'h-compliant Kenyan and regional stocks.
First Community Bank Limited
The Fund is offering 50,000 Units: an initial minimum target size of 50,000 Units at a nominal (issue) price of KSh 2,000 per Unit.
This is an open-ended Fund
The Fund’s initial minimum target size is 50,000 Units at a nominal (issue) price of KSh 2,000 per Unit.
Kenyan nationals (both individuals and institutions) as well as other nationalities who may be eligible to invest in the Fund in accordance with any relevant laws.
The Fund expects to realize for Unit holders a return of 14% per annum, net of all fees and expenses.
Net returns due from Fund shall be distributed to the Unit holders every year after a financial audit of the Fund as appropriate. Returns due to Unit holders shall be paid to them within a period of two weeks after completion of the Fund audit.
Units may wholly or partially be redeemed monthly following a valuation of the Fund. Redemption will be based off the Net Asset Value (NAV) of the Fund as further clarified in the relevant section of the Information Memorandum.