United Capital Asset Management West Africa Limited (UCAMWAL) has launched two new mutual funds, the UCAMWAL Bond Fund and the UCAMWAL Diversified Fund, in Abidjan, Côte d’Ivoire.
The funds are designed to provide sophisticated yet accessible wealth management solutions to investors throughout Francophone West Africa.
The UCAMWAL Bond Fund is a low-risk, open-ended fund that focuses on fixed-income and money market instruments, ideal for steady capital preservation and long-term wealth building.
The UCAMWAL Diversified Fund provides investors with a balanced risk approach through strategic allocation across multiple asset classes, investing in fixed-income assets, money market instruments, and equities.
The launch of these funds marks a significant step in United Capital’s pan-African expansion, starting with the West African Economic and Monetary Union (WAEMU) region.
The funds will be available to investors across eight member countries, including Benin, Burkina Faso, Côte d’Ivoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo.
Peter Ashade, Group Chief Executive Officer, said, “This product launch signals the kick-off of our pan-African footprint… We are here to make a difference, and we are bringing our proven investment expertise into this market, to support cross-border investment, and support Africa-driven prosperity.”
Ejikeme Okoli, Director, Africa Operations, said, “Our expansion into WAEMU is about more than presence, it’s about impact… We aim to deliver tailored financial solutions, manage risk effectively, and drive inclusive growth across the region.”
Labas Bamba, Managing Director of UCAMWAL, said, “Today marks a pivotal step in our mission to reshape asset and wealth management in Francophone West Africa… These funds are tailored to meet the distinct needs of our investors, blending global standards with local market insight.”
The launch of these funds is expected to contribute significantly to the development of the region’s capital markets while providing investors with professionally managed alternatives to traditional savings instruments.
Backed by a strong track record and trusted legacy of United Capital Plc, UCAMWAL is positioned to become a leading investment partner for individuals, institutions, and governments across the WAEMU region.
Photo caption:
[L-R]: Labas Bamba, CEO, United Capital Asset Management West Africa; Chika Mordi, Chairman, United Capital Plc; Tony O. Elumelu, CFR, Group Chairman, Heirs Holdings; Peter Ashade, Group CEO, United Capital Plc; Ejikeme Okoli, Director, Africa Operations, United Capital Plc; at the launch of United Capital Asset Management West Africa Limited.
