{"id":2942,"date":"2020-11-26T06:00:00","date_gmt":"2020-11-26T05:00:00","guid":{"rendered":"https:\/\/cowrywise.com\/blog\/?p=2942"},"modified":"2023-06-13T14:26:50","modified_gmt":"2023-06-13T13:26:50","slug":"cowrywise-arm-funds","status":"publish","type":"post","link":"https:\/\/cowrywise.com\/blog\/cowrywise-arm-funds\/","title":{"rendered":"ARM Lists 6 Mutual Funds on Cowrywise"},"content":{"rendered":"\n
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Today, we have exciting news! Mutual Funds from Asset & Resource Management Holding Company (ARM) can now be accessed via Cowrywise. These new mutual funds, managed by ARM Investment Managers<\/a>, swell the growing list of SEC-registered mutual funds now easily accessible on Cowrywise by retail investors nationwide. Also, this deepens our position as the platform with the highest collection of mutual funds in Nigeria. <\/p>\n\n\n\n

Meet ARM: One Of Nigeria\u2019s Top Asset Managers<\/h2>\n\n\n\n

Established in 1994, as an asset management firm, ARM, is  Nigeria\u2019s largest non-bank financial services firm with the primary objective of providing a platform that meets all the investment needs of individuals. ARM Group\u2019s retail products comprise mutual funds, estate planning services, wills, pensions, stockbroking services, and real estate. <\/p>\n\n\n\n

Currently, it manages 6 mutual funds and all of them are now available on Cowrywise. Get them here with any comfortable amount. This partnership with ARM dovetails into our commitment to helping change the way Nigerians invest. <\/p>\n\n\n\n

Speaking on the collaboration, Henrietta Bankole-Olusina; Managing Director, ARM Financial Advisers, stated; \u201cOur goal is to empower more individuals to fulfil their dreams and encourage them to imbibe a healthy investment habit. Our range of mutual funds caters to different needs depending on their investment goal and risk profile.<\/p>\n\n\n\n

How Do Nigerians “Invest”?<\/h2>\n\n\n\n

In 2019, when mutual fund assets hit the \u20a61 trillion mark<\/a>, Nigerians spent \u20a6730 billion on sports betting<\/a>. That means, in 2019, 73% of the industry’s total value was equal to what Nigerians spent betting in just one year. Diving deeper into the report, we see that the drivers for this adoption are: <\/p>\n\n\n\n

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  1. Affordability <\/li>\n\n\n\n
  2. Ease of access<\/li>\n\n\n\n
  3. Ease of understanding<\/li>\n\n\n\n
  4. The hope of expected returns<\/li>\n<\/ol>\n\n\n\n

    Sadly the adoption of betting has done more harm than good in general. Hence, to place people on a sustainable path of wealth there is a gaping need to make investments simple and clear about their rewards.<\/p>\n\n\n\n

    Starting in 2017, we launched into the market with a digital savings product. The process was (and is still) simple, people save any comfortable amount and we help invest the bulk in treasury bills and bonds to earn returns. Alongside this, we curate a robust finance education system that simplifies money for the everyday person. <\/p>\n\n\n\n

    These efforts positioned us to initiate our core plan of helping everyday people access high-end investments through mutual funds. On May 21, 2019, we started off with four mutual funds. Today, we have nineteen high-profile mutual funds. <\/p>\n\n\n\n

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    The Journey To 10 Million First-time Investors<\/h2>\n\n\n\n

    Partnering with top fund managers across the country, we will bridge the gap between onboarding and educating the average Nigerian. In essence, we are easing up more time for fund managers to grow wealth while we drive up demand. Our commitment is to introduce 10 million first-time investors to mutual funds in the next five years.<\/p>\n\n\n\n

    ARM Mutual Funds: The Details<\/h2>\n\n\n\n

    The ARM suite of mutual funds is a diverse one. Its offerings fit the desires of various types of investors. Below are its current offerings.<\/p>\n\n\n\n