GCB Capital Launches Golden Eagle Unit Trust to Expand Investment Opportunities

GCB Capital Limited has officially entered the collective investment market with the launch of its first collective investment scheme; the Golden Eagle Unit Trust. This strategic move expands GCB Capital’s services by offering a broader range of investment opportunities to both individual and institutional investors focused on long-term wealth creation.

The Golden Eagle Unit Trust features a diversified portfolio of onshore and offshore assets, designed to balance risk and returns. With a minimum investment of just GHS 100, the product is accessible to a wide range of investors, providing an avenue for steady investment growth.

Managing Director of GCB Capital Limited, Kofi El-Awuku, highlighted the company’s commitment to innovation and delivering greater financial options to investors. “We do have our investment solution but it’s for high net worth clients with a minimum amount of GHS 100,000. But as you may well admit, it doesn’t work for majority of the investment public. So, the importance of this product which is a mass or retail investment vehicle is that, it allows everybody with a minimum of GHS 100 to join our collective investment schemes. We are looking at bringing investment more readily to the doorstep of Ghanaians and we are riding on the goodwill of our parent company which is GCB Bank,” he stated.

The Fund will be valued daily, allowing the manager to provide daily updates on the performance of the Fund, facilitating easy entry or exit for clients. The initial public offer began on December 5, 2024, and is set to close on January 9, 2025.

Socrates Afram, Board Chairman of GCB Capital, emphasized their commitment to transparency, accountability, and excellence. “As we launch this product, we are committed to transparency which is very critical to investors. Wherever they have invested their funds, they need to know what is going on. We will also be committed to accountability and excellence in everything we do regarding this Fund,” he said.

The Golden Eagle Unit Trust, inspired by the strength and prestige symbol of GCB’s golden eagle emblem, offers a mix of local and international investment opportunities. Domestic investments span government securities, corporate bonds, equities, and real estate investment trusts (REITs). On the offshore front, the portfolio includes sovereign bonds, corporate bonds, and equities.

Deputy Director General of Legal at the Securities and Exchange Commission, Deborah Agyemfra, added, “We have provided guidelines to ensure that investors are protected in this space. This product is also innovative which has brought out the market development side of our role. As a regulator, our dual mandate is to protect investors while fostering market development.”

With this launch, GCB Capital aims to make investment opportunities more accessible to the general public, fostering financial growth and stability across Ghana.