Cal Asset Management, a subsidiary of CalBank Plc, has posted an impressive financial performance for the year ending 2024, delivering a full-year return of 32.43% on its flagship Cal Advantage Unit Trust.
This strong showing has significantly boosted investor confidence, sparking increased interest and share purchases.
The stellar performance was announced during the company’s Annual General Meeting, where executives highlighted strategies underpinning the remarkable growth. The CAL Benefit Unit Trust, another product in the company’s portfolio, also delivered a commendable year-to-date return of 24.01% in 2024.
Chief Executive Officer James Elijah Donkor, speaking to Joy Business at the meeting, emphasised the company’s commitment to long-term value creation and prudent fund management.
“Our focus has been on diversified portfolio strategies, disciplined risk management, and aligning our investments with key growth sectors in the Ghanaian economy. Sustainability is at the core of our approach as we continue to prioritize both performance and investor trust,” Mr. Donkor stated.
The 2024 returns position Cal Asset Management as one of the top-performing asset managers in Ghana’s financial services sector. With consistent results and a growing client base, the firm aims to leverage its momentum to expand product offerings and deepen market penetration.
The investment community has taken note. Analysts suggest that such strong returns in a challenging macroeconomic environment signal solid fundamentals and effective management, further increasing the attractiveness of Cal’s investment products.
As the company looks ahead to 2025, investors are optimistic that Cal Asset Management will sustain its performance trajectory through strategic asset allocation and innovation in fund management.
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