In the first quarter (Q1) of 2013, the Net Asset Value (NAV) of Collective Investment Schemes (CIS) under the supervision of the Securities and Exchange Commission (SEC) stood at N109.437 billion with the NAV of equity-based funds accounting for N42.119 billion.
For each fund in the CIS, the NAV is the value of the total assets of the fund less its liabilities.
The SEC tracks the value of these fund’s assets, their price level for investors to know their performances.
Looking specifically on the funds that contributed to the NAV level of equity based fund, it showed that Stanbic IBTC Nigerian Equity Fund closed with NAV of N14.922 billion; ARM Discovery Fund (N5.457bn); Coral Growth Fund (N3.717bn); Legacy Fund (N919.909m); Frontier Fund (N166. 913m); Denham Management.
Other equity-based funds are Millennium Fund (N23.291m); Paramount Equity Fund (N275.379m); UBA Equity Fund (N1.927bn); ARM Aggressive Growth Fund (N3.927bn); ACAP Canary Growth Fund (N1.355bn); Anchor Fund (N69.148bn); Bedrock Fund (N167.760m); Zenith Equity Fund (N4.331bn); Afrinvest Equity Fund (N509.681m); BGL Nubian Fund (N305.682m), and SIM Capital Alliance Fund (N4.043bn).
Money market fund accounted for N16.634 billion in NAV; followed by Bond Fund, which stood at N16.487 billion.
The NAV of Real Estate Fund in Q1’2013 was N16.078 billion; Balanced Fund closed the period with NAV at N10.826 billion; Ethical Funds at N6.921 billion; Umbrella Fund at N2.453 billion, while Exchange Traded Fund recorded NAV of N369.900 million as of March 28.