The Emrald Securities Services (ESS) Group, through its specialized subsidiary ESS Asset Management (ESS AM), has approved 3 mutual funds (FCP) called “FCP ESS PROMO PME”, “ESS TRESO PRIVILEGE” and “ESS CONFORT” on 08/07/2022.
Fund characteristics
According to the investment bank, the FCP ESS PROMO PME and ESS CONFORT have been approved as an undertaking for collective investment in bond transferable securities, while the FCP TRESO PRIVILEGE is approved as a monetary UCITS. Established for a period of 99 years, they have ORABANK Gabon as custodian and HLB Audit Consult Plus Central Africa as auditor.
With the implementation of these new financing vehicles, the ESS Group wishes to offer its customers present in the CEMAC zone and internationally, a range of diversified financial products whose yields are between 6.5% for ESS PROMO PME and ESS COMFORT and 5% for ESS TRESO PRIVILEGE.
Assets under management
As of August 2, 2022, ESS AM has totaled XAF2,164,740,651 in assets under management since the creation of these FCPs.