This fund is available to parents, friends and relatives who wish to invest into their child’s education or further their education. It is an asset allocation fund specifically designed to meet the changing needs of investors who are saving money for the purpose of funding a post-secondary education. The fund gradually shifts its asset mix from an emphasis on equity funds, in its early years, to an emphasis on money market funds as its target date approaches. Over the life of the fund, its portfolio will shift from a focus on funds with growth potential to a focus on funds that preserve capital. This account grows until the child/individual is ready for post-secondary education and funds becomes available for tuition, books, school projects and/ plan vacation trips.
PESF Savings Portfolio
This portfolio is designed for savings-conscious, risk averse investors who will or whose children will be entering university within two to five years.
PESF Security Portfolio
This portfolio is designed for investors seeking high security and very little risk or who will or have children starting their post-secondary education in two to five years.
PESF Balanced Portfolio
This portfolio is designed for investors who have chilodren between the ages of 10 and 15 or who have children under the age of 10and are comfortable with moderate risk.
PESF Growth Portfolio
This portfolio is designed for investors with children under 10 or those who have a significant time to save and are comfortable assuming more than moderate risk in order to achieve the potential for higher returns.
Features:
- The client makes an initial contribution of N1 Million to the fund and regular monthly contributions automatically.
- The fund is locked in until the target date.
- Option of Individual or Family plan.
- The portfolio is managed discretionally and invested in approved securities/funds.
- ESF gift registration during special occasions.
- Penalty incurred if fund is cashed prematurely.
Benefits:
- It serves as a monthly source of income for your child when in post-secondary school.
- It relieves the parent from the burden/stress of worrying about having enough finance for his/her child’s education.
- This fund makes paying for a child's education manageable and saves you money along the way.
- It makes available funds needed to finance tuition and other costs.
- Regular investing allows you to minimize your purchase costs plus you benefit from compounded growth by investing throughout the year.
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Corporate Account