A quick look at Money Market and Shari’ah Compliant funds in Q2

view original post

The total money market funds net asset value (NAV) stood at ₦586.94 Billion from ₦612.4 Billion recorded in May 2022, representing a decline of -4.16% in the NAV of total money market funds in the industry. The Money Market Fund still holds the most market share with 41.95% of the mutual fund industry.

As of the 1st of July 2022, there were 127 mutual funds registered with the Commission. Bonds/fixed income funds and money market funds populated the list of registered funds, while infrastructure funds and Shari’ah compliant funds trailed in small numbers. Of the 127 listed funds, 36.2% recorded a decline: in their unit prices, 33.9% recorded positive returns, while 29.9% maintained their initial value.

Here is a snapshot of the money market fund performances in June 2022.

For money market funds;

SEC (Securities and Exchange Commission) Report as of 1st July 2022

For Shari’ah compliant funds

News continues after this ad


SEC (Securities and Exchange Commission) Report as of 1st July 2022

Related Posts