Fund Type: Open-Ended Fund
Scheme Type: Money Market
Age: Since December 2017
Risk: Low
Horizon: Short-Medium Term
Benchmark: Weighted 91 Days Treasury Bills rate
1 July 16, 2023
Bid Price: ₦
Effective Yield: 10.46% June 14, 2023
Zenith Money Market Fund Performance
| Valuation Date | Bid Price | Offer Price |
Fund Manager
Quantum Zenith Asset Management & Investments Limited
Investment Objective
The Fund seeks to provide current income while maintaining liquidity and a stable price of ₦1 for all classes of investors that value liquidity and security of assets.
Scheme Description
The Fund seeks to provide current income while maintaining liquidity and a stable price of ₦1 for all classes of investors that value liquidity and security of assets.
Minimum Investment
₦10,000 Minimum Lump sum
₦500 Minimum additional Purchase
Management Fees
1%
Portfolio
Asset Allocation
Cash and Equivalents: 0 -5%
Placements (Financial and Non-Financial Institutions): 0 -75%
Short term government securities: 25-100%
Other Money Market Securities: 0 -75%
Partners
Trustees: Vetiva Trustees Limited
Custodian: Stanbic Nominees Limited
