Kumasi: The Anidaso Mutual Fund PLC has announced a substantial increase in its Net Asset Value (NAV), which grew by 18.37 percent to GHc 4,271,786 by the end of 2024, compared to GHc 3,608,626 in 2023.
According to Ghana News Agency, the Fund also saw a notable rise in share sales, which surged by 90.54 percent, from GHc 411,609 in 2023 to GHc 784,309 in 2024. Additionally, investor activity in share redemptions increased by 10.91 percent, climbing from GHc 450,096 in 2023 to GHc 499,206 in 2024.
These details were revealed by Mr. Eric Brobbey, the Vice-chairman of Anidaso Mutual Fund PLC, at the Fund's 20th Annual General Meeting (AGM) held in Kumasi. The AGM also focused on approving the appointment of new custodians of the Fund and addressing other relevant business matters.
Mr. Brobbey emphasized the Fund's goal of renewing investor confidence and strategically shifting towards optimizing its portfolio. Despite the overall growth, the Fund's NAV per share experienced a slight decrease, moving from GHc 1,0285 in 2023 to GHc 1,0261 in 2024. This decline was mainly attributed to portfolio balancing and challenging market conditions.
The Fund's investment portfolio saw a decline of 17.31 percent, dropping from GHc 553,837 in 2023 to GHc 457,916 in 2024, reflecting broader economic shifts and interest rate fluctuations. However, Mr. Brobbey noted that the Cedi had shown signs of stability, and investor confidence was slowly returning.
To capitalize on this, the Fund plans to enhance its growth through strategic outreach and investor education, focusing on portfolio diversification to deliver returns that accurately reflect market risks and rewards. Mr. Brobbey assured that the Board of Directors is committed to safeguarding the Fund's assets and preventing fraud and other irregularities.
Mr. Edward Asamoah, the Manager of Anidaso Mutual Fund PLC, expressed optimism about the country's investment climate, expecting it to improve as debt restructuring stabilizes. He highlighted that the country's long-term economic prospects are positive, especially as it overcomes debt challenges and diversifies the economy.
