To begin investment as an institutional investor, a minimum of $100,000 is required for a minimum tenor of 180 days.Ĭommentary: The FBNQuest Asset Management Limited bond funds created for institutional investors is the fourth in the list best performing fund in the month of February, growing its unit price by 4.09% and net asset value by 4.41% from N578.37 million in January 2021 to N603.85 million in February 2021. 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. The net asset value of the fund increased by 7.81% from N4.62 billion as of 29th January 2020, to N4.98 billion as at end of February 2021.įBNQuest Asset Management Limited – Institutional (Bond Funds) The unit price appreciated by 4.08%, closely behind the growth of the institutional bond fund managed by the same asset manager. To get started as a retail investor, a minimum investment of $2,500 is required and the minimum holding period is 180 days.Ĭommentary: The retail bond fund package of FBNQuest Asset Management Limited performed as the fifth-best fund in February 2021. Investments can be made into this fund by both retail and institutional investors. 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. We also highlighted their performance in terms of returns and changes in net asset value and included profiles of the funds as described on their websites.įBNQuest Asset Management Limited – Retail (Bond Funds) Other funds recorded losses with the money market fundrecording the highest loss of 7.09% in net asset value during the month.īelow are the top-performing mutual funds in the month of February 2021. The infrastructure bonds sustained their value in January, recording no change in the month. In the wake of conveying an amazing development of 51.6% in 2020 and commencing 2021 with a negligible decrease of 0.13% in January, the complete net resource estimation of the enlisted common assets additionally declined further by 0.94% among January and February 2021.Īs per SEC, the complete net resource estimation of the 118 enrolled shared assets in Nigeria was N1.56 trillion across the 9 common asset types offered as of February 26, 2021.Ī comparison of the performance of the fund types month-on-month indicated that despite the fall in total net asset value at the end of February, real estate bonds’ net asset value grew by 17.48%, exchange traded bonds by +11.72%, fixed income funds by +5.27% while the bond funds grew by +1.26%. Common assets have consistently been considered as a decent elective venture opportunity, especially for retail financial backers since it gives them admittance to expanded and expertly oversaw portfolios at a low cost.
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