FirstBanC "First Fund" begins trading

The Management of FirstBanC has announced that its recently launched Market Mutual Fund has begun trading.

It said the share, which during the Initial Public Offer (IPO) was pegged at 10 Ghana Pesewas per share, has increased by 20 per cent to 12 Ghana Pesewas per share at the close of business on Wednesday 24th March 2010.

Mr Evron Hughes, Fund Manager who made this known the Ghana News Agency on Saturday in Accra indicated that contract notes had been sent to all shareholders adding that those who had not received theirs yet, could contact the FirstBanC offices for theirs.

FirstBanC Financial Services is an integrated investment banking and financial advisory firm licensed by the Securities and Exchange Commission (SEC) and brings together experienced investment banking professionals and business executives with wide range of local and international experience who share a commitment to providing quality services to private investors in Ghana and other emerging markets.

It offers its clients investment management services as well as wealth and estate planning, retirement planning, fixed income, and other alternative investment vehicles.

The range of services includes Asset Management, Corporate Finance and Advisory Services, SME Centre (Business Development Services), Research and Business Intelligence, Brokerage, and Private Equity.

Mr Hughes thanked all those who bought shares in the FirstFund during the IPO and assured shareholders that their funds would be managed prudently.

Source: GNA