Since its launch in September 2022, Cal Asset Management’s collective investment schemes have grown significantly, bolstered by strategic initiatives and effective portfolio management.
The schemes, rebranded as Cal Benefit Fixed Income Unit Trust and Cal Advantage Balanced Unit Trust, have garnered investor confidence and demonstrated robust performance.
By the end of 2023, both investment schemes recorded impressive returns, surpassing 40% for unit-holders. The Cal Benefit Fixed Income Unit Trust saw its Net Asset Value (NAV) surge by 250.33% year-on-year, reaching GH₵16.87 million.
Similarly, the Cal Advantage Balanced Unit Trust achieved a 100.39% growth in NAV, closing the year at GH₵4.45 million.
At the company’s inaugural Annual General Meeting, CEO James Elijah Donkoh attributed the scheme’s success to its vital performance metrics and transparent management approach.
He emphasized the company’s commitment to providing secure investment options, including the Domestic Debt Exchange Programme (DDEP), despite economic challenges.
“The funds are performing exceptionally well, surpassing inflation rates and yielding competitive returns in the fixed-income market,” Donkoh stated. “Our initial market entry has been met with robust acceptance and significant wealth creation.”
In response to investor demand, unit-holders voted to amend the schemes, allowing Cal Asset Management to allocate up to 60% of assets under management to offshore investments.
This strategic move aims to enhance portfolio diversification and mitigate risks associated with domestic market fluctuations.
“Our strategic focus remains on diversification and risk management to ensure stable, sustainable returns,” Donkoh emphasized.
“Incorporating foreign securities into our portfolio will shield against inflation and enhance overall asset stability.”
Looking ahead, Cal Asset Management anticipates continued Assets Under Management (AUM) growth across both portfolios, driven by expanding investor interest and proactive investment strategies.
