AIICO Capital Limited: Best Multi-Asset Fund Manager West Africa 2019

AIICO Capital urges Nigerians to aim higher and reach further when considering their financial health and future. The firm is a subsidiary of parent company AIICO Insurance plc, which was founded in 1963. It manages investments for AIICO as well as for over 13,000 institutional and retail clients across several industries, and has assets valued at more than US$350 million under management. The firm’s research-backed investment approach and astute risk-management skills have delivered client returns that exceed portfolio benchmarks. AIICO Capital claims the lion’s share of the fixed income investment market in Nigeria, and its steady stewardship of equity has produced healthy returns in a market that has recorded a 40% decline over the past five years. AIICO Capital offers investment management services through its SEC-registered mutual funds – the A+ rated AIICO Money Market Fund and the AIICO Balanced Fund, which has diversified investments in equities, gov-ernment securities, and money market securities. It offers fixed income investments via Nigerian and USD-denominated guaranteed treasury notes, Nigerian Federal Government Treasury Bills and Bonds, United States Treasuries, and Eurobonds. AIICO Capital plans to launch an investments platform to increase financial inclusion by targeting middle, and bottom-of-the-pyramid mass of the Nigerian market. The CFI.co judging panel commends the firm’s research-based and results-driven ap-proach to fund management, and declares AIICO Capital Ltd as the winner of the 2019 award for Best Multi-Asset Fund Manager (West Africa).