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MONEY MARKET FUND
RT Briscoe Nigeria Plc is proud to announce the launch of its first-ever fund, the "R.T. Briscoe Savings and Investment Fund", following approval from the Securities and Exchange Commission (SEC).
Bonds/fixed income funds and money market funds populated the list of registered funds, while infrastructure funds and Shari'ah compliant funds trailed in small numbers.
There is no doubt that Nigerians are in love with money market mutual funds considering the size of money market funds in relation to the entire mutual funds in Nigeria.
Money market fund has recorded the highest investment of N563.9 billion as the value of mutual fund investments hit N746.5 billion at the end of May 2019.
Introduction A money market fund is an open-ended mutual fund that invests in short-term debt securities characterized by...