MUTUAL FUNDS

United Capital Asset Management West Africa Limited (UCAMWAL) has launched two new mutual funds, the UCAMWAL Bond Fund and the UCAMWAL Diversified Fund, in Abidjan, Côte d’Ivoire. The funds are designed to provide sophisticated yet accessible wealth management solutions to investors throughout Francophone West Africa. The UCAMWAL Bond Fund is...

United Capital Asset Management (UCAML), a leading asset management company and subsidiary of United Capital Group, has announced the official launch of its latest mutual fund – The Children Investment Fund (CIF) at an event in Lagos on Monday. The Children Investment Fund is a naira-denominated, open-ended mutual fund designed...

Pan- African credit rating agency, Agusto & Co has upgraded the rating of EDC Nigeria Money Market Fund (‘EDC MMF’ or ‘the Fund’) to A(f). Funds rated ‘A(f)’ are deemed to have low to moderate exposure to downside risk, impairment of net asset value in the medium term. EDC MMF...

Coronation Asset Management on Tuesday said the country’s total mutual funds rose by 305 per cent in four years. Mr Guy Czartoryski, Head of Research, Coronation Asset Management, disclosed this at the virtual launch of its report titled: “The Shifting Appetite of the Nigerian Investor: From Savings to Mutual Funds.”...