Weekly report
Money market fund yields, week ended 23 May 2025
42 money market funds reported to SEC for the week ended 23 May 2025. They held ₦2.96trn for 427,991 unitholders, and the median reported yield was 20.63%, +0.03 points on the week before. CardinalStone Money Market Fund reported the highest yield, 24.01%.
Source: SEC Nigeria weekly valuation report, week ended 23 May 2025
The 10 highest money market yields
| Rank | Fund | Reported yield | Change, pts |
|---|---|---|---|
| 1 | CardinalStone Money Market Fund CardinalStone Asset Management | 24.01% | +4.68 |
| 2 | Zedcrest Money Market Fund Zedcrest Investment Managers | 22.93% | +0.09 |
| 3 | Greenwich Plus Money Market Fund Greenwich Asset Management | 22.74% | +4.36 |
| 4 | Trustbanc Money Market Fund Trustbanc Asset Management | 22.40% | −0.16 |
| 5 | Chapel Hill Denham Money Market Fund Chapel Hill Denham Management | 22.32% | +0.23 |
| 6 | ARM Money Market Fund ARM Investment Managers | 22.14% | +0.13 |
| 7 | Meristem Money Market Fund Meristem Wealth Management | 22.05% | +0.20 |
| 8 | EDC Money Market Fund Class B EDC Fund Management | 21.67% | +0.03 |
| 9 | Norrenberger Money Market Fund Norrenberger Investment & Capital Management | 21.53% | 0.00 |
| 10 | STL Money Market Fund STL Asset Management | 21.35% | +0.11 |
Biggest rises
| Fund | Reported yield | Change, pts |
|---|---|---|
| CardinalStone Money Market Fund CardinalStone Asset Management | 24.01% | +4.68 |
| Greenwich Plus Money Market Fund Greenwich Asset Management | 22.74% | +4.36 |
| Afrinvest Plutus Fund Afrinvest Asset Management | 18.02% | +2.30 |
Biggest falls
| Fund | Reported yield | Change, pts |
|---|---|---|
| Coronation Money Market Fund Coronation Asset Management | 21.14% | −2.11 |
| Legacy Money Market Fund FCMB Asset Management | 20.07% | −0.82 |
| Parthian Money Market Fund Parthian Capital | 17.84% | −0.46 |
Highest dollar fund yields
| Rank | Fund | Reported yield |
|---|---|---|
| 1 | Comercio Partners Dollar Fund Comercio Partners Asset Management | 12.25% |
| 2 | Futureview Dollar Fund Futureview Asset Management | 11.89% |
| 3 | Meristem Dollar Fund Meristem Wealth Management | 9.71% |
| 4 | Norrenberger Dollar Fund Norrenberger Investment & Capital Management | 9.65% |
| 5 | FSL Eurobond Fund FSL Asset Management | 9.30% |
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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