Retail investors have particularly considered Mutual Funds to be a good alternative investment opportunity due to access to portfolios that are diversified and professionally managed by investment firms. However, for the first quarter of 2021, Mutual Funds in Nigeria were recorded to have a dwindling performance with 59 funds declining, 34 remaining flat and only 25 having positive growth.
According to Nairametrics, the top 5 best performing mutual funds from Q1 are as follows:
- FBNQuest Asset Management Limited – Retail (Bond Funds)
The FBN Nigeria Eurobond is a fixed income mutual fund that invests in the US Dollar-denominated debt instruments issued by the Nigerian government and reputable corporate institutions.
Return from 31st December 2020 to 1st April 2021 – 4.87%
- FBNQuest Asset Management Limited – Institutional (Bond Funds)
The FBN Nigeria Eurobond (USD) designed for institutional investors is also invested in US Dollar-denominated debt instruments issued by the Nigerian government and reputable corporate institutions and managed by FBNQuest Asset Management Limited.
Return from 31st December 2020 to 1st April 2021 – 4.86%
- FSDH Dollar Fund – FSDH Asset Management Ltd. (Fixed Income Funds)
This is an open-ended mutual fund that invests in US Dollar denominated Fixed Income Securities issued by Nigerian Sovereign and Corporate Entities. The objective of the fund is to provide customers with the opportunity to invest in dollar-denominated instruments.
Return from 31st December 2020 to 1st April 2021 – 3.94%
- Vantage Dollar Fund – Investment One Funds Management (Fixed Income Fund)
Vantage Dollar Fund is an open-ended Unit Trust Scheme by Investment One Funds. The Fund seeks to provide investors with a bias for Dollar-denominated securities and access to such securities, which ordinarily would be inaccessible to them by virtue of the minimum amount typically required to make such investments.
Return from 31st December 2020 to 1st April 2021 – 3.19%
- ARM Ethical Fund – Asset & Resources Mgt. Company Ltd. (Ethical Funds)
The ARM Ethical Fund is suitable for Islamic investors who want long-term capital growth by investing strictly according to the principles of Islamic finance and ethical values. The Fund invests only in investments screened by a Shari’ah Advisory Board.
Return from 31st December 2020 to 1st April 2021 – 3.06%
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