Coremars Asset Management Limited has launched a ₦1 billion Money Market Fund, marking its entry into Nigeria's collective investment scheme market and expanding its product offerings for individual and institutional investors. The fund, approved by the Securities and Exchange Commission (SEC), aims to provide professionally managed exposure to money market instruments, emphasizing capital preservation, liquidity, and income generation. The launch represents a strategic shift for Coremars, transitioning from infrastructure development to product innovation and client relationship expansion. Olawale Adebayo, Managing Director of Coremars Asset Management Limited, highlighted the milestone, stating, "We have invested significant time and resources in building the foundation required to bring this product to market, and receiving regulatory approval is a major achievement for the entire Coremars team." The fund's initial target of ₦1 billion serves as a starting point for scaling responsibly while building investor confidence through disciplined management and governance. Adetutu Awojobi, Head of Institutional Sales at Coremars, emphasized the importance of the institutional market, noting that corporates and institutions are increasingly focused on liquidity management. "They want solutions that are professionally managed, transparent, and aligned with their investment requirements," Awojobi said. The fund is designed to meet these needs, offering accessible short-term investment options that balance liquidity with potential returns. Coremars' growth strategy extends beyond product diversification, aiming to strengthen investment discipline, institutional partnerships, and client service. The company plans to deepen relationships with individual, corporate, and institutional clients while expanding its investment capabilities. Adebayo outlined the long-term vision: "Our long-term ambition is to build an asset management institution that investors can trust with increasingly significant pools of capital." This requires a focus on expertise, client-centricity, and sustainable growth. The Money Market Fund also addresses a critical gap in Nigeria's financial ecosystem. By offering a professionally managed portfolio of short-term instruments, it provides investors with a reliable alternative to traditional savings accounts, particularly for managing surplus liquidity. This aligns with broader trends in the asset management sector, where demand for diversified, low-risk products is rising. Coremars Asset Management Limited, registered and regulated by the SEC, has positioned itself as a key player in Nigeria's investment landscape. The company's focus on fund management, risk mitigation, and client service underscores its commitment to delivering value. As it expands its product range, the success of the Money Market Fund will be pivotal in establishing its reputation and attracting larger capital inflows. The launch underscores Coremars' role in enhancing financial inclusion and stability. By offering accessible, transparent investment solutions, the firm contributes to Nigeria's economic development. The fund's performance and governance standards will be critical in building the trust necessary for long-term growth and market leadership.
Coremars Asset Management Unveils ₦1 Billion Money Market Fund to Expand Investment Options in Nigeria
Assistant Editor for Economy and Markets
Coremars Asset Management Limited
Securities and Exchange Commission (SEC)
Enhancing financial inclusion, providing low-risk investment options, and supporting institutional liquidity management in Nigeria's asset management sector.