Fiddich Review Centre
Alternative Investment

Agusto Assigns A+ Rating To FBNQuest Asset Management

By Adedapo Adesanya 

Agusto & Co has rated FBNQuest Asset Management, a subsidiary of FBNQuest Merchant Bank and a member of FBN Holdings Group, an A+ (IM) rating.

The rating from Nigeria’s foremost rating agency is due to the fund manager’s strong operational track record in the asset management industry, driven by well-composed and experienced decision-making committees and qualified, long-serving experts.

FBNQuest Asset Management Limited is one of the largest asset managers in Nigeria, promoting and managing several collective investment schemes and discretionary client portfolios to deliver high-end financial investment products and services.

Agusto also affirmed the Aa-(f) rating assigned to the FBN Money Market Fund. The rating is upheld by the fund’s improved adherence to regulatory requirements, good investment process and low exposure to liquidity and interest rate risks. The rating also reflects the adequate internal credit assessments conducted on proposed counterparties.

The FBN Money Market Fund is a collective investment scheme which was launched in September 2012 and is one of the largest funds amongst publicly listed money market funds, with net assets in excess of N157.8 billion as of November 2022.

Speaking on the rating, the Managing Director of FBNQuest Asset Management, Mr Ike Onyia, stated, “We are elated to have been assigned an A+ (IM) and Aa-(f) rating for the FBN Money Market Fund by Agusto & Co. despite the constraints in the macroeconomic environment, we aim to keep providing excellent and high- quality investment services to our clients”.

Agusto as a Pan African leader in credit ratings and credit reports, has assigned well over 1,500 ratings across various sectors. Their ratings are accepted globally, with a wide client base utilizing their ratings as a benchmark to measure business success.

For FBNQuest Asset Management, the company is a full-service investment management company and the asset management subsidiary of FBNQuest Merchant Bank. It is also a part of FBN Holdings Plc., a leading financial services group in Nigeria.

It offers a range of investment products and services, with strategies spanning various asset classes and sectors. Providing specialist portfolio and fund management services, the firm manages investment accounts for high-net-worth individuals and institutional clients, including insurance companies, pension funds, public and private mutual funds, and endowment and charity funds.

The firm guides its clients through Africa’s dynamic markets and identifies the best opportunities that shape their portfolios based on its strong fundamental and quantitative research insights.

Its solutions include mutual funds, segregated portfolios, cash management services and other structured products. It also provides exposure to various asset classes in traditional markets as well as structured opportunities in alternative investments, which enables them to provide off-the-shelf or bespoke capital preservation and capital growth strategies to different kinds of investors.

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