He said: “although 2017 was a year of unexpected events where social and economic shifts reverberated across the globe with unpredictable outcome on the general stability of the country’s economy, the fund continued to perform incredibly well closing off the year with an impressive improvement over the previous year’s performance.”

Mr Allan made this known when he presented the Report of the fund to the directors at the SOF 5th Annual General Meeting in Accra on Friday.

He said the Fund has been in existence since May 2013, and its total number of clients as at the end of 2017, was 1,755 indicating about 33 per cent increase, and the institutional clients formed majority of about 67 per cent.      

He indicated that the Net Asset Value (NAV) of the fund started at 08897 and during the year 2017, it enjoyed an average month-on-month growth rate of 1.70 per cent with the month of November recording the least growth rate of 0.66 per cent, whiles March saw the highest growth rate of 2.82 per cent.

The Director said the share price maintained a steady growth throughout the period under review, until it closed off the year with a price per share of 1.3260.“This represents an annualized yield of about 20.40 per cent for 2018,” Mr Allan said, adding that; “the fund will look at maximizing profits, assuming the least risk possible, and investing in very high-yielding short-to-medium term securities that will offer the best risk adjusted returns for its clients.”

Mr Emmanuel Padi, the Fund Administrative Manager of Sirius Capital Limited who read the Fund Managers’ report, encouraged shareholders to invest more to secure their financial future. He mentioned some of the strategies that would be adopted for 2018, which include the continual packaging of Sirius Opportunity to make it gain more strides with institutional clients, expansion of future payment outlets available for the individual shareholder, improving in-house efficiency in client servicing, strong social media presence and to engage in corporate social responsibility.

Mr Padi said as at the end of 2017, there were over 36 mutual funds and 21 Unit Trusts licensed by the Securities and Exchange Commission of Ghana. “Mutual funds and nit Trust are often a well sought investment tool usually because of its versatility and flexible nature. Especially with money market funds and trust, most investors consider it as a basic investment tool”.