FCMB Asset Management Limited has received approval from the Securities and Exchange Commission for the execution of supplemental Trust Deeds covering its mutual funds, including changes to the names of its legacy funds and reductions in minimum subscription units.
The approval followed successful unitholders’ meetings where investors in the affected mutual funds voted in favour of the proposed changes.
According to the company, the move forms part of its broader brand consolidation strategy aimed at aligning all public-facing investment products under the FCMBAM identity.
The firm stated that the rebranding reflects its commitment to disciplined, transparent, and globally benchmarked asset management services in Nigeria.
Alongside the rebranding exercise, FCMB Asset Management Limited also revised the minimum investment thresholds for three of its mutual funds to improve accessibility for retail investors.
The minimum subscription for the local currency bond-based FCMBAM Debt Fund was reduced from 25,000 units to 1,000 units.
Similarly, the minimum subscription requirement for the local currency equity-based FCMBAM Equity Fund was lowered from 10,000 units to 1,000 units.
The revised threshold for the dollar-denominated FCMBAM USD Bond Fund was also cut from 1,000 units to 100 units, a move the company said would broaden access to foreign currency investment opportunities for retail investors.
However, the minimum subscription requirement for the FCMBAM Money Market Fund remains unchanged at 1,000 units.
Speaking on the development, the Chief Executive Officer of FCMB Asset Management Limited, James Ilori, described the rebranding as more than a simple name change.
“This rebranding is more than a name change; it is a statement of intent,” Ilori said.
He added that the move reflects the company’s commitment to democratising access to professional investment management services in line with its goal of promoting inclusive and sustainable growth.
Ilori also thanked investors for their confidence throughout the transition process and reaffirmed the company’s commitment to delivering stronger investment outcomes under the refreshed brand identity.
According to the company, all existing investment positions, account records, and fund documentation will automatically be updated to reflect the new fund names.
The company assured investors that the changes would not affect the security of their investments or require any action from existing unitholders.
