Data from the Security and Exchange Commission (SEC) says there are 73 Mutual Funds in the country as at March 29, 2018.
The Mutual Funds are further segmented into categories such as Equity-Based Mutual Funds, Fixed Income Security Funds, Money Market Funds, Bond Funds, Mixed Funds and Real Estate Funds.
Investors in these array of funds expect periodic growth in the fund’s Net Asset Value in line with their investment goals.
Criteria for selection
In this analysis, we looked at Fund Performance between the period of December 29, 2017, and March 29, 2018, to arrive at our list of top performers.
Unlike our previous analysis where we focused on the Fund Value, this time, we preferred to use the Net Asset Value Per Share (NAVPS). We believe it is a better measure of fund performance as it adjusts for the number of units that have claim to the value of a fund. It also adjusts for potential new inflows into the fund, which could contribute to the increase of a fund’s value over time. The higher the NAVPS the better the performance of the fund.
These are the top performers for the first quarter of 2018 (in ascending order)
3rd Best Performing Fund
Name of Fund – Stanbic IBTC Aggressive Fund
Who are the Fund Managers – Stanbic IBTC Asset Management
Type of Fund – Equity-Based Fund
NAV Increase – 12.6%
2nd Best Performing Fund
Name of Fund – EDC Fixed Income Fund
Who are the Fund Managers – EDC Fund Management Ltd
Type of Fund – Fixed Income Based Fund
NAV Increase – 12.8%
Best Performing Fund
Name of Fund – Meristem Equity Market Fund
Who are the Fund Managers – Meristem Wealth Management Ltd