Coronation Highlights Opportunities In Mutual Funds Investment

Coronation Asset Management Limited has stressed the need for investors to take advantage of investment opportunities in the mutual fund market.

Mutual Funds, it stressed, are growing rapidly and are quickly becoming the default destination for Nigerians’ savings. Just as the Pension Funds began to take off a decade ago, now Mutual Funds are growing fast. “The total value of Money Market funds rose 11 per cent and Fixed Income funds rose by 59 per cent in the first half of this year. Mutual Funds are set to become a large part of the savings industry. In a few years they may rival Nigeria’s Pension Funds in size,” the report emphasised.

Czartoryski, however noted that the Mutual Fund industry in Nigeria faces two challenges, saying that the first is risk management. The era of high returns from Nigerian Treasury Bills ended in 2019.

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