Databank’s EPACK investment product is 20 years old.
Established on October 19, 1996 as the first-ever mutual fund in Ghana, the EPACK is the acronym – using the first name initials of its five founders – Evelyn Walter-Ofei, Phyllis Clottey, Angelina Ammah, Caroline Awere and Kingsley Bentum, who were all employees of Bank of Ghana and first investors into the Fund.
“With an overriding aim of realising significant returns on investor’s capital over the long term, Epack was established as an equity mutual fund. To achieve its goal, the fund has over the years employed a pan-African approach to investing by purchasing shares of companies listed on various stock markets across Africa,” a statement from Databank said.
The statement said from 1996 till date, Epack had helped numerous Ghanaians grow their wealth and relished many success stories. With a return of more than 26,000% cumulatively as at December 31, 2015, Epack has significantly outperformed The Ghana Stock Exchange, which returned approximately 5,200% over the same period.
Equities are said to be the best-performing asset class in the long term. Investing in a fund like Epack, which has equities as its underlying investment, offers chances that will outperform any other asset class over the long term. For 20 years, Epack has outpaced every other money market, fixed-income, balanced and equity investment in Ghana.
Source: Ghana/AccraFM.com
