First Asset Management Launches Goal-Based Investing Guide for Nigerians
Sponsored content: First Asset Management publishes a goal-based investing framework urging Nigerians to match specific financial targets—like rent, school fees, or retirement—to appropriate investment vehicles instead of pooling all savings in one account. The guide breaks goals into three time horizons: short-term (under one year) suited for the First Asset Money Market Fund (Treasury Bills, commercial papers, ₦5,000 minimum); medium-term (two to five years) for the Bond Fund (government and corporate bonds, annual income); and long-term (ten years plus) for the Smart Beta Fund (Nigerian equities, high risk). Additional options include the Balanced Fund (mixed assets, medium risk), Dollar Funds for foreign-currency goals (from $100), and the Halal Fund (Shari'ah-compliant, ₦5,000 minimum). The firm advises separate accounts per goal, annual reviews, and shifting to steadier funds as deadlines approach. Contact: [email protected] or 0201 889 4444; app available for download.
With inflation eroding naira savings, does a goal-based approach using regulated fund products give you more control than informal ajo circles, or do you trust community savings more?