The stock boom this year delivered higher returns for equity-based mutual funds compared to last year. With a 10-month return of 161 percent from the Halo Equity Fund leading the charge, the data shows that 8 out of the top 10 funds were heavily focused on the stock market. Data from the Weekly Net Asset Value of the Securities and Exchange Commission (SEC) Nigeria showed that pure equity exposure outperformed all other diversified or balanced strategies. The top 10 performing mutual funds are led by Halo Equity Fund (161.00 percent),
The stock boom this year delivered higher returns for equity-based mutual funds compared to last year. With a 10-month return of 161 percent from the Halo Equity Fund leading the charge, the data shows that 8 out of the top 10 funds were heavily focused on the stock market. Data from the Weekly Net Asset Value of the Securities and Exchange Commission (SEC) Nigeria showed that pure equity exposure outperformed all other diversified or balanced strategies. The top 10 performing mutual funds are led by Halo Equity Fund (161.00 percent),