The recent trends in mutual fund in Nigeria

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Bash888
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Location: Kontagora
 

July 10th, 2021, 10:42 am

We have written quite a bit about mutual funds in the past, as a viable product option, especially for retail investors.

They are essentially collective investments professionally managed on behalf of various investors from whom money is pooled and which offer diversification at reduced costs as a key attribute.

For decades, mutual funds have had worldwide popularity and according to the Investment Company Institute, represent over 20% of total global assets under management. Unfortunately, a lot of Nigerians are not taking full advantage of its benefits.


Today, we take a look at its performance in Nigeria over the past months, dissecting the different fund types and how investors have responded to macroeconomic sentiments and the knock on effects of the equity and fixed income markets.

2021 Data
Mutual funds in Nigeria saw their total net asset values (NAV) declined by 8.54% in the first 4-months of 2021.

Data obtained from the Securities and Exchange Commission (SEC) revealed that the total NAV of the 106 mutual funds declined from N1.48 trillion as of 31st December 2020 to N1.36 trillion as of 30th April 2021.
https://www.vanguardngr.com/2021/07/rec ... n-nigeria/

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Coded20
VIP VIP
Location: Ondo
 

July 10th, 2021, 11:46 am

Ok noted thanks
No Love💔 In The City Just Make Money🤑 And Pray Not To Die Young🙏
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