Opening up investments in mutual fund for masses
Nigerian wealthtech firm, Cowrywise, has launched the first retail mutual funds’ platform that enables anyone to invest in top companies and high-quality fixed-income instruments with as low as N100. Globally, mutual funds are designed to help the average person access high-end investment products, but in Nigeria, though, with about 70 per cent of Nigerians surviving…
Mutual fund segment generates N65 billion profit in Q1
Mutual funds asset class has generated 10.44 per cent or N64.892 billion profit in the first quarter of 2019, from N621.593 billion recorded as at December 28, 2018 to N686.485 billion, a data released by the Security and Exchange Commission (SEC), has shown.