Weekly report
Money market fund yields, week ended 10 January 2025
38 money market funds reported to SEC for the week ended 10 January 2025. They held ₦1.80trn for 357,871 unitholders, and the median reported yield was 21.84%, −0.34 points on the week before. EDC Money Market Fund Class B reported the highest yield, 25.00%.
Source: SEC Nigeria weekly valuation report, week ended 10 January 2025
The 10 highest money market yields
| Rank | Fund | Reported yield | Change, pts |
|---|---|---|---|
| 1 | EDC Money Market Fund Class B EDC Fund Management | 25.00% | +0.36 |
| 2 | EDC Money Market Fund Class A EDC Fund Management | 24.60% | +0.95 |
| 3 | Meristem Money Market Fund Meristem Wealth Management | 23.83% | 0.00 |
| 4 | CardinalStone Money Market Fund CardinalStone Asset Management | 23.66% | −0.30 |
| 5 | Chapel Hill Denham Money Market Fund Chapel Hill Denham Management | 23.39% | −1.03 |
| 6 | Zedcrest Money Market Fund Zedcrest Investment Managers | 23.10% | −0.28 |
| 7 | AIICO Money Market Fund AIICO Capital | 22.96% | +0.03 |
| 8 | Emerging Africa Money Market Fund Emerging Africa Asset Management | 22.95% | +0.44 |
| 9 | Anchoria Money Market Fund Anchoria Asset Management | 22.93% | −0.70 |
| 10 | RMBN Money Market Fund RMB Nigeria Asset Management | 22.81% | +0.10 |
Biggest rises
| Fund | Reported yield | Change, pts |
|---|---|---|
| Guaranty Trust Investment Fund 724 Guaranty Trust Fund Managers | 19.83% | +2.84 |
| EDC Money Market Fund Class A EDC Fund Management | 24.60% | +0.95 |
| Trustbanc Money Market Fund Trustbanc Asset Management | 20.61% | +0.68 |
Biggest falls
| Fund | Reported yield | Change, pts |
|---|---|---|
| Vetiva Money Market Fund Vetiva Fund Managers | 20.12% | −2.33 |
| Cordros Money Market Fund Cordros Asset Management | 20.96% | −1.36 |
| Guaranty Trust Money Market Fund Guaranty Trust Fund Managers | 19.82% | −1.32 |
Highest dollar fund yields
| Rank | Fund | Reported yield |
|---|---|---|
| 1 | Comercio Partners Dollar Fund Comercio Partners Asset Management | 25.30% |
| 2 | Lead Dollar Fixed Income Fund Lead Asset Management | 10.28% |
| 3 | United Capital Global Fixed Income Fund United Capital Asset Management | 9.81% |
| 4 | Norrenberger Dollar Fund Norrenberger Investment & Capital Management | 9.65% |
| 5 | Meristem Dollar Fund Meristem Wealth Management | 9.56% |
Reported yield is the year-to-date figure each manager sends to SEC, an annual rate. Change is against the week before, in percentage points. These are figures managers report, not advice.
This is an older week. See the latest yields.
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