Anchoria Mutual Funds Prices

November 29th , 2023:    Anchoria Equity Fund: BID/ OFFER: 182.8767/185.2759    Anchoria Fixed Income Fund: BID/ OFFER: 1.2366/1.2366|    Anchoria Money Market Fund: BID/ OFFER: 100/ 100 (9.1900% Yield)

Market Report

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.

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.

Mutual Funds Performance Report – July 2022

The Anchoria Money Market fund returned 5.84% and 5.92% in June and July, higher than the respective benchmark returns of 2.80% and 2.12%. This performance was driven by higher yielding investment alongside some re balancing techniques.Demand remained healthy at the primary market auctions, however, the pace of over subscriptions slowed, as we saw the CBN …

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Mutual Fund Performance Report – April 2022

The Anchoria Money Market Fund delivered a Gross Return of 6.90% (5.90% net of charges), surpassing its benchmark by c.383bps in April. System liquidity contracted during the month, considering the absence of coupon payments and maturity proceeds. As such, the Open repo and Overnight rates rose by 7.75% and 7.50% from 4.50% and 5.00% to …

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