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Home Markets Fixed Income Funds Management

Lotus Halal Investment Fund posts a 4.49% return

Uche Ndimele by Uche Ndimele
July 24, 2018
in Funds Management, Markets
Lotus Capital

Hajara Adeola, CEO of Lotus Capital. Photo: CNN

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Lotus Halal Investment fund, the flagship fund for Lotus Capital Asset Management posted a YTD return of 4.49% in June, representing annualized return of 9%.

This performance pales in the sight of its 2017 corresponding period return of 8.49% or annualized return of 17%. The fund which was launched in August 2008 and currently worth N2.46 billion has made a 29% since inception.

Most of the gain made so far in 2018 came from the funds investments in asset backed securities as the Nigeria equity market faltered in the second quarter of the year. The equity market saw a poorly performing Q2 due to less than expected corporate earnings results as well as increase in political risk.

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Also to blame for the markets poor performance is the gradual exit of foreign portfolio investors as a result of the US Fed’s increase of interest rate and as a risk management strategy for the anticipated uncertainties of the forthcoming 2019 elections in Nigeria. All these factors culminated into the broad Nigerian Index, the Allshare Index losing a whopping 7.7% to end the quarter with a sorry .09% return

Though Q2 was not too good generally, Lotus Halal Investment fund managed to gather a total return of 2.17% to close the quarter with a Net Asset Value, NAV, per unit of N1.21. The fund’s YTD performance was however buoyed by dividend of N1.26 per unit representing a dividend yield of 4.1% declared and paid in January 2018

It takes a minimum of N5,000 initial capital to invest in the fund with subsequent investments in the multiples of N1,000. The fund has an expense ratio of 2.14% and charges 30% performance fee. Although no performance fees are chargeable or payable in the event of a loss in any financial year, it does not seem that the fund has a claw back provision where investors can recoup on past losses.

The Fund is said to be suitable for individuals and institutional investors as well as Pension Fund Administrators (PFAs) seeking long term capital growth through Shari’ah compliant ethical investments.


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Tags: Lotus Capital Asset ManagementLotus Halal Investment Fundpension funds
Uche Ndimele

Uche Ndimele

Uchenna Ndimele is the President of Quantitative Financial Analytics Ltd. MutualfundsAfrica.com and mutualfundsnigeria.com (both Quantitative Financial Analytics company website) is a leader in supplying mutual fund information, analysis, and commentary on African mutual funds. We provide reliable fund data; and ratings information that will add value to fund managers, the media, individual investors and investment clubs.

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Comments 4

  1. EBENEZER OJOR says:
    April 11, 2019 at 6:00 pm

    I’m an investor since 2008. Have not earned anything since then except boring analysis. 10 years plus is enough for one to start enjoying dividends of his investment. Even if I redeem my investment today, I will lose. Waoh!

    Reply
  2. Anonymous says:
    April 21, 2019 at 9:42 pm

    Thanks for your comment. Get in touch with the fund manager, they have been paying dividends, the last was was paid on January 6th 2016, https://www.lotuscapitallimited.com/index.php/78-news/150-halal-dividend

    Besides, they are rewarding their long standing investors with some free shares, check it out on their website

    Good luck

    Reply
  3. uchey ndimele says:
    April 21, 2019 at 9:42 pm

    Thanks for your comment. Get in touch with the fund manager, they have been paying dividends, the last was was paid on January 6th 2016, https://www.lotuscapitallimited.com/index.php/78-news/150-halal-dividend

    Besides, they are rewarding their long standing investors with some free shares, check it out on their website

    Good luck

    Reply
  4. Shamsuddeen musa says:
    January 21, 2020 at 12:43 am

    Comment:my name is Shamsuddeen musa I bought 20000 lotus capital halal Shares back in 2008 .Pls i want know the current market value of our shares thank you…

    Reply

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