Weekly report
Money market fund yields, week ended 17 January 2025
38 money market funds reported to SEC for the week ended 17 January 2025. They held ₦1.83trn for 360,817 unitholders, and the median reported yield was 21.50%, −0.34 points on the week before. EDC Money Market Fund Class B reported the highest yield, 25.64%.
Source: SEC Nigeria weekly valuation report, week ended 17 January 2025
The 10 highest money market yields
| Rank | Fund | Reported yield | Change, pts |
|---|---|---|---|
| 1 | EDC Money Market Fund Class B EDC Fund Management | 25.64% | +0.64 |
| 2 | Meristem Money Market Fund Meristem Wealth Management | 24.11% | +0.28 |
| 3 | Coronation Money Market Fund Coronation Asset Management | 23.88% | +1.48 |
| 4 | Chapel Hill Denham Money Market Fund Chapel Hill Denham Management | 23.55% | +0.16 |
| 5 | EDC Money Market Fund Class A EDC Fund Management | 23.20% | −1.40 |
| 6 | Zedcrest Money Market Fund Zedcrest Investment Managers | 23.16% | +0.06 |
| 7 | CardinalStone Money Market Fund CardinalStone Asset Management | 22.96% | −0.70 |
| 8 | RMBN Money Market Fund RMB Nigeria Asset Management | 22.87% | +0.06 |
| 9 | FBN Money Market Fund FBNQuest Asset Management | 22.70% | +0.14 |
| 10 | Coral Money Market Fund FSDH Asset Management | 22.68% | 0.00 |
Biggest rises
| Fund | Reported yield | Change, pts |
|---|---|---|
| Coronation Money Market Fund Coronation Asset Management | 23.88% | +1.48 |
| Vetiva Money Market Fund Vetiva Fund Managers | 21.46% | +1.34 |
| AXA Mansard Money Market Fund AXA Mansard Investments | 20.64% | +1.16 |
Biggest falls
| Fund | Reported yield | Change, pts |
|---|---|---|
| AIICO Money Market Fund AIICO Capital | 10.73% | −12.23 |
| EDC Money Market Fund Class A EDC Fund Management | 23.20% | −1.40 |
| Emerging Africa Money Market Fund Emerging Africa Asset Management | 21.76% | −1.19 |
Highest dollar fund yields
| Rank | Fund | Reported yield |
|---|---|---|
| 1 | Comercio Partners Dollar Fund Comercio Partners Asset Management | 16.00% |
| 2 | Lead Dollar Fixed Income Fund Lead Asset Management | 9.96% |
| 3 | Norrenberger Dollar Fund Norrenberger Investment & Capital Management | 9.91% |
| 4 | Meristem Dollar Fund Meristem Wealth Management | 9.43% |
| 5 | United Capital Global Fixed Income Fund United Capital Asset Management | 9.23% |
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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