Data from the Securities and Exchange Commission (SEC) website shows the Net Asset Value (NAV) of mutual funds increased by 2.49% from N529 billion for the week ended March 29, 2018 to N542 billion for the week ended April 6, 2018.
Equity and money market funds delivered largely negative returns, while bond and fixed income funds had the best returns.
Here is a look at the 3 best performing funds:
3rd Best Performing Fund
Name of Fund – Stanbic IBTC Bond Fund
Who are the Fund Managers – Stanbic IBTC Asset Management
Type of Fund – Bond Fund
NAV Increase – 0.59%
2nd Best Performing Fund
Name of Fund – SFS Fixed Income Fund
Who are the Fund Managers – SFS Capital Ltd
Type of Fund – Fixed Income Based Fund
NAV Increase – 0.65%
Best Performing Fund
Name of Fund – UPDC Real Estate Investment Fund
Who are the Fund Managers – FSDH Asset Management Ltd
Type of Fund – Real Estate Fund
NAV Increase – 0.86%
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