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Investment

IEI Anchor Pension Managers Limited is now Norrenberger Pensions Limited

By December 1, 2022No Comments

The National Pension Commission (PENCOM) on Tuesday 5th July 2022, approved the change of name for IEI-Anchor Pension Managers Limited to Norrenberger Pensions Limited. The name change comes as a result of Norrenberger’s acquisition of International Energy Insurance and the consequent recapitalization of IEI Anchor…

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Mutual Funds

Norrenberger Money Market Fund

Money Market Fund

The Money Market Fund is a collective investment scheme, registered with the Securities and Exchange Commission (SEC). The Fund invests in Nigerian short-term money market instruments such as Federal Government Treasury Bills, Bankers’ Acceptance, Commercial Papers, Certificate of Deposit, and other instruments introduced and approved by the Central Bank of Nigeria (CBN) from time to time.

Features

  • Return on investment is competitive and tax free.
  • The Fund is open-ended and constituted under a Trust Deed.
  • Quarterly interest payment or reinvestment.
  • Redemption of units within the first 30-day period attracts 20% penalty charge on accrued return.
  • Redemption takes 2-3 working days.
  • Online access available to monitor fund performance.
  • Diversified portfolio in money market instruments.
  • Minimum subscription amount is N5,000.00 and subsequent investment contribution as low as N1,000.00.

Norrenberger Islamic Fund

Islamic Fund

The Islamic Fund is a collective investment scheme, registered with the Securities and Exchange Commission (SEC). The Fund is targeted primarily at investors who have a short, medium to long term investment horizon with consciousness for their belief in Shariah principles and are seeking higher returns than typical Shariah Fixed Deposits but averse to the risk associated with equity investments. The Fund invests in Sharia Compliant Fixed Term Contracts which are subjected to the review of it’s Sharia Advisors.

Features

  • Return on investment is competitive and tax free.
  • The Fund is open-ended and constituted under a Trust Deed.
  • Quarterly dividend payment or reinvestment option.
  • Redemption of units within the first 180-day period attracts 20% penalty charge on accrued return.
  • Redemption takes 2-3 working days.
    Online access available to monitor fund performance.
  • Diversified portfolio in Sharia Compliant Instruments.
  • Minimum subscription amount is N5,000.00 and subsequent investment contribution as low as N1,000.00.

Norrenberger Dollar Fund

Dollar Fund

The Dollar Fund is a collective investment scheme, registered with the Securities and Exchange Commission (SEC). The objective of the Fund is to hedge against currency risk while providing liquidity and competitive returns to investors. The Fund is targeted at Retail Investors, High Net-worth Individuals, Africans in the diaspora, Local and Foreign Institutional Investors seeking Dollar dominated investments. The Fund invests in Sovereign & Corporate Eurobonds and dollar denominated money market instruments.

Features

  • Return on investment is competitive and tax free.
  • The Fund is open-ended and constituted under a Trust Deed.
  • Quarterly dividend payment or reinvestment.
  • Redemption of units within the first 90-day period attracts 20% penalty charge on accrued return.
  • Redemption is processed within 5 working days.
  • Online access available to monitor fund performance.
  • Diversified portfolio in dollar denominated instruments.
  • Minimum subscription is 5 units and subsequent addition of 1 unit at the prevailing price per unit.

Norrenberger Turbo Fund

Turbo Fund

The Turbo Fund is a collective investment scheme, registered with the Securities and Exchange Commission (SEC). The Fund aims to generate income and competitive returns by investing 100% of its assets in short, medium and long term instruments, including securities issued by Federal and State Governments, and corporate entities. The Fund is targeted at Retail Investors, and Institutional Investors seeking competitive returns on Naira-denominated investments. Investing in the Fund allows participation in the bond markets with lower initial investments compared to directly purchasing individual bonds.

Features

  • Return on investment is competitive and tax free.
  • The Fund is open-ended and constituted under a Trust Deed.
  • Quarterly interest payment or reinvestment option.
  • Redemption of units within the first 90-day period attracts 20% penalty charge on accrued return.
  • Redemption takes 5 working days.
  • Online access available to monitor fund performance.
  • Diversified portfolio in Naira denominated Fixed Income instruments
  • Minimum subscription is 50 units and subsequent addition of 10 units at the prevailing price per unit.

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Classic Note

Norrenberger Classic Note

Classic Note

The Norrenberger Classic Investment Note ‘The Classic Note’ is a liquid product which affords investors the opportunity to earn interest on their investments in periodic intervals monthly or quarterly; or compound the interest and earn it with the principal when the investment matures.

Features

  • Competitive interest rates.
  • Upfront and periodic interest payment options available.
  • Investment certificate can be used as a supporting document for accessing loans and visas applications.
  • Classic Investment Note is available in 30, 60, 90, 180 , 270 and 365 day tenors.
  • Investment can be rolled over at maturity.
  • Returns are subject to statutory 10% withholding tax(WHT).
  • Early termination or part termination is allowed with a charge to interest only.
  • Minimum investment amount is N1,000,000.00.
  • Interest rate is negotiable based on amount and tenure of the investment.

Targeted Investment

Targeted

The Targeted Investment Plan is a structured plan that gives investors an opportunity to invest towards a short to medium term goal with a specific future date. The goal can be to purchase a property, start-up capital for business, dream vacation, education, wedding, car purchase, etc. Interest rate is referenced to the regular Classic Investment Note.

Features

  • Easy achievement of your financial goals due to deliberate planning.
  • Competitive return on your investment, which brings you closer to your goal.
  • Investment certificate can be used as a supporting document for accessing loans and visa applications.
  • Minimum investment tenor is 180days.
  • Withdrawal from the plan is not allowed.
  • Additional investment can be made at any time.
  • Minimum investment amount is N50,000.00.
  • Interest rate is negotiable based on amount and tenure of the investment.

Structured Investment

Structured

The Classic Structured Investment Note is a product that invests in carefully selected low-medium risk assets such as Commercial Papers, Short Term Debt Notes and Bonds to provide liquidity, competitive returns and safety of funds.

Features

  • Attractive interest rates.
  • Investment certificate can be used as a supporting document for accessing loans and visas applications.
  • Interest can be taken upfront or periodically.
  • The Structured Investment is available in 90, 180, 270 and 365 days tenors.
  • Early termination or part termination is allowed with a charge to interest only.
  • Investment can be rolled over at maturity.
  • Returns are subject to statutory withholding tax (WHT).
  • Minimum investment amount is N10,000,000.00.
  • Interest rate is negotiable based on amount and tenure of the investment.

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Treasury Note

The Treasury Linked Investment Note ‘The Treasury Linked Note’ is a product which affords investors the opportunity to invest in a portfolio mainly made up of Treasury Bills and Bonds. Investors can earn returns on their investments upfront (Discounted); or at the maturity of the investment (Yield).

Features

  • Default risk-free (Sovereign) instruments.
  • Competitive interest rates.
  • Investment certificate can be used as a supporting document for access to loans, visas and other applications.
  • Tenures of 91 days to 5 years.
  • Treasury Linked Investment Note is available in all tenors.
  • Allows for roll-over when investment matures.
  • Early termination or part termination is allowed with a charge to interest only.
  • Investment return is referenced at 100 basis points above indicated instrument rate.
  • Minimum investment amount is N1,000,000.00.
  • Returns are not subject to WHT.
  • Interest rate is negotiable based on amount and tenure of the investment.

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Norren Kickstart Account

The Kickstart account is geared towards partnering with parents/guardians to encourage the next generation of Nigerian youths to explore their entrepreneurial potentials by leveraging on the capitalist system of the Nigerian economy to become employers of labor and captains of industries in the long term.

Features

  • Investment tenor is 21 years minus the child’s age.
  • Beneficiaries can have access to Norrenberger’s quarterly entrepreneurship focused seminars and trainings.
  • Contributor can withdraw up to 35% of total account balance annually.
  • One free annual withdrawal benchmark.
  • Competitive return on investment.
  • Interest rate is fixed and can be reviewed periodically in line with market realities.
  • Minimum initial deposit of N100,000.00 and subsequent minimum contribution of N5,000.00.

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FX Classic Note

FX Classic Note

FX Classic Investment (Regular)

The FX Classic Regular Investment is a product that offers investors an opportunity to invest in foreign currencies such as US Dollars, British Pounds and Euros, over a short to medium tenor. The key objective is to hedge against exchange rate risk while ensuring preservation of capital and return on investment.

Features

  • Competitive return on investment.
  • The FX Classic Regular is available in USD, GBP & EUR.
  • The FX Classic Regular is available in 30, 60, 90, 180, 270 & 365 days’ tenors.
  • Returns are subject to withholding tax (WHT).
  • Early termination or part termination is allowed subject to termination charges of 25% of accrued interest.
  • Interest is payable on the maturity of the investment.
  • Minimum investment amount is USD, GBP & EUR 5,000.00.
  • Interest rate is negotiable based on amount and tenure of the investment.

FX Classic Medium - Long Term

FX Classic Investment (Medium-Long Term)

The FX Classic Medium - Long Term Note is a product that offers investors an opportunity to invest in foreign currency, fixed income instrument such as Eurobonds and short-term foreign currency placements to give a diversified portfolio over a medium to long tenor. The key objective is to hedge against exchange rate risk while ensuring preservation of capital and return on investment.

Features

  • Interest is paid semi-annually.
  • Premature liquidation is allowed subject to a charge of 25% of accrued interest.
  • Attractive returns on investment.
  • FX Classic Medium-Long Term Note is available in 18 months to 5 years tenor.
  • Returns are subject to withholding tax (WHT).
  • Minimum Investment amount is USD, GBP & EUR 5,000.00.
  • Interest rate is negotiable based on amount and tenure of the investment.

Eurobonds & Notes

Eurobonds & Notes

Eurobonds are corporate or sovereign foreign currency medium to long term instruments targeted at High Net-worth Individuals, Corporates and Institutions. The key objective is to hedge against exchange rate risk while ensuring preservation of capital and return on investment.

Features

  • Interest is paid semi-annually.
  • Instrument is tradeable and market conditions determine the price of a trade.
  • Low-medium risk asset.
  • Tenure of 18 months to 5 years for Eurobond Note and 3-50 years for standard bonds.
  • Returns are paid semi-annually.
  • Returns are not subject to withholding tax (WHT).
  • Minimum Investment amount is $200,000.00 for standard bonds and $10,000 for Notes.
  • There is an active secondary market for the instrument.
  • Interest rate is negotiable based on amount and tenure of the investment.

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Portfolio Management

This product is targeted at High Net-Worth Individuals, Co-operatives, Private & Public Organizations, Institutional Investors, Special Purpose Funds and Multinationals who seek to diversify their investments in various asset classes expertly managed by professionals. Asset classification will be based on clients’ preference and risk level. Target returns will be set to assess performance by the fund manager. Management fee applies but is negotiable based on the volume of the transaction.

Features

  • Investment is customized to clients need.
  • Clients’ risk and return sensitivity is factored into portfolio mix.
  • Professionally managed by a Team of performance driven experts.
  • Efficiency and Flexibility in managing portfolio in line clients investment
  • policy statement.
    Management fee 1-2% of net asset value.
  • Market knowledge and access to products will provide viable investment options to clients
    Access to global research and market outlook report to guide investment decision and fund management

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Norren Medium Term Investment Note

The Medium-Term Investment Note is designed to provide investors with an opportunity to benefit from highly competitive returns generated from a diversified investment portfolio. The Medium-Term Investment Note targets investors with investment horizon of above one year.

Features

  • Attractive interest rates.
  • Bi-annual interest payment/Rollover.
  • Investment Note is available in 18-36 months tenor.
  • Allows for roll-over after investment matures.
  • Early termination will attract a pre-liquidation charge of 35% of accrued interest.
  • Returns are subject to withholding tax (WHT).
  • Minimum investment amount is N1,000,000.00.
  • Interest rate is negotiable based on amount and tenure of the investment.

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Fixed Income Services

Our fixed income dealing services affords investors the opportunity to buy securities such as Treasury bills, Commercial papers, Government or Corporate Bonds to either hold till maturity or for sale.

Features

  • Excellent execution capacity.
  • Ability to source instruments from other dealers to provides options to clients.
  • Competitive returns to clients due to diversified sources.
  • Minimum investment amount is N1 million for Treasury bills.
  • Minimum investment amount is N5 million face value for secondary market bonds.
  • Interest from Treasury bills investment can be paid upfront or backend.
  • Minimum investment amount for Primary Market Auction is N50,000,000.
    Active secondary market for trading instruments.
  • Market conditions will determine the price of a trade.

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Discretionary Money Market Investment

Discretionary Money Market Investment

This fund invests in diversified money market instruments. It is the closest to a call investment, providing flexibility to investors seeking fixed and competitive returns.

Features

  • Easy entry and exit.
  • Withdrawal within 24-48 hours.
  • Diversified portfolio.
  • Online access to monitor investment.
  • Minimum investment amount is N50,000.
  • Investment is compounded monthly.
  • Interest rate is fixed and reviewed periodically.
  • Investment is subject to 10% withholding tax.

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