Dalex Capital Management Limited, a member of the Dalex Africa Group, has launched an initial public offer to raise GH? 150,000 for its Dalex Vision Fund.

Dalex CapitalThe Dalex Vision Fund is an open ended mutual fund that would invest primarily in shares, medium to long term government treasuries and corporate bonds.

The offer, which would run from July 8 to July 28, is expected to offload 750,000 shares at GH? 0.20 per share to the public.

It is geared towards long term capital appreciation and seeks to invest in growth common stocks, which are listed on recognised markets throughout Africa and the rest of the world.

Mr Alex Kwasi Bruks, Executive Chairman of Dalex Finance and Chief Executive Officer (CEO) of Dalex Capital, said the Fund is a collective scheme investment with three investment channels, including equity stocks and government bonds throughout Africa, with competitive returns and minimal risk.

?The Dalex Fund is a safe scheme, which has a competitive return with a very affordable share price,? he said.

Mr Bruks explained that the Fund would re-invest all investment income earned or received while investors benefit from the capital appreciation of the share price.

He said the Fund which is being managed by professional fund manager?s services has a tax exempted returns, with easy entry and exit, adding that prospective investors must join the Fund and enjoy the full investment returns.

Mr Alexander Williams, Deputy Director General, Security and Exchange Commission (SEC), said the launching of the Dalex Vision Fund is an indication that the market is developing.

He said the Fund has come at the right time, as the country needs a long term finance for capital growth to move the economy forward.

He said the Fund had been endorsed by SEC after being thoroughly examined to ensure accuracy in compliance, assuring that investors are well protected.

He said in order to maintain proper conduct and acceptable standard practice, SEC shall continue to inspect the books, records and other documents of the Fund.

He expressed the hope that the Fund would offer the investing public opportunity to create wealth.

Mr Williams however advised potential investors to study the investment objective to ensure that they fit into the investment profile of the Fund or seek advice from professionals.

He also challenged the Fund managers to educate the public, especially the subscribers on the product itself and introduced many more others.

He advised the Fund Managers to be fully compliant with the laws and regulations guiding the market.

Nana Osei Bonsu, Chief Executive Officer of Private Enterprise Foundation urged management of Dalex Capital to consider creating a long term fund to support industries that need patience capital like agriculture to drive the economy.

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