The Anchoria Equity Fund professionally managed by Anchoria Asset Management Limited, AAM, a subsidiary of VFD Group, has been ranked second-best performing mutual fund in the month of September.

In a survey conducted by Nairametrics,  a Lagos based news and research publication firm, Anchoria Equity Fund came second following the appreciation of  its  price  from N99.33 as at August 28 to N107.87 as at October 2, representing a return of 8.60 percent

According to Nairametrics, the Equity Fund seeks to maximize long-term income and capital appreciation by investing in a range of stocks listed on the Nigerian Stock Exchange.

While the investment objective of the equity fund is to generate income and capital growth from investments in a diversified portfolio.

Reacting to this achievement,  Anchoria Asset Management noted that the Anchoria Equity Fund is an open-ended fund and collective investment scheme, which seeks to invest primarily in quoted equities (minimum of 75%) and fixed income securities (maximum of 25%). It stated that the Fund does not invest in unquoted equity securities.

AAM explained that the Fund employed an asset mix strategy with the aim of achieving consistent growth, by seeking significant exposure to a diversified pool of investment-grade equities and fixed income securities.

In order to ensure sound investment selection, portfolio, and risk management practices, AAM noted the Fund adopts a portfolio strategy that largely depends on fundamental and technical analysis in order to properly assess the inherent risks within the context of the Fund profile.

Accordingly, the Fund holds long term quoted equity positions with strong fundamentals underpinned by good economic themes, that are attractively priced relative to their true value and prospects. It further explained

Commenting on the choice of Anchoria Equity Fund, Nairametrics said, ‘’This is an Equity-Based Fund by Anchoria Asset Management Limited. For a fund that is predominantly focused on equities, this is a pretty much impressive performance by all standards. It grew by 8.60% in the month of September. The net asset value stood at N313.78 million as of 2nd October.’’

Mutual Funds are professionally managed investment schemes that are controlled by designated Asset Management Companies (AMC). These Funds allow investors the opportunity to invest in stocks, bonds, and securities. They are particularly good for passive investors.

According to data from the Security and Exchange Commission (SEC), Nigeria currently has about 112 Mutual Funds as of October 2nd, 2020. These Mutual Funds cut across several Fund Types. Here is a breakdown of the Fund Types available for investors according to SEC.