BK Capital launches first open-ended trust fund
Capital a subsidiary of Bank of Kigali has launched the bank’s first open-ended trust fund with an aim of investing in safe instruments?
Fri, 16 Oct 2020 10:52:45 GMT
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AI Generated Summary
- Aguqa, the new open-ended trust fund launched by BK Capital, offers investors significant financial advantages such as tax exemption under Rwandan law and the flexibility to access funds within 48 hours.
- The structure of Aguqa allows for investments in government securities with varying tenors, ensuring high returns while expertly managing liquidity. Additionally, Aguqa's status as an open-ended trust fund enables seamless buying and selling of units for investors.
- BK Capital's emphasis on trust and credibility, coupled with the presence of a licensed trustee in KCB Rwanda, instills confidence in investors, assuring them that their funds are safeguarded and managed with transparency.
BK Capital, a subsidiary of Bank of Kigali, recently made headlines with the launch of the bank's first open-ended trust fund, Aguqa. The aim of this new venture is to invest in safe instruments, potentially sparking a wave of investment in the sector. CNBC Africa's Arnold Kwizera sat down with Carine Umutoni, the Managing Director of BK Capital, to delve deeper into this groundbreaking initiative. Umutoni shed light on the advantages of Aguqa, emphasizing that it is tax-exempt under Rwandan law, providing investors with a significant financial advantage. The flexibility of Aguqa also stands out, allowing investors to access their funds within 48 hours and earn accrued interest, a feature not commonly found in the market. Additionally, Aguqa offers a variety of products tailored to different investor needs, providing a diverse range of options to choose from. Umutoni revealed that Aguqa plans to invest in government securities with varying tenors, ensuring a high rate of return while expertly managing liquidity. The structure of Aguqa as an open-ended trust fund sets it apart in the investment landscape, offering investors the ability to buy and sell units without restrictions. Umutoni highlighted the importance of trust in investment products, underscoring BK's longstanding reputation in the market as a reliable and trustworthy entity. The presence of a licensed trustee, KCB Rwanda, further solidifies the credibility of Aguqa, assuring investors that their funds are handled with integrity and transparency. Amidst discussions on the current investment climate in East Africa, Umutoni emphasized the importance of looking towards the future when making investment decisions. She pointed out the digital space and the energy sector as key areas of growth and opportunity, urging investors not to shy away from investing during challenging times. Umutoni encouraged investors to capitalize on the current market conditions, where stock prices have dipped, presenting a unique opportunity to acquire stocks at a lower value with the expectation of future growth. In conclusion, BK Capital's launch of Aguqa marks a significant milestone in the investment sector, promising investors a safe, flexible, and reliable avenue for financial growth and stability.
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