Products and Service Offerings

Portfolio Management Services

• o Management of Collective Investment Schemes
• o Pension Fund Management
• o Provident Fund Management
• o Management of Customized Portfolios
• o Fund Administration and Investment Advisory
• o Financial Planning

• o EDC Ghana Fixed Income Unit Trust
• o EDC Ghana Balanced Fund
• o EDC Ghana Money Market Unit Trust
• o EDC Ghana Retirement Fund
• o EDC Ghana Money Market Sub Class B
• o EDC Ghana Africa Trust
• o EDC Ghana Growth Trust

1. The EDC Ghana Fixed Income Unit

The EDC Ghana Fixed Income Unit Trust is managed by EDC Investments Limited, the Asset Management subsidiary of the Ecobank Group in Ghana. It is an open-ended fund which pools money from unit holders and invests in a diversified mix of fixed income securities such as:

• o Government of Ghana Treasury bills and Bonds
• o Corporate Bonds
• o Fixed Deposits
• o Other Fixed Income Securities

Investment Objective & Strategy

EDC Ghana Fixed Income Unit Trust seeks to achieve current income on a steady basis subject to prevailing macroeconomic conditions. That Fund aims to outperform short-term interest rates being offered on Government Securities (Government of Ghana 1-year Treasury Note) net of fees, and delivers an inflation protected income stream to investors. 100% of the Fund’s net assets are invested in a well – diversified mix of fixed income securities.

FEATURES:

• o Minimum initial investment amount
• GHC 50, Minimum top up investment amount – GHC 20
• o Investment tenure
• An individual can invest in the fund for as long as he/she wishes. Withdrawals can be made in part or full without penalty. However, there is a front – load charge of 0.5% on every deposit you make.
• o Diversification
• Investing in EDC Ghana Fixed Income Unit Trust reduces the risk of investing. When an individual invests, he/she automatically buys an interest in a portfolio of dozens of different securities giving him / her instant diversification.
• o Security
• Your investment is safer and better secured because it is managed by EDC Investments Limited, a leading fund manager in Ghana with an excellent track record of investing pooled funds for investors.
• o Affordability
• You need a minimum of GHS 50 to be a shareholder and subsequent top-ups of GHS 20.
• o Liquidity
• With EDC Ghana Fixed Income Unit Trust, you get your money subject to prevailing market conditions with no penalty.
• o Convenience
• Investors can add to their investment at any Ecobank Branch or digitally via e-payment channels.

2. The EDC Balanced Fund

The EDC Ghana Balanced Fund is an open-ended fund which invests primarily in equities (shares) and fixed income securities. 30% - 70% of the Fund’s nets assets are invested in fixed income securities and the residual in entities listed on the Ghana Stock Exchange and any other regulated stock market.

It is a medium to long-term investment vehicle and may be subjected to short – term market volatility.

The Fund does not guarantee returns but as a balanced mutual fund, is expected to yield much higher returns in the long-term.

Investment Objective & Strategy

The EDC Ghana Balanced Fund seeks to provide capital appreciation and current income. The fund management style has a growth bias and seeks to deliver superior risk adjusted returns and a consistent income stream over the medium term. The fund’s objective is to outperform its benchmark (50% Ghana Stock Exchange Composite Index +50% Government of Ghana 364 - Treasury Bill) net of fees and deliver an inflation protected income stream to investors. The EDC Ghana Balanced Fund is a medium to long term investment vehicle and may be subject to short term market volatility. However, over the long term, the fund seeks to outperform its benchmark. 50% of the Fund’s net assets shall be invested in fixed income securities and the residual in equities with a rebalancing range of +/- 20% for either assets class.

FEATURES:

• o Minimum initial investment amount: A minimum of GHS 20 to be a shareholder and subsequent top-up of GHS 10.
• o Diversification
• Investing in EDC Ghana Balanced Fund reduces the risk of investing. When an individual invests he/she automatically buys an interest in a portfolio of dozens of different securities giving him / her instant diversification.
• o Security
• Your investment is safer and better secured because it is managed by EDC Investments Limited, a leading fund manager in Ghana with an excellent track record of investing pooled funds for investors.
• o Liquidity
• With EDC Ghana Balanced Fund, you get your money in a maximum of five working days. The Fund has a holding of 2 years and any withdrawal before the second year attracts a penalty of 3% in the first year and 2% in the second year. There is no charge after the second year.
• o Affordability
• You need a minimum of GHS 20 to be a shareholder and subsequent top-ups of GHS 10.
• o Convenience
• Investors can add to their investment at any Ecobank Branch or digitally via e-payment channels.
• o o Minimum holding period
• The recommended minimum period is 2 years. However, an investor can withdraw all or part of his or her investment at any time within this period with a penalty of 3% in the first year and 2% in the second year.

3. The EDC Ghana Money Market Fund

It is an open – ended unit trust which seeks to maximize income by investing in a range of domestic money market securities while aiming to preserve capital and to maintain a high degree of liquidity. 100% of the Fund shall be invested in a broadly diversified portfolio of short-term, high quality money market securities such as:

• o Government of Ghana Treasury bills.
• o Fixed Deposits
• o Commercial Papers

Investment Objective & Strategy

EDC Ghana Money Market Unit Trust seeks to maximize income in line with prevailing Ghanaian money market rates, while aiming to preserve capital and to maintain a high degree of liquidity. The Fund distributes earnings to unit holders on a quarterly basis to provide income to investors. 100% of the Fund shall be invested in a broadly diversified portfolio of short-term, high quality money market securities.

FEATURES:

• o Minimum top up amount:
• Individual – GHS 50, Corporate – GHS 10,000
• o Investment tenure:
• An individual can invest in the Fund for as long they wish. Withdrawals can be made in part or full without penalty.

4. The EDC Ghana Retirement Fund

The EDC Retirement Fund is managed by EDC Investments Limited, the asset management subsidiary of the Ecobank Group in Ghana. The EDC Ghana Retirement Fund provides investors with the opportunity to plan and invest towards their retirement. Central to the Fund’s purpose is the to enable retirees address the three key expense pillars at retirement - living expenses, medical care, and rent/housing expenses. Finally, at EDC, we believe that individuals should be able to leave behind generational wealth as they build up their retirement portfolio.

What is the Fund structure?

The Fund has the option to invest in fixed income securities such as the Government of Ghana Treasury Bills, Notes and Bonds, Bank Deposits, High quality Corporate Notes and Bonds, Commercial Paper issued by blue-chip companies, Negotiated Certificates of Deposits, Statutory Agency, and Quasi government fixed income securities. The Fund will also invest in equities listed and traded on a Regulated Stock Exchange.

FEATURES:

• o Minimum initial investment amount - GHS 2,000.00,. Minimum Top- up investment amount - GHS 50.00
• o A shareholder is advised to be in the Fund for at least 2 years before making withdrawals.
• o Withdrawals attract a penalty of 3% in the first year, 2% in the second year.
• o Withdrawals can be made in part or in full depending on the time frame

RISK ASSOCIATED

Just like all other investments, our products are subject to, but not limited to the below risks:

• o Credit Risk: This refers to the possibility that the issuer of a security will be unable to make interest payments and or repay the principal on its debt.
• o Interest Rate Risk: This refers to fluctuations in the value of a fixed-income security resulting from changes in the general level of interest rates
• o Operational Risk: The Fund depends on third party service providers such as the Fund Manager, brokers, custodians etc. There is no guarantee that the investment techniques, transactions executed and other services provided on behalf of the Fund will produce the intended result.
• o Market Risk: The value of your investments may fluctuate in response to market, economic and political conditions.
• o Liquidity Risk: This risk exists when investments are difficult to purchase or sell, preventing the Fund from selling out of these illiquid securities at an advantageous price. This could lead to extended withdrawal periods due to the Funds inability to meet redemption requests. Shareholders who purchase shares using foreign currency may be subject to significant fluctuations of currency rates. Changes in foreign currency exchange rates will affect the value of securities when translated into the currency with which the shareholder invested. Also, applicants settling in a currency other than the base currency of the Fund may experience a delay in processing the application to allow for currency conversion.
• o Foreign Investment Risk: The value of international investments traded in foreign currencies may be adversely impacted by fluctuations in exchange rates.

5. THE EDC GHANA GROWTH TRUST

The EDC Ghana Growth Trust is managed by EDC Investments Limited, the Asset Management subsidiary of the Ecobank Group in Ghana. It is an open-ended fund which pools money from unit holders and invests in a diversified mix of global fixed income securities such as:

• o Global Equities
• o Investment Grade fixed income securities of Sovereigns and non-sovereigns
• o Alternative investments such as Real Estate and Private Equity

Investment Objective & Strategy

The Trust is designed for investors primarily seeking capital appreciation. The Trust's Investment strategy is designed to achieve a well-diversified portfolio of stocks, fixed income and alternative assets. The Trust's equity allocation aims to track the MSCI All Country World Investable Market Index (ACWI IMI). The index captures large, mid, and small-cap companies across developed, and emerging markets worldwide, providing a comprehensive representation of the global equity market. The Fixed income allocation of the Trust will track the Bloomberg US Aggregate Bond Index which has a focus on investment-grade securities as rated by a global credit rating agency. This strategy aims to provide a stable income stream and reduce portfolio volatility. The Trust will invest in a mix of government and corporate bonds to balance risk and return. The Trust will also invest in alternative assets such as Real Estate and Investment Trusts (REITs), Infrastructure Investments, Private Equity, and Hedge Funds. The Trust is targeted at High Net worth and Institutional Investors seeking to diversify their Portfolios across Asset Classes and Geographies.

How much can I invest?

• o Minimum initial investment amount – GHC100,000.00
• o Minimum top up investment amount – GHC 10,000.00

Who can invest in EDC Ghana Growth Trust?

• o Individuals 18 years and older.
• o Individuals 18 years and older investing on behalf of a child.
• o Institutions
• o Organizations or Groups.

How do I start investing in the EDC Ghana Growth Fund?

• o Pick and complete an application form from EDC or any Ecobank branch.
• o Add one passport picture, proof of address and a photocopy of your Ghana Card/Passport
• o Pay in full on subscription – minimum startup of GHC 100,000.00
• o Submit document to officer in charge or sign up via www.ecobank.com/SWAM

What are the modes of payment?

• o Cash and cheque payment at any Ecobank branch.
• o Scan and invest using our QR code.
• o Invest through the Ecobank mobile app.
• o Standing order from investor’s bank account to EDC Ghana Fixed Income Unit Trust.
• o Fund Transfer from any bank
• o Post – dated cheques for periodic payments.
• o Mobile Money from all networks in Ghana using *887*505#
• o Top up at your own convenience through your desired bank’s internet banking.

How long should I be in the Fund?

There is a recommended holding period of Twenty-Four months (24 months) from Allotment Date after which investors may redeem their funds without suffering a penalty. Investors that want to exit before the recommended holding period will suffer penalty of 5% flat on redeemed funds (which redemption is subject to liquidity) the redemption charge shall be paid to the Trust at the time of redemption and shall be deducted from the price of the units before redemption.

Why Invest in the EDC Ghana Growth Trust?

• • Diversification: The Trust provides exposure to a diversified portfolio across various asset classes. This helps spread risk and can enhance overall portfolio performance.
• • Global Exposure: By tracking indices such as the MSCI All Country World Investable Market Index and the Bloomberg US Aggregate Bond Index, the Trust offers investors exposure to a broad range of companies and securities from global markets worldwide. This global exposure allows investors to capitalize on growth opportunities across different regions and sectors.
• • Risk Management: The Fixed income allocation of the Trust, tracking the Bloomberg US Aggregate Bond Index, focuses on investment-grade securities. This strategy aims to provide a stable income stream while reducing portfolio volatility, making it suitable for investors seeking reliable income stream while reducing portfolio volatility.
• • Potential for Capital Appreciation: With a primary objective of targeting capital appreciation, the Trust’s diversified portfolio is structured to capture growth opportunities across various asset classes and geographies. This approach aims to generate attractive returns over the long term, aligning with the investment goals of investors seeking wealth accumulation.
• • Targeted clientele: Designed for High Net Worth and Institutional Investors, the Trust caters to sophisticated investors looking to diversify their portfolios across asset classes and geographies. The Trust’s comprehensive approach to asset allocation and risk management is particularly suited to investors seeking long-term growth and portfolio optimization.

6. THE EDC GHANA AFRICA CASH TRUST

The EDC Ghana Africa Cash Trust is managed by EDC Investments Limited, the Asset Management subsidiary of the Ecobank Group in Ghana. It is an open-ended fund which pools money from unit holders and invests in a diversified mix of fixed income securities by African sovereigns and non-sovereigns.

Investment Objective & Strategy

The Trust seeks to provide investors with a well-diversified portfolio focused on short-term fixed income securities issued by Sovereign and non-Sovereign entities in Africa. This strategy provides investors with access to a steady income stream while diversifying their portfolio. The Trust will maintain a weighted average maturity of 90 days to ensure liquidity and flexibility. Investments will be limited to a maximum of three African countries concurrently, including Ghana and two additional countries meeting a minimum rating of B3 or higher on the Moody’s rating scale or equivalent on the Fitch or S&P rating scales. This selective approach ensures prudent risk management and emphasizes quality in the Trust’s investment holdings.

Who can invest in EDC Ghana Africa Cash Trust?

• o Individuals 18 years and older.
• o Individuals 18 years and older investing on behalf of a child.
• o Institutions
• o Organizations or Groups

How much can I invest?

• o Minimum initial investment amount – GHC120,000.00
• o o Minimum top up investment amount – GHC 10,000.00

How do I start investing in the EDC Ghana Africa Cash Trust?

• o Pick and complete an application form from EDC or any Ecobank branch.
• o Add one passport picture, proof of address and a photocopy of your Ghana Card/Passport
• o Pay in full on subscription – minimum startup of GHC 120,000.00
• o Submit document to officer in charge or sign up via www.ecobank.com/SWAM

What are the modes of payment?

• o Cash and cheque payment at any Ecobank branch.
• o Invest through the Ecobank mobile app.
• o Standing order from investor’s bank account to EDC Ghana Africa Cash Trust.
• o Fund Transfer from your preferred bank.
• o Post – dated cheques for periodic payments.
• o Top up at your own convenience through your desired bank’s internet banking.

How long should I be in the Fund?

There is a recommended holding period of 30 Days from Allotment Date after which investors may redeem their funds without suffering a penalty.

Investors that want to exit before the recommending holding period will suffer a penalty of 1% flat on the redeemed funds. The redemption charge shall be paid back to the Trust at the time of redemptions and shall be applicable on the redemption amount at the time processing redemption.

Why Invest in the EDC Ghana Africa Cash Trust?

Diversification: By limiting investments to a maximum of three African countries concurrently, including Ghana and two others meeting stringent rating criteria, the Trust ensures diversification while managing risk effectively. This approach allows investors to spread their exposure across multiple markets within the continent.

Risk Management: The Trust’s investment criteria, including the requirement for favourable exchange rate controls and a minimum credit rating threshold, prioritize risk mitigation. By investing in high-quality, short-term instruments, the Trust aims to preserve capital and generate consistent returns for investors.

Market Expertise: The Trust is managed by professionals with expertise in African markets, providing investors with access to specialized knowledge and insights. This expertise enables the Trust to identify and capitalize on lucrative opportunities while navigating potential risks effectively.

Capital preservation: Given the focus on short-term securities and stringent investment criteria, the Cash Trust aims to preserve capital while generating steady returns. This makes it an attractive option for investors seeking to safeguard their wealth while earning a competitive yield.

Opportunity for Income Generation: By investing in short-term securities and other instruments that generate periodic interest, the Cash Trust distributes cash payments to investors quarterly. This feature is particularly beneficial for investors seeking a steady income stream to supplement their cash flow or meet ongoing financial needs. Additionally, periodic cash payments offer flexibility and liquidity, allowing investors to access funds when needed without having to sell their investment holdings. This aligns with the Trust’s objective of providing stability and consistent returns, enhancing its appeal to income-oriented investors, such as retirees or those seeking passive income opportunities.

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