Tag: Mutual Funds

Mutual Funds' investment hits N2.3trn over high interest rate
News

Mutual Funds’ investment hits N2.3trn over high interest rate

Melvin Onwubuke Mutual Fund is one of the few asset classes that were able to perform overtime amidst inflation and economic uncertainty in Nigeria. In January 2024, the total net asset value of Mutual Fund investments increased by 76.9 per cent to N2.3 trillion from N1.32 trillion in the corresponding period for 2023 year on […]

Mutual funds investments hit 41.2% - Report
Business

Mutual funds investments hit 41.2% – Report

Despite rising rates in mutual fund investments, a recent report revealed that more investors are now shifting their funds to this class of assets, resulting in a substantial increase in the portfolio. Vanguard reported that the total value of assets in mutual funds increased Year-over-Year, by 41.2% to N2.1 trillion in the 10 months ending October 20, […]

Mutual funds investment hits N1.87trn in Q1 2023
Business

Mutual funds investment hits N1.87trn in Q1 2023

The total value of mutual fund investments increased by 33.1% year on year, YoY, to N1.87 trillion in the half year ending June 2023, H1’23, from N1.41 trillion at the same time in 2022, H1’22. Vanguard reported that the high-interest rate on fixed-income securities, the stock market’s upswing, and growing public knowledge of the advantages […]