United Capital Asset Management, a subsidiary of United Capital Group, has launched a specialised naira-denominated, open-ended mutual fund designed to help parents build and secure long-term wealth for their children’s future.
Speaking at a media launch in Lagos on Monday, the company’s Group Chief Executive Officer (GCEO), Peter Ashade, explained that parents can take advantage of the opportunity to secure the health, careers, education or vocation of their children for as long as they wish.
Fielding questions from newsmen, Ashade affirmed that there is no age limit for children to be enrolled. Parents can start up with one million naira and complete payment within the year, a feature designed to accommodate very low-income earners. Although the minimum investment amount is pegged at five million naira. “We don’t want to disenfranchise any parent that is why we decided to welcome one million to start but you pay through within the time specified to a minimum of five million naira.
We want to be a solution point to both individual, family, government (both at the national and sub-national) as well as corporate organisations. Before now, we had only seven products within our portfolio, but today we have increased it to eleven,” he explained.
The Children Investment Fund, officially unveiled in commemoration of Children’s Day, is tailored to meet key milestones in a child’s life, including education, healthcare, and future capital needs.
Ashade explained that the fund invests in a balanced mix of government and corporate bonds, equities, and money market instruments.
It offers capital growth, steady income, liquidity, and safety through a diversified portfolio. The benefits, he said, are numerous, ranging from capital appreciation and competitive returns to professional management, annual dividends, and flexible access.
He encouraged parents to let their children know about the investment for diverse reasons, saying, “we have multi-billionaires today who have testified that their parents invested much in their future.”
Also speaking at the event, Managing Director/CEO of United Capital Asset Management, Odiri Oginni, stressed the importance of early planning for children’s financial security.
“We believe that every child deserves a good financial head start, and this fund is our contribution to building that foundation for the next generation. Whether it’s for education, or healthcare, or special needs, this fund provides a structured and disciplined way to start early and grow steadily.”
She noted that with the introduction of the Children Investment Fund, United Capital Asset Management now manages 10 open-ended mutual funds, with total assets under management exceeding N1 trillion. Of this, over N500 billion is held in mutual funds, offering investors a wide range of options including low-risk income funds, equity-based funds, dollar-denominated funds, as well as ethical and impact-focused investment products.
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