Anchoria Mutual Funds Prices

February 23rd,    Anchoria Equity Fund: BID/ OFFER: 227.1058/229.5106    Anchoria Fixed Income Fund: BID/ OFFER: 1.2134/1.2134|    Anchoria Money Market Fund: BID/ OFFER: 100/ 100 (11.18% Yield)

Cynthia Okolo

May Inflation Report

Inflation edged higher in May, keeping the Monetary Policy Committee (MPC) on course to pursue an additional rate hike at its next meeting. The inflation reading yet again hit a near 18-year peak, as the Consumer Price Index (CPI) rose 22.41% in May, up from 22.22% in April.

Mutual Funds Performance Report – March 2023

The Anchoria Money Market Fund generated a return of 6.41% (5.21% net of fees) to remarkably outperform its benchmark by 308bps for the month of March. This performance was driven by higher yielding investments alongside some re-balancing techniques. In the T-bills secondary market, investor sentiment turned bearish in March 2023 due to increased mopup activities …

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Macro-Economic Report

Inflation in Nigeria is on the rise and hit a 17-year record high, with the Consumer Price Index (CPI) increasing by 21.91% year-on-year. This was higher than the previous month’s print of 21.82% and slightly lower than our expectation of 22.14%.

MPC Raises Rates to 17.50%, Highest in 17 years

At the first Monetary Policy Committee (MPC) meeting of 2023, the committee voted to tighten its stance further, by 100bps. The Monetary Policy Rate (MPR) thus stands at 17.50% with other parameters being held constant. This hike marks the fifth consecutive increase in the MPR, following rate hikes in May (1.50%), July (1.00%), September (1.50%), …

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September Inflation Report

According to the National Bureau of Statistics (NBS), headline inflation in Nigeria came in at 20.77% YoY in September, 0.25% points higher than 20.52% YoY recorded in August. This marks the ninth consecutive increase since the start of the year.Click the link below to read the full report.

September 2022 Post MPC Note – The AAM Report

In arriving at its decision, the Committee weighed various economic developments, including the weakening global output due to supply chain disruptions worsened by the Russia-Ukraine war. This, along with COVID-19 lockdown in China, persisting global inflationary pressures, tightening financial conditions owing to broad-based aggressive policy, capital flow reversals in emerging markets and its consequent upward …

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