These are the best performing mutual funds for the week ended April 6, 2018

Data from the Securities and Exchange Commission (SEC) website shows the Net Asset Value (NAV) of mutual funds increased by 2.49% from N529 billion for the week ended March 29, 2018 to N542 billion for the week ended April 6, 2018.

Equity and money market funds delivered largely negative returns, while bond and fixed income funds had the best returns.

Here is a look at the 3 best performing funds:

3rd Best Performing Fund 

Name of Fund –  Stanbic IBTC Bond Fund

Who are the Fund Managers – Stanbic IBTC Asset Management

Type of Fund – Bond Fund 

NAV Increase  – 0.59%

2nd Best Performing Fund 

Name of Fund –  SFS Fixed Income Fund

Who are the Fund Managers – SFS Capital Ltd

Type of Fund – Fixed Income Based Fund

NAV Increase  – 0.65%

Best Performing Fund 

Name of Fund –  UPDC Real Estate Investment Fund

Who are the Fund Managers – FSDH Asset Management Ltd

Type of Fund – Real Estate Fund

NAV Increase  – 0.86%

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