Best Pension Funds in Nigeria for the month of February 2021

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Mutual funds are one of many fastest-growing asset courses in Nigeria, as information from the Security and Exchange Commission (SEC), reveals that 49.2% of the 118 registered funds recorded constructive development in January 2021.

A mutual fund is a kind of economic automobile made up of a pool of cash collected from numerous buyers, with the goal of investing them in securities like shares, bonds, cash market devices, and different property.

According to SEC, a complete of 118 mutual funds have been registered as of January 29, 2021, with a web asset worth of N1.57 trillion throughout a number of fund sorts.

Nairametrics tracked the efficiency of those mutual funds by evaluating the fund costs as of thirty first December, 2020 with the fund costs as of the final buying and selling day of January 2021.

Below have been the top-performing mutual funds within the month of January 2021. We additionally highlighted their efficiency when it comes to adjustments in web asset worth and included profiles of the funds as described on their web sites.

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Lotus Capital Halal ETF – Lotus Capital Limited (Exchange Traded Fund)

The Lotus Halal Equity Exchange Traded Fund “LHE ETF” is an open-ended fund that tracks the efficiency of the NSE-Lotus Islamic Index (NSELII). It is designed to allow buyers get hold of market publicity to the securities of the constituent firms of the NSE-Lotus Islamic Index and to duplicate the worth and yield efficiency of the index.

December thirty first, 2020

Fund Price – N12.73

January twenty ninth, 2021

Fund Price – N13.66

Return – 7.31%

Ranking – Fifth

Commentary: This is an Exchange Traded Fund by Lotus Capital Limited, which grew by 7.31% within the month of January. The fund additionally grew considerably by 51.7% within the 12 months 2020, indicating that the fund is a delight to its buyers. Also, the web asset worth stood at N655.04 million as of twenty ninth January, 2021, indicating 6.76% development in comparison with N613.59 million recorded as of thirty first December, 2020.

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Stanbic IBTC Aggressive Fund – Stanbic IBTC Asset Mgt. Limited (Equity Based Funds)

The Stanbic IBTC Aggressive Fund (SIAF), which was launched in June 2012, is an open-ended fund that invests a minimal of 60% of its portfolio in equities of firms listed on the Nigerian Stock Exchange (NSE) and a most of 40% in mounted earnings securities. Notably, the expense ratio for the fund is 1.5%.

December thirty first, 2020

Fund Price – N2,525.55

January twenty ninth, 2021

Fund Price – N2,713.93

Return – 7.46%

Ranking – Fourth

Commentary: Stanbic IBTC Aggressive Fund is the second-best performing Equity-Based fund within the month of January, rising by 7.46% to face at N2,713.93 as of twenty ninth of January, 2021. The web asset worth additionally grew by 7.43% to shut at N340.8 million.

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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 goal of the fund is to offer prospects with the chance to spend money on dollar-denominated devices. Meanwhile, the minimal quantity required to spend money on the fund is $1,000.

December thirty first, 2020

Fund Price – N415.1

January twenty ninth, 2021

Fund Price – N447.7

Return – 7.85%

Ranking – Third

Commentary: The mounted earnings fund managed by FSDH Asset Management, recorded development of seven.85% in January from N415.1 recorded as of the top of 2020 to face at N447.7 on the finish of January. The web asset worth grew by 18.41% to shut at N1.002 billion.


Paramount Equity Fund – Chapel Hill Denham Mgt. Limited (Equity-based Fund)

Paramount Equity Fund is Nigeria’s oldest mutual fund, which invests in a broad vary of high-quality equities and stuck earnings securities. The fund goals to offer an funding automobile that can allow unit holders to realize constant capital appreciation over a medium-to-long time period.

December thirty first, 2020

Fund Price – N16.27

January twenty ninth, 2021

Fund Price – N17.56

Return – 7.93%

Ranking – Second

Commentary: This is an Equity Based Fund managed by Chapel Hill Denham Management, which grew by 7.93% within the month of January 2021 to face at N17.56 as of twenty ninth of January 2021, whereas the web asset worth grew by 8.22% to face at N598.19 million.


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 offer buyers with a bias for Dollar denominated securities an entry to such securities, which ordinarily could be inaccessible to them by advantage of the minimal quantity sometimes required to make such investments.

December thirty first, 2020

Fund Price – N559.87

January twenty ninth, 2021

Fund Price – N502.9

Return – 11.33%

Ranking – First

Commentary: This is the perfect performing mutual fund within the month of January 2021 and the one fund with a double-figure yield within the month below assessment. Vantage Dollar Fund grew by 11.33% to face at N502.9 as of twenty ninth of January 2021 whereas the web asset worth additionally grew by 10.93%. This is sort of a powerful efficiency because the fund primarily invests in Corporate and Sovereign Eurobonds.


 

Bubbling below……

The following funds make up the remainder of the highest 10 our listing in ascending order:

AXA Mansard Equity Income Fund – AXA Mansard Investments Limited (Equity Based Fund)

Return – 6.69%

VETBANK ETF – Vetiva Fund Managers Limited (Exchange Traded Fund)

Return – 6.82%

PACAM Equity Fund – PAC Asset Management Limited (Equity Based Fund)

Return – 6.86%

Legacy Equity Fund – First City Asset Management (Equity Based Fund)

Return – 7.14%

VCG ETF – Vetiva Fund Managers Limited (Exchange Traded Fund)

Return – 7.16%

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