A Mutual fund (Unit Trust) is an investment vehicle managed by a SEC (Securities and Exchange Commission) registered Fund Manager. Investors with similar objectives buy units of the Fund so that the Fund Manager can buy securities
that willl generate their desired return.
An ETF (Exchange Traded Fund) is a type of fund which owns the assets (shares of stock, bonds, oil futures, gold bars, foreign currency, etc.) and divides ownership of those assets into shares. Investors can buy these 'shares' on the
floor of the Nigerian Stock Exchange
A REIT (Real Estate Investment Trust) is an investment vehicle that allows both small and large investors to part-own real estate ventures (eg. Offices, Houses, Hospitals) in proportion to their investments. The assets are divided into
shares that are traded on the Nigerian Stock Exchange.
Guide to Data:
Date: All fund prices are quoted in Naira as at 20-Mar-2018, unless otherwise stated
Offer price: The price at which units of a trust or ETF are bought by investors.
Bid Price: The price at which Investors redeem (sell) units of a trust or ETF
Yield / Total Return: Denotes the total return an investor would have earned on his investment. Money Market Funds report Yield while others report Year- to-date Total Return
NAV: is value per share of the real estate assets held by a REIT on a specific date
MERISTEM WEALTH MANAGEMENT LTD info@meristemwealth.com
Web: http://www.meristemwealth.com/funds/ ; Tel: +234 1-4488260
AFRINVEST ASSET MANAGEMENT LTD aaml@afrinvest.com Fund Name Bid Price Offer Price Yield / T-Rtn
Web: www.afrinvest.com; Tel: +234 1 270 1680 Meristem Equity Market Fund 16.03 16.18 13.76%
Fund Name Bid Price Offer Price Yield / T-Rtn Meristem Money Market Fund 10.00 10.00 14.17%
Afrinvest Equity Fund 187.42 188.13 5.44% PAC ASSET MANAGEMENT LTD info@pacassetmanagement.com
Nigeria International Debt Fund 241.55 242.27 4.40% Web: www.pacassetmanagement.com/mutualfunds; Tel: +234 1 271 8632
ALTERNATIVE CAPITAL PARTNERS LTD info@acapng.com Fund Name Bid Price Offer Price Yield / T-Rtn
Web: www.acapng.com, Tel: +234 1 291 2406, +234 1 291 2868 PACAM Balanced Fund 1.30 1.33 9.70%
Fund Name Bid Price Offer Price Yield / T-Rtn PACAM Fixed Income Fund 11.44 11.48 3.59%
ACAP Canary Growth Fund 0.86 0.87 4.13% PACAM Money Market Fund 10.00 10.00 13.46%
ACAP Income Funds 0.63 0.63 4.60%
AIICO CAPITAL LTD ammf@aiicocapital.com SCM CAPITAL LIMITED info@scmcapitalng.com
Web: www.aiicocapital.com, Tel: +234-1-2792974 Web: www.scmcapitalng.com; Tel: +234 1-280 2226,+234 1- 280 2227
Fund Name Bid Price Offer Price Yield / T-Rtn Fund Name Bid Price Offer Price Yield / T-Rtn
AIICO Money Market Fund 100.00 100.00 15.60% SCM Capital Frontier Fund 142.28 144.78 10.48%
ARM INVESTMENT MANAGERS LTD enquiries@arminvestmentcenter.com SFS CAPITAL NIGERIA LTD investments@sfsnigeria.com
Web: www.arm.com.ng; Tel: 0700 CALLARM (0700 225 5276) Web: www.sfsnigeria.com, Tel: +234 (01) 2801400
Fund Name Bid Price Offer Price Yield / T-Rtn Fund Name Bid Price Offer Price Yield / T-Rtn
ARM Aggressive Growth Fund N/A N/A N/A SFS Fixed Income Fund 1.53 1.53 3.36%
ARM Discovery Fund N/A N/A N/A STANBIC IBTC ASSET MANAGEMENT LTD assetmanagement@stanbicibtc.com
ARM Ethical Fund N/A N/A N/A Web: www.stanbicibtcassetmanagement.com; Tel: +234 1 280 1266; 0700 MUTUALFUNDS
ARM Money Market Fund N/A N/A N/A Fund Name Bid Price Offer Price Yield / T-Rtn
AXA MANSARD INVESTMENTS LIMITED investmentcare@axamansard.com Stanbic IBTC Balanced Fund 2,364.84 2,383.44 5.41%
Web: www.axamansard.com; Tel: +2341-4488482 Stanbic IBTC Bond Fund 180.21 180.21 2.13%
Fund Name Bid Price Offer Price Yield / T-Rtn Stanbic IBTC Ethical Fund 1.08 1.10 7.92%
AXA Mansard Equity Income Fund N/A N/A N/A Stanbic IBTC Guaranteed Investment Fund 228.98 229.07 3.98%
AXA Mansard Money Market Fund N/A N/A N/A Stanbic IBTC Iman Fund 193.35 195.52 7.96%
CHAPELHILL DENHAM MANAGEMENT LTD investmentmanagement@chapelhilldenham.com Stanbic IBTC Money Market Fund 100.00 100.00 14.88%
Web: www.chapelhilldenham.com, Tel: +234 461 0691 Stanbic IBTC Nigerian Equity Fund 10,305.79 10,446.78 6.58%
Stanbic IBTC Dollar Fund (USD) 1.08 1.08 1.89%
Fund Name Bid Price Offer Price Yield / T-Rtn UNITED CAPITAL ASSET MANAGEMENT LTD unitedcapitalplcgroup.com
Chapelhill Denham Money Market Fund N/A N/A N/A Web: www.unitedcapitalplcgroup.com; Tel: +234 803 306 2887
Paramount Equity Fund N/A N/A N/A Fund Name Bid Price Offer Price Yield / T-Rtn
Women's Investment Fund N/A N/A N/A United Capital Balanced Fund 1.34 1.36 0.73%
CORDROS ASSET MANAGEMENT LIMITED assetmgtteam@cordros.com United Capital Bond Fund 1.61 1.61 3.02%
Web: www.cordros.com, Tel: 019036947 United Capital Equity Fund 1.01 1.03 9.94%
Fund Name Bid Price Offer Price Yield / T-Rtn United Capital Money Market Fund 1.00 1.00 13.58%
Cordros Money Market Fund 100.00 100.00 15.23% United Capital Eurobond Fund 104.85 104.85 1.90%
CORONATION ASSEST MANAGEMENT investment@coronationam.com United Capital Wealth for Women Fund 1.12 1.13 3.10%
Web:www.coronationam.com , Tel: 012366215
The value of investments and the income from them may fall as well as rise. Past performance is a guide and not an indication of future returns. Fund prices published in this edition are also available on each fund manager’s website
and FMAN’s website at www.fman.com.ng. Fund prices are supplied by the operator of the relevant fund and are published for information purposes only.