Coronation Asset Management targets Nigeria stock rally with new equity fund

Coronation Asset Management has launched the Coronation Equity Fund, an open-ended collective investment scheme aimed at helping investors benefit from the long-term growth potential of the Nigerian equities market amid a sustained stock market rally.

The launch comes as the Nigerian Exchange (NGX) continues to record strong gains driven by improved corporate earnings, macroeconomic reforms and renewed investor confidence.

The offer opened on May 11, 2026, with a minimum subscription of N50,000 and additional investments in multiples of N5,000. Investors are also required to maintain a minimum holding period of 180 days.

According to the firm, the NGX All-Share Index delivered a 51.19 percent year-to-date return in 2025, reaching historic highs and reinforcing investor appetite for equities.

The Coronation Equity Fund is structured for investors seeking professionally managed exposure to Nigerian equities over the long term, rather than short-term market cycles.

Aigbovbioise Aig-Imoukhuede, managing director of Coronation Asset Management, said Nigeria’s market continued to reward disciplined investors.

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“Nigeria continues to reward patient, disciplined investors. The Coronation Equity Fund exists for those who are building something that lasts — wealth that compounds over time, guided by rigorous research and active portfolio management. Our role is to help clients transform their financial aspirations into enduring legacies,” he said.

The firm said the Fund would invest at least 70 percent of its assets in listed Nigerian equities, while retaining flexibility to hold fixed-income and money market instruments for liquidity management.

Investment decisions, according to the company, will be driven by a bottom-up stock selection process that evaluates companies based on individual fundamentals rather than sector or index weighting.

Subscriptions can be completed through the Coronation Wealth App, or via physical subscription forms available at Coronation Plaza in Lagos.

The Fund is custodied by Access Bank Plc and held in trust by Paxhill Minerva Limited under the regulatory oversight of the Securities and Exchange Commission Nigeria.

Coronation Asset Management said the launch aligns with its broader strategy of expanding managed funds and portfolio services, while helping investors navigate the market through long-term, research-driven investment strategies.

The company noted that the Fund carries a high-risk equity-focused profile, adding that returns are market-driven and not guaranteed. Early redemptions before the 180-day holding period attract a 1.5 percent penalty fee.

Hope Moses-Ashike

Hope Moses-Ashike is an Associate Editor, Banking and Finance, with more than a decade of experience reporting on Nigeria’s financial system and broader economy. She closely tracks market movements, monetary policy decisions, company disclosures, regulatory actions, economic indicators, and global developments, and interprets what they mean for businesses, investors, policymakers, and households. Her reporting helps readers understand complex issues such as inflation trends, foreign exchange market dynamics, interest rate decisions, bank performance, and investment risks. She also covers major international events and periodically travels to Washington, D.C., to report on the World Bank/IMF Spring and Annual Meetings. Her dedication to financial journalism has earned her multiple recognitions and invitations to high-level professional development programmes. She is an alumna of the International Visitors Leadership Programme (IVLP) in the United States and holds an Advanced Financial Journalism Certificate from the Press Association Training in London, UK. Her other notable achievements include completing the Lagos Business School CMC Programme, the Bloomberg Media Africa Initiative Programme, and a Master Class in Journalism at Rhodes University in South Africa.