Money Market Fund

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 DateBid PriceOffer 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

Annual Reports

Quantum Zenith Ethical Fund - 2017
Quantum Zenith Equity Fund - 2017
Quantum Zenith Income Fund - 2017

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