The
Nigerian mutual fund industry has expanded 23.6 percent to N186.5bn, going by
the latest official asset size values released by the SEC for August 2014.
The
expansion has come on the back of some good performances by specific funds, as
well as by new entrants into the Nigerian mutual fund scene.
Money
market funds, which primarily invest in short term liquid assets like Nigerian
treasury bills and commercial papers, have seen their assets grow by 122.9
percent to N59.12bn, from N29.5bn at the beginning of the year. NTB yields have
averaged 11.29 percent across 90-days, 180-days and 360-days tenors from
January up until August.
The
major money market fund players are
