FCMB asset management Ltd secures SEC approval for change of mutual funds name – The Nation Newspaper

e-Business
May 11, 2026 by Our Reporter
FCMB Asset Management Limited (FCMBAM), the Asset Management arm of FCMB Group Plc, has received approval from the Securities and Exchange Commission (SEC) for the execution of the supplemental Trust Deeds of the FCMBAM’s mutual funds.
The approval includes the change of name of its Legacy mutual funds and reduction in the minimum subscription units of the Funds and follows the successful conclusion of unitholders’ meetings at which investors in each of the affected mutual funds voted in favour of the proposed changes.
The changes mark a deliberate step in FCMBAM’s ongoing brand consolidation, aligning the company’s public-facing products with the FCMBAM identity that has become synonymous with disciplined, transparent, and internationally benchmarked asset management services in Nigeria.

With effect from the date of SEC approval, the following name changes are in full legal force:
Legacy Money Market Fund is now FCMBAM Money Market Fund; Legacy Debt Fund now FCMBAM Debt Fund; Legacy Equity Fund now FCMBAM Equity Fund and Legacy USD Bond Fund now FCMBAM USD Bond Fund.

Based on the rebranding, FCMB Asset Management Limited (FCMBAM) has revised the minimum unit subscription thresholds for three of its mutual funds as approved by the SEC and reflected in the supplemental Trust Deeds.

These changes are intended to make investing more affordable and accessible to a wider range of investors. The minimum subscription for the local-currency bond-based FCMBAM Debt Fund has been reduced from 25,000 units to 1,000 units, while the minimum subscription for the local-currency equity-based FCMBAM Equity Fund has been lowered from 10,000 units to 1,000 units, helping to reduce the barrier to entry for more retail investors.
The revised threshold for the US Dollar bond-based FCMBAM USD Bond Fund has decreased from 1,000 units to 100 units and aligns with FCMBAM’s broader commitment to expanding access to dollar-denominated investment opportunities for retail investors. The FCMBAM Money Market Fund remains unchanged at a minimum subscription of 1,000 units.
“This rebranding is more than a name change; it is a statement of intent. It, once again, signals to the investment community that FCMBAM prioritises the democratisation of access to professional investment management services, in line with our Purpose of fostering inclusive and sustainable growth in the communities we serve.

“We thank our unitholders for their confidence in us all through this process and remain committed to delivering even stronger outcomes for our clients, under our refreshed identity,” the Chief Executive Officer, FCMB Asset Management Limited, James Ilorin, said.
FCMB Asset Management
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