Mutual Fund Factsheets April 2014May 1, 2014 9:00 am
Understanding mutual fund factsheets
As an investor, we understand your need to keep yourself up-to-date with relevant information about your investments. That is why we create our Mutual Fund Factsheets, to offer you more insights into each of our mutual funds.
FBN Money Market Fund
Over the month, the Inter-Bank market was characterised with excess liquidity; we began the month with circa N450bn, this figure rose to a high of N1tr before retracting to a close at approximately N700bn.
FBN Fixed Income Fund
Over the month, the Fund increased its allocation at the long end of the yield curve and reduced its exposure to money market instruments, following a significant decline in yields due to elevated Inter-Bank liquidity and a lack of Open Market Operations (OMO).