Risevest will introduce the Risevest Naira Equity Fund, designed to invest in a portfolio of strong Nigerian companies across various sectors and outperform the NGX 30 index. Additionally, the Risevest Dollar Fund will offer exposure to low-risk, dollar-denominated investments such as Nigerian government and corporate eurobonds, excluding equities. The third fund, the Risevest Money Market Fund, will focus on short-term, low-risk instruments like treasury bills and fixed deposits to ensure accessibility and interest earnings for investors.
Alongside the mutual funds, Risevest is launching Rise Business, a product aimed at helping businesses manage their finances. This platform will provide businesses with multiple currency accounts, including USD, GBP, EUR, and Naira, each with verifiable details for international transactions. Businesses will also be able to make payments to over 60 countries and convert currencies directly from the platform.
Rise Business is intended for importers, exporters, small businesses, agencies, and consultancies that frequently conduct cross-border financial transactions. The introduction of these new offerings reflects Risevest's strategy to adapt to the changing economic landscape and provide broader investment and financial management opportunities for Nigerians.