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Mutual Fund Factsheets

May 1, 2014 9:00 am Mutual Fund Factsheets April 2014

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.

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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).

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FBN Heritage Fund

Over the month of April, the Fund rose 1.0% despite its benchmark being down 0.2% and the Nigerian Stock Exchange All Share Index losing 0.7%.

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