CAL Asset Management Company recorded robust investment performance across its flagship unit trusts in 2025. This strong showing was supported by Ghana’s improving macroeconomic conditions, easing inflation, a stronger cedi, and renewed investor confidence in the local stock market.
The company reported significant gains in both returns and assets under management for its CAL Advantage Balanced Unit Trust and CAL Benefit Fixed Income Unit Trust. These results highlight growing investor confidence in CAL Asset Management's investment strategies amid a more stable economic environment.
This performance aligns with a broader trend of economic recovery in Ghana. The country has seen a gradual return of investor confidence following efforts to stabilize the economy. Declining interest rates, for example, have encouraged a shift from fixed-income securities to equities, seeking higher returns. This movement reflects a positive outlook on the future performance of Ghanaian companies.
CAL Asset Management attributed the CAL Advantage Balanced Unit Trust's performance to strategic investments in listed companies. These include MTN Ghana, Ecobank Ghana, and GCB Bank. The Monetary Policy Committee's cumulative 900 basis points cut in the policy rate created a favorable environment for equity investments, according to the company.
The CAL Advantage Balanced Unit Trust, which invests in both equities and fixed-income instruments, generated a net annual return of 32.16% in 2025. The fund closed the year with a unit price of GHS 2.2211. Its assets under management surged to GHS 28.64 million, more than doubling from GHS 12.41 million recorded in 2024. This growth was driven by strong portfolio performance and increased investor inflows.
The CAL Benefit Fixed Income Unit Trust also posted an impressive performance, delivering an annual return of 19.22%. It ended the year with a unit price of GHS 1.8897. This fixed-income fund exceeded its benchmark, the average 364-day Government of Ghana Treasury Bill rate of 17.20%, by 202 basis points. This demonstrates the effectiveness of its investment strategy in a changing interest rate landscape.
Assets under management for the fixed-income fund climbed to GHS 54.10 million. This underscores sustained investor demand for lower-risk investment products. These products focus on preserving capital while generating stable income. CAL Asset Management stated that active portfolio management drove the fund’s performance. Investments were concentrated in longer-term Treasury bills and high-yield fixed deposits with institutions like Zenith Bank, Fidelity Bank, and First Atlantic Bank. This approach allowed the fund to secure attractive yields before further interest rate declines.
The strong performance of both funds suggests continued opportunities for investors in Ghana's evolving market. Decision-makers and market participants will closely watch how these positive trends impact broader economic growth. The diversified investment approach employed by CAL Asset Management positions it well to capitalize on Ghana's improving economic outlook. This also helps investors navigate changing market conditions effectively.