Legacy USD Bond Fund is a Securities & Exchange Commission, Nigeria registered US Dollar denominated Collective Investment Scheme, structured as a high-yield mutual fund. The Fund seeks to generate stable income over the long-term. Legacy USD Bond Fund invests in credit-rated, US Dollar denominated fixed income securities issued by the Nigerian Government, Supranational bodies and Corporate entities. The Fund is targeted at both retail and institutional investors. In addition, we have a Customer Portal through which investors can view their holding in the Legacy USD Bond Fund. Login details will be sent to the investor's registered email address, once the investor has registered at https://portal.fcmbassetmanagement.com/.
The Fund is predominantly a bond-based Fund, with a minimum allocation of 70% to bonds issued by Nigerian entities. It is wholly a US dollar Fund. Therefore, investors buy units in US Dollar and redeem units in the same US Dollar. The Fund offers investors a hedge against both local inflation and Nigerian Naira devaluation. It is, therefore, an excellent way to preserve value. In addition, the Fund aids diversification across currencies and issuers, as instruments held are solely in US Dollar and from different Nigerian entities.
Settlement is done to provide best execution
An Investment Committee meeting is held at least once a quarter, to determine the direction of the market and how to take advantage of emerging opportunities, which culminates in a house view. The decisions arrived at these meetings guide the Fund Manager on how best to invest the assets of unit holders in the Fund.
"principal and return on investment are not guaranteed"
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