Investing for the long term is crucial for financial security as we get older. Whether securing your retirement or planning your legacy, the peace of mind from knowing you’re on the path to a comfortable future is unmatched. Starting early and staying disciplined are important to ensure success. However, choosing the right fund is equally important and often overlooked. In this article, we introduce you to a mutual fund designed to check the long-term box: The Enhanced Equity Beta Fund (aka Global Tech), an SEC-licensed mutual fund managed by Black Star Advisors.
What is the Enhanced Equity Beta Fund (Global Tech)?
The Enhanced Equity Beta Fund (Global Tech) is an open-ended equity mutual fund focusing on global equities with a bias towards technology companies. The fund employs an aggressive approach to capitalize on global technological advancement. For example, an attractive investment opportunity could be a U.S. tech company experiencing rapid earnings growth. This objective may provide your money with aggressive growth opportunities, helping it keep up with inflation and increasing its value over time.
Currently, the fund holds well-known tech stocks like Google, Microsoft, Amazon, Tesla, T-Mobile, Netflix, and Meta, along with a diverse mix of global equities. Because it invests globally, it can be more volatile than a domestic fund, but you also benefit from the potential appreciation of the foreign currencies it holds. You may wish to consider investing in this fund as a complement to a fixed-income long-term fund or a more diversified stock portfolio.
Key Facts about the Enhanced Equity Beta Fund (Global Tech)
| Detail | Information |
| Minimum Investment | GHS 100 |
| Valuation Frequency | Daily |
| Subscription Fee | None |
| Redemption Fee | 3% in the first year; 2% in the second year; 1% in the third year; There shall be no redemption charge after the 3rd year |
| Management Fee | Up to 2.5% per annum |
| Last Year Performance | 68% |
| Inception Date | March 1, 2018 |
| Risk/Reward Rating | High |
| Fund Type | Open-ended equity mutual fund |
| Management Style | Active |
| Asset Class | Global Stocks |
| Currency | Ghanaian cedis (GHS) |
NB: Achieve helps you stay disciplined with our new app-level lock feature, which allows you to stay invested in the fund for at least six months before making any withdrawals.
Why Invest in the Enhanced Equity Beta Fund (Global Tech)?
- High performance: You may benefit from the aggressive strategy of this fund to grow your money.
- Lower costs: Investors with an appetite for USD-denominated securities can access them through this fund if they do not have enough money to meet the minimum investment amount.
- Less risk through more diversification: This mutual fund can invest in hundreds—sometimes thousands—of individual securities at any given period. So if any one security does poorly, the others are there to help offset that risk.
- Professional Management: You do not have to keep track of every security the fund owns. The fund is managed by experts who take care of that for you.
- Convenience: You can invest and withdraw online and set up automatic investments.
How do you make money with the Enhanced Equity Beta Fund (Global Tech)?
Capital gains occur when the stock prices within the fund’s portfolio increase, raising the value of the fund’s shares. Investors can then sell their shares at a higher price than they originally paid, realizing a profit.
Dividends provide another source of income. Many companies within the fund’s portfolio distribute a portion of their earnings to shareholders in the form of dividends. These dividends can either be distributed directly to the investors or reinvested into the fund, thereby increasing the overall value of their shares.
Conclusion
Global Tech is a great way to invest in leading global tech stocks and other USD-denominated securities. With its strategic approach and professional management, you can achieve steady growth in your money over the long term.
Invest smartly and watch your money grow with Global Tech!
NB: Like all investment products, the Enhanced Equity Beta Fund (Global Tech) comes with some risks. These include market fluctuations and economic changes, but the diversified approach helps manage these risks.
