{"id":4527,"date":"2016-06-03T14:19:50","date_gmt":"2016-06-03T14:19:50","guid":{"rendered":"http:\/\/www.firstmutualholdings.com\/?p=4527"},"modified":"2016-06-03T14:19:50","modified_gmt":"2016-06-03T14:19:50","slug":"fmhl-launches-first-mutual-wealth-unit-trusts","status":"publish","type":"post","link":"https:\/\/263host.co.zw\/projects\/firstmutual\/fmhl-launches-first-mutual-wealth-unit-trusts\/","title":{"rendered":"First Mutual Holdings Limited launches First Mutual Wealth Management"},"content":{"rendered":"

 <\/p>\n

HARARE \u2013 First Mutual Wealth Management, a unit of First Mutual Limited, officially launched its unit trusts business earlier today after obtaining a licence in April this year.\u00a0Speaking at the official launch today, First Mutual Wealth general manager, Max Ncube indicated that the company operates 5 unit trust schemes cutting across all asset classes except property. These are pooled investments and the fund manager has a full discretion mandate. Investors choose funds that are suitable for the investment objectives and liability profile.<\/p>\n

\"unnamed\"<\/a>
First Mutual Wealth GM Max Ncube<\/figcaption><\/figure>\n

\u201cInvestors can also have exposure in all the fund types\u2026Income is earned through capital appreciation (for capital market instruments and property) as well as interest income, rentals and dividends declared,\u201d he said. Ncube told guests that First Mutual Wealth has a shareholder capital of $663 000 against regulatory minimum of $250 000 while the total asset base amounts to $834 000.\u00a0The unit\u2019s turnover is currently above $1 million and funds under managements are above $124 million.<\/p>\n

Guest of honour, chairperson of Securities and Exchange Commission of Zimbabwe Willia Bonyongwe applauded First Mutual Wealth for its visionary leadership, determination and innovativeness despite the situation prevailing in the economy.<\/p>\n

\"SecZim<\/a>
SecZim chairperson Willia Bonyongwe<\/figcaption><\/figure>\n

\u201cYou have demonstrated that FMHL does indeed go beyond the ordinary way of doing things and looks at relevance and provides economic dignity to the nation through its various product offerings which includes life, health, insurance, reinsurance, savings and property,\u201d she said.<\/p>\n

 <\/p>\n

\"FML<\/a>
FMLH group CEO Doug Hoto, left, with Bonyongwe, centre and Ncube<\/figcaption><\/figure>\n

 <\/p>\n

\"Guest<\/a>
Guest of honour Bonyongwe receives a token of appreciation from FMLH group marketing and strategy executive Farayi Mangwende<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"

  HARARE \u2013 First Mutual Wealth Management, a unit of First Mutual Limited, officially launched its unit trusts business earlier today after obtaining a licence in April this year.\u00a0Speaking at the official launch today, First Mutual Wealth general manager, Max Ncube indicated that the company operates 5 unit trust schemes cutting across all asset classes […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[68],"tags":[70,71,72,73],"class_list":["post-4527","post","type-post","status-publish","format-standard","hentry","category-general","tag-first-mutual-wealth","tag-fmhl","tag-investment","tag-wealth-management"],"acf":[],"_links":{"self":[{"href":"https:\/\/263host.co.zw\/projects\/firstmutual\/wp-json\/wp\/v2\/posts\/4527","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/263host.co.zw\/projects\/firstmutual\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/263host.co.zw\/projects\/firstmutual\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/263host.co.zw\/projects\/firstmutual\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/263host.co.zw\/projects\/firstmutual\/wp-json\/wp\/v2\/comments?post=4527"}],"version-history":[{"count":0,"href":"https:\/\/263host.co.zw\/projects\/firstmutual\/wp-json\/wp\/v2\/posts\/4527\/revisions"}],"wp:attachment":[{"href":"https:\/\/263host.co.zw\/projects\/firstmutual\/wp-json\/wp\/v2\/media?parent=4527"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/263host.co.zw\/projects\/firstmutual\/wp-json\/wp\/v2\/categories?post=4527"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/263host.co.zw\/projects\/firstmutual\/wp-json\/wp\/v2\/tags?post=4527"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}