![]() ![]() ![]() Mutual funds are one of many fastest-growing asset courses in Nigeria, as information from the Security and Exchange Commission (SEC), exhibits that 49.2% of the 118 registered funds recorded constructive progress in January 2021.Ī mutual fund is a sort of monetary automobile made up of a pool of cash collected from varied traders, with the goal of investing them in securities like shares, bonds, cash market devices, and different property.Īccording to SEC, a complete of 118 mutual funds have been registered as of January 29, 2021, with a web asset worth of N1.57 trillion throughout a number of fund varieties.
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