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Mutual Funds defy Covid-19 effect, as returns rise 50% to N1.5trn On By Peter Egwuatu Despite the adverse impact of the Coronavirus, COVID-19 pandemic, on the Nigerian economy, fund managers have raised their investment in Collective Investment Scheme, CIS, otherwise known as mutual funds. The Scheme itself has recorded a return of 50 per cent Year-to-Date, YtD, with the net Asset value, NAV, rising to N1.5 trillion in 2020 from N1.0 trillion in 2019. However, financial analysts have asserted that the huge gains recorded in equities in 2020 may not be replicated this year as they project moderate returns across all against  the backdof changing monetary policy environments.

South africaSouth africanAmbrose omordionDavid adonriOlumide bolumolePeter egwuatuBonds fundExchange commissionFund managers association of nigeriaMoney market fundMutual fundFidelity securitiesKindly share this storyLeading south africanCollective investment schemeMoney market funds