- Mutual funds are investment programs funded by shareholders and managed by professionals to trade in diversified holdings. They provide relatively risk-free investing as experts manage the investment portfolio.
- There are various mutual funds available across different sectors and markets. Examples include the Vanguard 500 Index fund, which invests in select companies in the S&P 500, and the Vanguard FTSE Global All Cap Index Fund GBP, which invests in global assets.
- Certain restrictions may apply to investing in mutual funds, such as tax deductibility and regional limitations for some funds that are only open to investors from specific countries or regions.
A mutual fund is an investment programme funded by shareholders and managed by investment professionals to trade in diversified holdings. Investing in mutual funds can be considered relatively risk-free since the investment portfolio is managed by experts.
Several mutual funds are available for investors across different sectors and cut across different markets like the US, European and Asian markets. For example, the Vanguard 500 index fund invests in select companies in the S&P 500. The Vanguard 500 Index has a YTD return of 6.38%.
However, there are certain restrictions to investing in these funds. Some investment funds for example have returns that are tax deductible and are only open to investors from a particular country or region.
Here is a list of great funds to invest in by country:
Nigeria:
- Stanbic IBTC Shariah Fixed Income Fund: The Stanbic IBTC Shari’ah Fixed Income Fund aims to provide ethically minded investors with liquidity and competitive returns by investing in quality Shariah-compliant securities such as Sukuks and other eligible fixed-term contracts. It is important to note that the minimum investment amount is N5,000.00.
- ARM Aggressive Growth Fund: The fund is managed by Nigerian investment company ARM. The fund does not guarantee fixed returns and the minimum investment amount is N50,000. It is considered high risk as they have high exposure to stocks(75% – 100%).
- United Capital Fixed Income Fund: The United Capital Fixed Income Fund is managed by FCMB and they invest 60% in the bond market and 40% in the money market. The Fund aims to achieve consistent income streams through investment in fixed-income securities with potential upside and moderate risk of capital loss.
United States
- Vanguard Value ETF: The fund is managed by top US fund manager Vanguard. According to Morningstar, a finance performance tracker, the fund is 17% up in just three years.
- Energy Select Sector SPDR ETF (XLE): Rosenbluth recommended this fund for his pick in the energy sector, due to it being “broadly diversified and relatively cheap.” The market-cap-weighted ETF includes energy companies in the S&P 500. Exxon, Chevron, and Marathon Petroleum are currently its top holdings.
Canada:
- Franklin Bissett Corporate Bond Active ETF: The fund is managed by the Franklin Templeton Group which trades on the Toronto Stock Exchange. It boasts of a 4.42% APR Year-to-Date and a 1.6% yield in five years.
- Scotia Partners Growth Portfolio: This fund currently has $3B in net assets and it is up 2.28% YTD.
- RBC European Equity Fund O: This fund is owned and managed by the Royal Bank of Canada and invests in a large blend of assets from stocks and bonds and is up 6.36% YTD.
United Kingdom:
- Vanguard FTSE Global All Cap Index Fund GBP: The fund is managed by investing giant Vanguard and currently has £2.2B in assets. The fund invests in global assets around the world.
- HSBC FTSE All-World Index Fund Accumulation C: The fund is classified as an open-styled global blend style by a money manager and was founded in 2014 by the British bank HSBC.
Include marble capital commodity halal fund.
I will Make Investment with any of these Companies?
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How about Blackrock mutual funds? Blackrock being ghe biggest fund house in the world