₦airaland Forum

Johnrake69:
Yes... However, the rate varies daily. As of today the rate is 11.55%. The fund is not tied to a tenure and your capital is preserved. So if it eventually goes below your expectation. You can always redeem your investment.


You can send me an email at kelvin.chiejine@arm.com.ng or call me on 09031599840 or 08121198293

iyke3g:
Where is your office located. I'm interested.

exclusiveoloori:
My t-bills will mature mid-january next year. Since the rates are dropping, will like to try the ARM money market, never heard of it though, will like to have more details on how it works and how reliable is it?

Damolux01:
Can someone into ARM here give needed details about it? Since TB is terribly dropping, ARM would be perfect for now. How do they work? Can I do it with FBN or which Banks are into it?

Johnrake69:
You can drop your email address so I can forward you details of the ARM money market fund. Or better still you can send me an email at kelvin.chiejine@arm.com.ng or call me on 09031599840 or 08121198293. Thanks.

ochukoccna:
T-bills rates are so so poor now
GTB quoted me 4% today
I was like WTF? cos GTB fixed deposit is 4% too
Biz na the way to go now then

Johnrake69:
You can drop your email address so I can forward you details of the ARM money market fund. Or better still you can send me an email at kelvin.chiejine@arm.com.ng or call me on 09031599840 or 08121198293. Thanks

Daddi:
hi dude, post the procedures here, making it private makes people sceptical. Cheers

moshino:
@Johnrake69

Is the invested principal insured, if so, up-to what amount? And since the yield is a floating rate, is there a guaranteed minimum, and a ceiling?

Johnrake69:
@moshino @Daddi

If I understand your question correctly, you want to know if there is a plan like the one banks are statutorily required to have with NDIC? Please clarify me if that's not what you mean.

For the fund managers, its actually not a statutory requirement. The act that dealt with the operations of the fund managers, i.e the investments and securities act of 2007 didn't require that from them. What was provided was the following:

- Trustee
- Custodian
- Registrar

Trustee:
Ensure that the transactions entered into by the fund managers are in accordance with regulations of Sec, the main regulator of the scheme. For the ARM money market fund, the trustee is ARM trustee. Buh for our discovery fund its First trustee

Custodian:
Is responsible for holding and safeguarding the securities owned within a mutual fund. And ARM's custodian is citi bank

Registrar:
Register and maintain detailed records of the transactions of investors for the convenience of mutual fund houses. ARM registrar is First Registrars.

These are measures that have been put in place to ensure transparency in the way the fund is managed.

@mekaboy am sorry if your offended by the discussion. I sincerely apologize.

Johnrake69:
@moshino @Daddi

If I understand your question correctly, you want to know if there is a plan like the one banks are statutorily required to have with NDIC? Please clarify me if that's not what you mean.
For the fund managers, its actually not a statutory requirement.

moshino:
Yes, this is what I meant. I think you answered the first part of my question, thanks. The second part of my question is; Since you mentioned that the yield is a 'floating rate', do you have a guaranteed minimum yield, and a ceiling/maximum? Thanks in advance.

Johnrake69:
There is no guaranteed minimum yield and because of the way its structured. I doubt if there is any fund manager that can guarantee your yield. But, be rest assured that you will always get a competitive yield on your investment. Reason being that we are aware of our competitors and for the fact that the fund is open-ended, it means you can always liquidate your investment and take it to where you will get a better return.

vitality22:
Can we chat on Whatsapp? I will love to ask you some pertinent questions. Do you have a representative in Calabar or Uyo that i can talk with? let's see if i could spare a little amount say like 100k and see how it goes.

Alikote:
can u pls get out of this thread this is for treasury bill and you are derailing it with rubbish finance house 90 percent of investment in Nigerian money market is in treasury bills ,fgn bonds fixed deposits bankers guarantee .preference share and low risk stock zenith bank invested 500 billion in treasury bill do u think they are mad that they no inverst the money for arm guys u better by land with the pay pending when rate go up or establish bussiness

Cescgas:
@johnrake, pls educate us on the NEW thread created for money market instruments so we remain focused here. Thanks

Johnrake69:
Of course not, and neither are those investors who have entrusted ARM with their assets worth over 3.37 billion dollars to manage. So I guess you should know that we all have our dispositions on issues. And by the way, referring to ARM as a rubbish finance house is the height of ignorance. And so its safe to assume the following:
1. You have never been to lekki cos LCC was an SPV of ARM
2.You have never heard of Lakowe golf and country estate. The best in West Africa.
3.You have never heard of four point by Sheraton. An ARM project.
4. You don't know of Garden City golf estate in PH. An ARM project.
5. You don't know of Oluwole new urban Market . An ARM project
6. You don't know that ARM pensions is the 2nd biggest pension fund administrator in Nigeria. Acquired First Alliance which was the first of such transaction in the pensions industry.
7. Acquired Crystalife assurance Plc now ARM life.

A rubbish finance house that have now acquired mixta Africa a real estate giant in Africa, having 2.5 million sqm with close to 10,000 housing units delivered across Africa. Headquartered in Barcelona (Spain) with offices in Morocco, Senegal, Tunisia, Mauritania, Algeria, Nigeria and Côte d’Ivoire.

Note: This is all in a bid to meet Nigerian's need of 17 million unit of affordable homes because we are solution based. If i want to buy land i know how dont need any special vechicle like a pyramid scheme nospecto was an oil and gas spv .madoff in new york is also a investement house just simple create a new thread we can then start by putting our money small small to test water

My apologies to the house for derailing the thread.

tunai:
Gurus please what's the rate for this week?

SpeedyConnect:
waiting o

ednut1:
visit www.dmo.gov.ng

exclusiveoloori:
But why does it keep dropping?