Thursday, February 2, 2023
No Result
View All Result
SUBSCRIBE
eNaira Online News
  • Home
  • eNaira
  • Capital Market
  • Business
  • Finance
  • Banking
  • PF
  • Companies
  • Crypto
  • Real Estates
  • Opinion
  • Home
  • eNaira
  • Capital Market
  • Business
  • Finance
  • Banking
  • PF
  • Companies
  • Crypto
  • Real Estates
  • Opinion
eNaira Online News
No Result
View All Result

Best performing Nigerian mutual funds in February 2022

by e-Naira Online News
March 18, 2022
in Finance
Reading Time: 5 mins read
A A
0
Home Finance
Share on FacebookShare on Twitter


Fixed income and equity-based funds led the list of best performing mutual funds in the month of February 2022 as GDL Income funds, AXA Mansard Equity Income Fund, and Coronation Fixed Income Fund ranked top three mutual funds with highest returns in the review month.

The industry’s Net Asset Value rose by N47.52 billion in the month under review to stand at N1.37 trillion compared to N1.33 trillion recorded as of the end of the previous month. The increase in the Net Asset Value (NAV) is attributed to the N20.57 billion increase recorded in bonds/fixed income funds and the N19.19 billion increase in money market funds.

According to the data from the Securities and Exchange Commission (SEC), 63.6% of the listed 121 mutual funds recorded positive returns in the review month, 29.8% of the funds remained flat, while 6.61% of the listed funds printed losses. However, on the average, the market recorded a 1.1% positive ROI in the month under review.

Below is the list of the best performing mutual funds in February 2022, based on their returns and performance in terms of changes in net asset value, comparing value as of 25th February 2022 to that of 28th January 2022. The report also includes a profile of the funds as described on their websites.


Stanbic IBTC Ethical Fund – Stanbic IBTC Asset Mgt. Limited

The Stanbic IBTC Ethical Fund is an ethical fund that aims to achieve long term capital appreciation by investing a minimum of 70% of the portfolio in listed equities of socially responsible companies quoted on the Nigerian Stock Exchange (NSE) and a maximum of 30% in high quality fixed income securities.

The Stanbic IBTC Ethical Fund is an open-ended fund that mitigate investment risks by investing across a diverse range of assets thus avoiding concentration risk.

28th January 2022

Fund Price – N1.30

25th February 2022

Fund Price – N1.35

Return – 3.8%

Ranking – Fifth

The Stanbic IBTC Ethical Fund recorded a 4.6% increase in its net asset value, moving marginally from N1.57 billion recorded as of 28th January 2022 to N1.64 billion as of 25th February 2022.


Anchoria Equity Fund – Anchoria Asset Management Limited

The Anchoria Equity Fund is an open-ended fund registered to be a collective investment scheme, which seeks to invest primarily in quoted equities (minimum of 75%) and fixed income securities (maximum of 25%). The Fund does not invest in unquoted equity securities.

According to the information on the company’s website, the Anchoria Equity Funds seeks to deliver real returns and achieve long term capital appreciation of its assets by investing in a diversified pool of grade equities and fixed income securities.

28th January 2022

Fund Price – N142.67

25th February 2022

Fund Price – N148.26

Return – 3.9%

Ranking – Fourth

The net asset value of Anchoria Equity Fund increased marginally by 4.3% in February to N452.27 million compared to N433.67 million recorded as of 28th January 2022, to stand in fourth position.


Coronation Fixed Income Fund – Coronation Asset Management

The Coronation Fixed Income Fund is an open-ended Fund that seeks to achieve an efficient balance between capital appreciation and income for investors. The fund achieves its investment objectives by investing in medium to long-term FGN, Subnational and Corporate Bonds and other eligible fixed income securities.

The Coronation Fixed Income Fund adopts and maintains an investment strategy that is designed to ensure a steady return on capital and assured liquidity.

28th January 2022

Fund Price – N1.43

25th February 2022

Fund Price – N1.50

Return – 4.8%

Ranking – Third

The fund’s net asset value closed at N678.7 million as of 25th February 2022 from N1.08 billion recorded as of the previous month. This represents 37.4% decline in the net asset value.


AXA Mansard Equity Income Fund – AXA Mansard Investments Limited

The AXA Mansard Equity Income Fund is aimed at investors with high-risk appetite seeking income and strong potential for capital growth through an array of stocks. It is also targeted at investors who wish to reduce concentration risk and benefit from diversification and professional management.

According to the information on the company’s website, the fund is best suited to long-term investors with a relatively high appetite for risk assets.

28th January 2022

Fund Price – N136.74

25th February 2022

Fund Price – N143.46

Return – 4.9%

Ranking – Second

The price of AXA Mansard Equity Income Fund gained 4.9% in the review period, to stand as the second-best performing mutual fund in February 2022. On the other hand, the net asset value dropped marginally by 1.7% to close at N246.45 million from N250.83 recorded as of the end of January 2022.


GDL Income Fund-Growth & Development Asset Management Limited

The GDL Income Fund is an Income-Based mutual fund, which is open to strategic but risk averse investors- High Net worth Individuals, Pension Fund Administrators, Insurance Companies, Mortgage and Microfinance Banks, Endowment Funds, Family & Trust Funds, Educational centers, Charity Organizations, Religious Houses, Company Co-operatives & Staff Schemes and Federal, State & Local Governments including their investment companies.

The GDL Income Fund is capital preservative and can be used as liquid security or collateral for borrowings. Returns on investment are not subject to withholding tax. Minimum investment is 50,000 units.

28th January 2022

Fund Price – N0.76

25th February 2022

Fund Price – N0.90

Return – 18.3%

Ranking – First

The GDL Income Funds is the best performing fund in February 2022 managed by Growth & Development Asset Management Limited, having gained 18.3% in price. The fund recorded a marginal increase in its investors’ subscription as the net asset value rose N20.2 million as of the previous month to N23.9 million in the month under review.


What you should know about mutual fund

  • Mutual Funds are investment entities that pool funds from a number of investors and invest those funds in diversified portfolio securities such as equities, stocks, bonds, money market instruments and similar assets.
  • They allow you pool your money with other investors to “mutually” buy stocks, bonds, and other investments.
  • Mutual Funds are operated by professional money managers who decide which securities to buy (stocks, bonds, etc.) and when to sell them.
  • You get exposure to all the investments in the fund and any income they generate.
  • It also offers a wide variety of investment strategies and styles.

Related



Source link

Tags: FebruaryfundsmutualNigerianperforming
Previous Post

Victor Adeniji resigns as Independent Non-Executive Director of Berger Paints Plc

Next Post

Hello world!

Related Posts

Finance

Two Stocks Trigger 0.05% Loss At Unlisted Stock Exchange

by e-Naira Online News
February 2, 2023
Finance

Tinubu distancing self from APC’s failure —Atiku’s aide

by e-Naira Online News
February 2, 2023
Finance

MTN Declares N10 Per Share Dividend As Revenue Hits N2.0trn

by e-Naira Online News
February 1, 2023
Finance

FG not fighting corruption to impress anyone — Mohammed

by e-Naira Online News
February 1, 2023
Finance

NDEP, Geo-Fluids Lift OTC Bourse by 0.06%

by e-Naira Online News
February 1, 2023
Next Post

Hello world!

Dangote fertiliser plant and other fertilizer plants operating in Nigeria 

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest

British American Tobacco earns alliance for Water Stew — Opinion — The Guardian Nigeria News – Nigeria and World News

January 29, 2023

Crypto Bank Custodia Denied Membership in US Federal Reserve System – Finance Bitcoin News

January 29, 2023

CAP full year PBT rises by 79% to N3.1bn

January 27, 2023

UNCTAD, Islamic Development Bank unite over sustainable investment — Business — The Guardian Nigeria News – Nigeria and World News

January 29, 2023

Guinness grows half year gross profit by 16%

January 27, 2023

Nigeria, others to meet over development in oil sector | The Guardian Nigeria News

January 27, 2023

Vitafoam Plc advocates special FX window for manufacturing sector

January 28, 2023

NIMASA plots CVFF disbursement strategy with banks — Business — The Guardian Nigeria News – Nigeria and World News

January 29, 2023

Two Stocks Trigger 0.05% Loss At Unlisted Stock Exchange

February 2, 2023

Tinubu distancing self from APC’s failure —Atiku’s aide

February 2, 2023

Why rail sector remains moribund, has no profit in 59 years | The Guardian Nigeria News

February 2, 2023

Nigerian universities and the noise of advancing ideas

February 2, 2023

Moody’s downgrades Nigerian banks’ rating

February 1, 2023

8 Black Financial Influencers You Ought to Follow

February 1, 2023

Despite deadline extension, crowds besiege banks amid scarcity of new notes

February 1, 2023

Federal Reserve Raises Benchmark Interest Rate by 0.25%, Disinflationary Process ‘Early,’ Says Powell  – Economics Bitcoin News

February 1, 2023

Get the free newsletter

eNaira Online News

Get the latest news and follow the coverage of eNaira, Business & Financial, Stock Market, Analysis, and more from the trusted sources.

CATEGORIES

  • Banking
  • Business
  • Capital Market
  • Companies
  • Crypto
  • eNaira
  • Finance
  • Opinion
  • Personal Finance
  • Real estate
  • Uncategorized
No Result
View All Result

GET THE FREE NEWSLETTER

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 e-Naira Online News.
e-Naira Online News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • eNaira
  • Capital Market
  • Business
  • Finance
  • Banking
  • PF
  • Companies
  • Crypto
  • Real Estates
  • Opinion

Copyright © 2022 e-Naira Online News.
e-Naira Online News is not responsible for the content of external sites.