The KGF Explainer
The Kudy Guaranteed Fund (KGF) was created to meet the needs of investors who have very little risk appetite. For this purpose, the fund invested in safe bonds, which have a minimum rating of BBB-, indicative of a very low probability of default. To further alleviate any concerns investors had about the KGF, Kudy Financials assured investors that any loss incurred on KGF will be covered with the company’s equity.
The KGF was designed for investors who:
- Were looking to achieve short to medium-term capital preservation and income with low volatility
- Were interested in diversifying away from local currency devaluation
- And those planning for short to medium-term expenses.
The investment plan was designed to pay out periodic interest on a semi-annual basis while offering subscribers the option to reinvest all or a fraction of the returns earned within any half-year period. Like the Kudy Trust Fund, (KTF) the KGF was subjected to a minimum of $5,000 without limits on further investments. The plan also had a lock-in period of six (6) months with no handling charges or termination fees.
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So Long, KGF
Early this year, Kudy Financials decided to extend to the Kudy Eurobond Fund (KEF) some of the strategies it had employed in the KGF. The company set aside a certain amount of liquid assets to act as a buffer for the KEF. This, in addition to other dynamic insurance products such as credit default swaps, has since made the KEF more appealing to investors, and consequently rendered the KGF redundant. For this reason, the KGF is closing and will no longer be available from today, May 20, 2021. Clients who were previously subscribed to the KGF were advised of this change ahead of today and their funds have been moved to alternative investment plans as determined by them.
While the KGF will no longer be available, the Kudy Eurobond Fund and the Kudy Trust Fund are still viable investment opportunities. You can read about them here and here, respectively, and reach out to us via info@kudy.io if you have any inquiries, or simply register on our website at www.kudy.io to start investing.
