Parthian Capital has launched the Parthian Money Market Fund and Parthian Dollar Fund, supporting Nigeria’s ambition of reaching a $1 trillion economy, while offering high-yield investment options. Regulatory bodies have confirmed their compliance and support, further integrating these funds into the capital markets.
Parthian Capital has launched two new investment funds to enhance its influence in Nigeria’s financial landscape while supporting the federal government’s aspiration for a $1 trillion economy. The newly initiated Parthian Money Market Fund and Parthian Dollar Fund provide diversified investment opportunities with promising returns amid a fluctuating interest rate climate.
During the unveiling, Olusoga, the Chief Executive Officer of Parthian Partners, emphasized the significant role of these funds in promoting capital formation. “Parthian Capital launching two funds today is a testament to the company’s growth and its contribution toward achieving President Bola Tinubu’s vision of a $1 trillion economy. We firmly believe that capital formation is essential for building a strong economy,” he stated, noting the potential for high yields in the current interest rate environment.
The CEO also discussed broader economic influences, highlighting that global tariff policies are likely to lead to persistent inflation. He cautioned that interest rates may not decrease significantly in the near future, suggesting that they could stabilize at current high levels without sustainable reductions.
Representatives from the Securities and Exchange Commission (SEC) and the Nigerian Exchange (NGX) confirmed that both newly launched funds have adhered to comprehensive regulatory standards. John Briggs, SEC Lagos Head, reassured that the funds had undergone extensive reviews, leading to their approval under strict compliance protocols.
Additionally, Femi Shobanjo, CEO of NGX Regulation Limited, noted that Parthian Capital’s funds are set for listing on the NGX, which will further integrate them into Nigeria’s capital markets. He expressed support for Parthian’s initiatives, stating, “We at NGX fully support their initiatives and will continue to stand by them as they drive market innovation through new products and technology.”
In summary, Parthian Capital’s introduction of the Parthian Money Market Fund and Parthian Dollar Fund marks a significant move towards enhancing Nigeria’s investment landscape. These funds not only align with the government’s economic goals but also promise investors high-yielding opportunities. With the endorsement of regulatory bodies such as the SEC and NGX, the funds are positioned for success in a challenging economic environment.
Original Source: www.thisdaylive.com
