The combined assets of mutual funds in Nigeria decreased by N1.5billion, or 1.34 percent, to N185.5 billion in August, according to data released by the Nigerian Security and Exchange Commission (SEC) for the week ending August 29th 2014.
Lotus Capital has rolled out the Lotus Halal Equity Exchange Traded Fund “LHE ETF”. The open-ended fund which is open for subscription between August 15th and September 11th is intended to track the performance of the NSE-Lotus Islamic Index (NSE-LII).
The Nigerian market has been more bearish than bullish in recent times resulting in sell offs. One is apt to ask to what extent the perception in the market reflects on the mutual funds. One way to gauge this is by looking at the flow trend in the mutual funds. Nigerian mutual fund investors were net sellers in the week that ended on August first 2014. An analysis of data released by the SEC shows that in total, about N879.04 million worth of funds while injecting about N406.43 million, thereby leaving a net sale of about N399 million.
There are several classes of mutual funds that you can opt for in the market today, and indeed this is a bewildering choice. We have analyzed a few types of funds to give you a better sense of which funds might be reasonably expected to do better in the long run.
Mutual funds are one of the best ways to invest one's money, given the sheer number of choices catering to every type of investor preference, the fact that one need not monitor the investments on a minute to minute basis (unlike if one's investments were directly made into securities), and the ability to diversify one's portfolio without high initial capital. Equity funds, Debt funds, Money market funds, balanced funds are some of the different kind of funds under mutual fund.
Afrinvest Asset Management Limited, managers of The Nigeria International Debt Fund has notified The Nigerian Stock Exchange (NSE) that the Trustees of the Fund has approved the distribution of N44,171,877.51 (Forty-four million, one hundred and seventy o
In general, Mutual Funds remain one of the professionally managed investment schemes for pooling funds from various investors together in order to purchase securities. Most mutual funds are "open-ended," and this implies that stockholders can buy or sell
Mutual Funds as explained in a recent published article Mutual Funds and their objectives come with attractive benefits which make them a popular investment vehicle in recent time. Some of these benefits are the reasons why one should consider investing