A new money market fund, the Berkshire Money Market Fund, has opened for subscription, offering two billion units at N1.00 each. The open-ended unit trust is registered with the Securities and Exchange Commission (SEC) and is managed by Berkshire Asset Management Limited. The fund aims to provide capital preservation, liquidity and competitive income returns, investing primarily in short-term, investment-grade money market instruments. Subscription opens at a minimum of 10,000 units (N10,000), with later investments in multiples of 5,000 units.
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