NTHC provides Asset Management Services to institutional, retail and private clients. Our goal is to gain an in-depth understanding of our client’s objectives and risk tolerances and to partner them to ensure that our products and services meet those objectives.
Throughout our distinguished history, we have developed a wide range of innovative products to meet clients’ investment needs and risk tolerances. At NTHC, we recognise that every client has different issues to address; hence we have also used our expertise to deliver solutions that are customised to clients’ unique needs.
Our products and services generally fall within the following categories:
- Collective Investment Schemes: NTHC Horizon Fund is a mutual fund which invests in both equity and fixed income securities. Additional collective investment scheme products to meet clients’ needs are being considered for development.
- Investment Management Services for corporate bodies. These include management of pension funds, provident funds, funds of churches, etc.
- Investment Management Services for individuals especially High Net Worth individual.
- Treasury Bills/Notes: NTHC purchases Treasury Bills/Notes as well as provide rediscounting services for clients.
- General Investment Advisory Services.
NTHC Horizon Fund
What is a Mutual Fund It is a fund that pools the money of its investors to buy a variety of securities. An investor in a mutual fund is a shareholder who buys shares of the fund and each share represents a proportionate ownership in the funds’ underlying financial instruments.
What is NTHC Horizon Fund? NTHC Horizon fund is an open-ended mutual fund scheme. After the Offer period, additional Units in the fund will be created and purchased on demand by subscribers on an on-going basis at a price computed in accordance with the SEC approved basis of offer price computation. The fund is a legal entity incorporated as a public company limited by shares under the Companies Code 1963, Act 179. The Fund is managed under the control and supervision of the Board of Directors. The Board of Directors appoints and contracts the fund manager through the execution of a fund management agreement. The Custodian, who shall be vested with all the assets of the Fund, is mandated by the Law and Regulations to protect the interest of investors.
What are the objectives of the fund? The primary objective of the Fund is to optimize the investors’ total returns comprising dividend and capital appreciation on assets held.
Who can invest in the fund?
- Ghanaian citizens and Associations (including those based abroad)
- Ghanaian Banks, Rural Banks and other Non-Bank Financial Institutions
- Insurance Companies
- Provident and/or Pension Funds
- Foreign and non-resident investors
- Social and investment clubs
- Religious Organizations and Educational Institutions
How do I become a shareholder of the fund? Pick up an application form from our offices at Martco House, 1st Floor, Okai Mensah Link, off Kwame Nkrumah Avenue, Adabraka – Accra. Complete the application form and pay for shares either by cash or cheque payable to NTHC Horizon Fund. BY MAIL: You can request for an application form by calling NTHC Limited on +233-21-240241. Return the form with a crossed cheque payable to NTHC Horizon Fund. Please do not send cash by post. BY E-MAIL: You can download the application form NTHC’s website: www.nthcghana.com. Return the form with a crossed cheque payable to NTHC Horizon Fund. Please do not send cash by post.
DIRECT DEBIT: Make your payment into the accounts details provided below: Bank: Barclays Bank – High Street Branch
Account Name: NTHC HORIZON FUND LIMITED
Account Number: 1848865
What is the minimum amount I can invest? The minimum number of shares an investor may hold is 500 shares initially priced at GHp¢0.10 per share giving a total consideration of GH¢50.00. Subsequent purchases are subject to a minimum of GH¢5.00. After the initial public offer period, the price per share of the Fund will be determined after each trading session.
What expected returns can I expect to earn from the NTHC Horizon Fund. The Fund Manager believes that the returns on the underlying equities and financial instruments would, in the long run, outperform other categories of investment as well as inflation. However, the Fund Manager cannot predict or guarantee returns to investors. The level of returns in a particular year would be a function of the existing business environment as well as general conditions affecting the market.
What risk should I expect from the Horizon Fund? Investment risk relates to the possibility of not realizing the expected return on the investment, either through dividend income and/or capital appreciation. Whilst it is not possible to entirely eliminate investment risks, the Manager will, on an on-going basis, have in place appropriate procedures and controls to minimize and manage the impact of various risk factors.
Who are the Managers of the fund? NTHC Limited is the manager of the fund. NTHC has over 25 years Experience in fund management and we manage assets in excess of ¢260 billion.
What are the charges when you invest in the Horizon Fund? There is no charge for joining the fund. However there is an exit charge (load) when you redeem your investment within the first three years of your investment. An exit fee of not more than 3% in the first year, not more than 2% in the second year and not more than 1% in the third year and NO CHARGE FROM THE THIRD YEAR.
What are the benefits when you invest in the Horizon Fund?
- Professional Money Management
- Maximum Return on your investment
- Profitability
- Security
- Quick access to your money/Liquidity
- Diversification
- Convenience/Choice
- Capital gains are tax-free.
How do I know how my shares are performing? The fund will mail statements to shareholders quarterly however, you can request for your statement anytime you need it by phone for a fee.
I have other investments with NTHC Ltd. Can I still invest in the NTHC Horizon Fund? YES, you are always welcome to invest in the NTHC Horizon Fund.
When can I redeem my investment? Anytime you wish to do so. How long does it take for me to get my money? Up to three working days Treasury BillWhat is NTHC Treasury Bill?
A treasury bill is a short-term investment product (from 91 days to 365 days) offered by the Bank of Ghana on behalf of the Government. Treasury bills are backed by the credit of the Government.
Purchasing a treasury bill is lending money that you do not need now to the Government to use for 91 days, 182 days or 364 days – usually referred to as maturity date.
Upon maturity, the government will repay the amount it borrowed plus the determined interest rate given at the time it borrowed (or the time you bought the Treasury bill). The interest rate payable depends on how long you lent your money for. Usually you get higher rates for longer durations.
The good and interesting thing about lending to the Government through the purchase of treasury bills is that you may collect your interest upfront on the day you purchase the treasury bills. The money given you upfront is referred to as the discount value. The discount value is always slightly lower than the interest value that would have been paid on maturity date.
There are three things that you may do when you lend the money and wait till maturity date:
- You can take all your original money together with the interest;
- You can continue with the investment (roll over the principal) and take your interest;
- You can roll over both the principal and interest.
NTHC is a primary distributor of treasury bills. You may buy your treasury bills at NTHC’s Front Office. The advantage with buying from NTHC is that when you need the money you have lent to Government before maturity date, NTHC will give you back your principal and interest earned to date.
Who can buy?
Anyone above 18 years can buy treasury bills. However, you can buy treasury bills for a person less than 18 years (a minor) and hold it in trust for him or her. It can also be held in trust for family members, friends or organisations.
What minimum amount do I/we need to start?
Ten Ghana Cedis (GH¢ 10.00) only and thereafter in multiples of one Ghana Cedis (¢ 1.00).
How many can I buy?
There is no limit to how much one can buy. It depends on how much you are willing and able to buy.
What is the charge?
You pay absolutely nothing when you buy treasury bills trough NTHC. It is free of charge.
What are the benefits?
- Treasury bills are risk free.
- They can easily be converted into cash.
- Interest earned is higher than bank savings account rates.
- No transactions cost. You do not pay anything.
- It can be used as collateral.
Why buy from NTHC?
- We send you periodic statements that indicate the position of your investment, and how much it has grown.
- We offer free professional investment advice.
- Unlike most banks, we buy your treasury bills promptly.
- If you need the money before maturity, NTHC re-discounts it.
………why don’t you take the opportunity to increase your wealth by buying treasury bills from NTHC?
Provident Fund ManagementIt is a scheme designed to provide income during retirement years. However, depending on the Rules of the Fund, it can be drawn down to meet financial obligations during the working life of the contributor.
What are the objectives of a Provident Fund?
• To provide an investment vehicle for employees’ financial growth and security and to implement their incomes during retirement.
• To encourage employees to develop a savings and investment habit for their long-term financial security.
• To enhance employees commitments to the firm by linking employees’ financial security to their long term service with the Company
• To offer low net worth investors a convenient and low cost access to Ghana’s fast growing capital and money markets.
What are the Benefits to Staff?
Matching Contributions
The organization agrees to contribute a matching contribution for each cedi a member invests into the Fund.
Loyalty
Members remain loyal to their organization because they benefit from their investment in the Provident Fund over a long period of time.
Pay Deductions
Contributions go into the Fund through the convenience of payroll deductions.
Employers’ Commitment to Members
Providing a matching contribution for each cedi a member invests of his or her pay demonstrates an organization’s commitment to its members’ long term retirement savings.
What are the Benefits to the Employer?
Employer’s Commitment to Members
Providing a matching contribution for each cedi a member invests up his or her pay demonstrates an organization’s commitment to its members’ long term retirement savings.
This commitment can be used as an effective marketing tool to recruit and retain staff.
NTHC Private Investment Account
NTHC Private Investment Account is a service that focuses on giving investors better interest than their 91 Treasury Bill or Savings Accounts at the bank and also creates a vehicle where the investment needs of individual or groups can get assistance in case of resignation, retirement, disability or death. The account can be topped up by direct debit contributions through contributor’s bank account, by cash, postal order or post dated cheques and the benefits created trough prudent investment by the account manager.
How does it work?
NTHC Private Investment Account is designed to provide a highly competitive return on contributors account. It is highly flexible and it takes into account a client’s risk return profile, investment objectives and investment constraints, allowing for a unique investment policy.
By this service, both NTHC and the investor(s) work together to come up with an investment strategy. NTHC the Account Manager then manages the money in the account according to the agreed strategy.
How can I check the performance of the account?
A comprehensive quarterly statement on your investment portfolio will be sent by e-mail and post.
Can I increase or withdraw from the NTHC Private Investment Account?
The objective is to grow your money and so is expected to make regular contribution into your account. You can withdraw but withdrawals before 3 years attract a redemption fee.
How much do I need invest?
A person or group wishing to invest in the account needs an initial minimum of twenty Ghana cedis (GH¢ 20.00) to start there after a monthly contribution of the same amount or more.
Who are the Managers of the NTHC Private Investment Account?
NTHC Limited is the Account Manager of the NTHC PIA. NTHC has over Thirty years of experience in account management.
What are the fees?
Our standard management fee is 2% p.a. on the total value of the investment.
What is the Expected Returns?
We can assure you of a return higher done the 91 day Treasury bill.
What are the benefits of investing in the NTHC Private Investment Account?
o Investors will receive higher return from NTHC Private Investment Account compared to 91 day Treasury Bill.
o Professional account managers make the investment decision for you.
o Investor can use the account as collateral for loans.
o Investors can fall on the account in case of an emergency.(Within 2 working days)
o Diversification of Investment.
o Can provide a steady income stream during retirement
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