Mutual funds
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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%

NAME OF FUND
NAV AS AT MARCH 29 2018
NAVPS
AS AT MARCH 29 2018
NAV AS AT APRIL 6 2018
NAVPS
AS AT APRIL 6 2018
NAVPS RETURN
UPDC Real Estate Investment Fund
30,417,318,246.29
11.40
30,678,857,195.25
11.50
0.86%
SFS Fixed Income Fund
1,547,359,266.41
1.54
1,569,933,434.19
1.550.65%
Coral Growth Fund
2,094,171,301.11
3,160.38
2,107,392,928.78
3,180.16
0.63%
Stanbic IBTC Bond Fund
1,105,654,473.99
180.11
1,109,015,170.77
181.180.59%
United Capital Bond Fund
452,774,445.14
1.61
455,135,589.89
1.62
0.48%
Lead Fixed Income Fund
264,233,995.67
120.97
266,661,139.57
121.51
0.44%
FBN Fixed Income Fund
5,222,749,812.25
1,196.79
5,239,169,064.39
1201.84
0.42%
FBN Heritage Fund
3,672,987,157.36
147.86
3,676,875,134.63
148.46
0.41%
PACAM Fixed Income Fund
52,390,969.78
11.53
52,652,438.71
11.57
0.38%
Stanbic IBTC Guaranteed Investment Fund
5,794,195,312.70
230.04
5,816,598,219.27
230.82
0.34%
Onome Ohwovoriole has a degree in Economics and Statistics from the University of Benin and prior to joining Nairametrics in December 2016 as Lead Analyst had stints in Publishing, Automobile Services, Entertainment and Leadership Training. He covers companies in the Nigerian corporate space, especially those listed on the Nigerian Stock Exchange (NSE). He also has a keen interest in new frontiers like Cryptocurrencies and Fintech. In his spare time he loves to read books on finance, fiction as well as keep up with happenings in the world of international diplomacy.

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