IJG has joined forces with Prescient to form Prescient IJG Unit Trust Management Company, a joint venture entity currently providing four-unit trust funds with plans to launch a white labelled solution to the Namibian market.
“Currently, we offer the IJG Money Market Fund, IJG Income Provider Fund, IJG Corporate Fund and IJG Balanced Fund. We are also in the process of launching our first white-labelled fund with a local asset manager,” Dylan van Wyk, a Portfolio manager with IJG Investment, told The Brief.
“These four unit trusts have been available through the Prescient IJG management company since 1 February 2022, but Prescient has previously managed the same mandates in the Namibian market for about 10 years. These funds provide good coverage of the risk–return spectrum offering options for both short-term, low-risk investors as well as investors seeking long-term capital growth.”
Van Wyk added that Prescient IJG is a great strategic partnership which gives Prescient access to the Namibian market through an established local partner, while IJG gains access to the investment expertise and world-class systems that Prescient offers.
“Prescient’s investment philoposhy of data-driven systematic investing is unique to our market, which gives investors access to new and innovative investment options. Our white labelling solution also aims to bring more of our local investment managers to market, which further widens the choices available to Namibian investors,” he said.
On how the partnership fits in the IJG structure, he said,” IJG Group of companies is a diversified financial service provider. We currently offer advisory, business broking, investment management, private equity, stock broking, unit trusts and wealth management services. This addition widens our service offering and makes sure we can provide any solution our clients may need”.
“Prescient IJG Unit Trust Management Company is a 50-50 joint venture. Prescient IJG is a great strategic partnership as this gives Prescient access to the Namibian market through an established local partner, while IJG gains access to the investment expertise and world-class systems that Prescient offers.”
Van Wyk said the partnership between the companies will also allow for the introduction of new innovative products to the market.
“The Namibian market is full of potential and constantly growing. Namibia has one of the largest savings pools in Africa (relative to its GDP), which means that there is always room for new and innovative offerings in the market,” he said.
“We hope to make use of our white-labelling solution to bring more local asset managers to market by providing a platform for newer investment managers to unitise their portfolios. This partnership also provides IJG with the capability of providing tailor-made investment solutions to clients at very cost-effective rates.”
