Nigerian mutual funds shrink first time in 5yrs
The Nigerian economy may have enjoyed growth last year following the ease in COVID-19 impact, but the mutual fund industry suffered its first decline in five years in 2021.
Asset managed…
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mutual fund
Mutual Funds: Nigeria’s Capital market operators laud SEC on custody
Capital Market Operators have commended the Securities and Exchange Commission (SEC) on its directive that clients’ funds for Mutual Funds should be domiciled with the custodian of the asset…
Mutual funds asset shed N220bn on demand for high yielding instruments
Dampened investors’ appetite for low yielding mutual fund instruments has cost the industry N220.77 billion worth of assets year-to-date for the period between January 8 to July 30 2021.…
StanChart provides investment solution for priority clients
Standard Chartered Bank (Nigeria) has launched a sophisticated Wealth offering that gives clients access to additional liquidity to meet their investment needs within the Bank.
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Risk-averse investors drive mutual fund AUM to N100bn in 2019
Nigerian mutual fund industry defied odds to post an asset under management (AUM) of almost N100 billion in the struggling 2019 economic year.
The country’s N85.42 billion AUM as at…