Anchoria Mutual Funds Prices

April 16th, 2024    Anchoria Equity Fund: BID/ OFFER: 222.0141/224.6587    Anchoria Fixed Income Fund: BID/ OFFER: 1.1934/1.1934|    Anchoria Money Market Fund: BID/ OFFER: 100/ 100 (13.58% Yield)

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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%.