This would have happen during the next half of the year.
According to a recent self-reported data from various fund managers, the CDH Balanced ran past its peers to be the best performing balanced fund in the country for the first quarter of 2016 and it is in a pole position to maintain this lead for the second quarter.
At the maiden Annual General Meeting of shareholders in Accra, the Executive Director of CDH Asset Management Limited, Mr Seth Aryitey, announced the Fund generated a return of 17.57 per cent in the first seven months (June – December 2015) of operation, increasing the funds under management from GH? 800,000.00 to GH? 1,000,000.00.
“Our mobilisation was superb, we did a solid rollout and deployed a planned, sound investment strategy to arrive at where we’re now,” the investment banking expert disclosed in an interview.
Mr Aryitey explained that in order to ensure the wise use of shareholders’ funds and high investment yield, the Fund Manager deployed conservative approach at the commencement of the Fund’s operations.
“Because of we have a well-defined mandate to fulfil, the Fund Manager deployed a very conservative portfolio for the first six months of the existence of the Fund.
“This was to ensure the smooth take-off of the Fund, as well as respond to the bearish nature of trading in riskier investments such as stocks on the Ghana Stock Exchange in 2015.”
The Board Chairman of the CDH Balanced Fund and the Group CEO of CDH Financial Holdings, Mr Emmanuel Adu-Sarkodee, hinted that the Fund Manager would deploy a sound strategy to enhance the status of the CDH Balanced Fund in 2016.
“Our goal is to build a well-structured investment vehicle that will ensure that we are able to meet your medium to long-term financial return expectations. The manager of the Fund is committed to a wise investment strategy that focuses primarily on excellent returns,” Mr Adu-Sarkodee stated.