A subsidiary of United Capital, United Capital Asset Management West Africa Limited (UCAMWAL), has finally commenced operations, introducing two new mutual funds targeted at investors throughout Francophone West Africa.
The new firm, headquartered in Cote d’Ivoire, will deliver sophisticated yet accessible wealth management solutions to residents of the region, especially in Benin Republic, Burkina Faso, Côte d’Ivoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo.
United Capital recently made an in-road to the French-speaking country as part of its strategic pan-African expansion. It obtained a license from the Financial Markets Authority of the West African Economic and Monetary Union (AMF-UMOA).
Business Post reports that UCAMWAL has launched two CFA franc-denominated mutual funds known as the UCAMWAL Bond Fund and the UCAMWAL Diversified Fund.
These products have been carefully designed to meet the diverse needs of both individual and institutional investors, offering tailored support to long-term wealth creation while addressing varying risk appetites.
The UCAMWAL Bond Fund is a low-risk, open-ended fund that focuses on fixed-income and money market instruments, making it ideal for steady capital preservation and long-term wealth building, while the UCAMWAL Diversified Fund offers moderate risk exposure through a balanced mix of fixed income, money market assets, and equities – perfect for investors seeking both growth and income diversification.
“These funds are tailored to meet the distinct needs of our investors, blending global standards with local market insight. We recognize that every investor’s journey is unique, which is why our solutions are built to support diverse goals across different life and business stages,” the Managing Director of UCAMWAL, Labas Bamba, explained.
“This product launch signals the kick-off of the expansion of our pan-African footprint, starting with the WAEMU region. 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,” the chief executive of United Capital, Mr Peter Ashade, said.
The Director for Africa Operations at United Capital, Mr Ejikeme Okoli, said, “Our strategy is not exploitative but collaborative, and will harness local insights to create shared value. We aim to deliver tailored financial solutions, manage risk effectively, and drive inclusive growth across the region.”