The FBN Bond Fund was the best performing of the mutual funds, returning 104.20 per cent over the five-year period. Its US Dollar fund, the FBN Eurobond Fund, returned 48.43 per cent in US Dollars over the same period.
The Fund Manager continues to deliver commendable results, which is demonstrated by strong performance across all its funds, data released by the FBNQuest Asset Management has shown.
Also, the FBN Smart Beta Equity Fund outperformed its benchmark by 38.22 per cent in the five-year period.
FBNQuest Asset Management, a subsidiary of FBN Holdings, made the disclosures at the annual general meetings for five mutual funds managed by the firm. The funds are the FBN Balanced Fund, FBN Smart Beta Equity Fund, FBN Eurobond Fund, FBN Bond Fund and the FBN Money Market Fund.
FBNQuest Asset Management’s mutual funds provide investment opportunities for investors with low, moderate or high-risk tolerance.
The FBN Balanced Fund is one of the largest and oldest mixed-asset funds in Nigeria, having been launched in 2008. It has built a track record of consistently outperforming its benchmark, earning its investors a total return of 81.09 per cent over the five-year period.
The Fund provides exposure to money market securities, bonds and equities and, with a minimum investment of N50,000.00 (fifty thousand Naira only), offers diversification across various asset classes. This solution is suitable for investors desiring income and long-term capital growth.”
Commenting on the performance of the funds, the Managing Director of FBNQuest Asset Management, Ike Onyia, stated that “Our strong performance track record is premised on the research capabilities, insights and experience of our portfolio management and research teams. Our mutual funds serve as useful investment options useful in formulating unique and value-adding investment strategies for various client segments. This is because our range of mutual funds cut across various asset classes including equities, bonds and money markets”.