CFG Ethical Fund

The CFG Ethical Fund, managed by CFG Asset Management Limited, has delivered a steady climb in its Net Asset Value (NAV), growing from ₦613.00M on 5 June 2026 to ₦620.41M by 3 July 2026, a gain of roughly ₦7.41M over five weeks. Its Year-to-Date (YTD) yield stands at 6.62%, and its most recent Week-to-Date (WTD) yield of 0.20% places it exactly at the median for the Ethical Funds category, meaning it is performing in line with its peers rather than above or below them. Within its category, however, the fund ranks #3 of 3, making it the smallest of the three ethical funds by NAV size.

With only 33 unitholders, this is a very small fund by participation, and its overall ranking of #175 of 222 across all Nigerian mutual funds reflects that modest scale. The NAV has moved consistently upward across all five recent data points, with only a brief dip in WTD yield to 0.16% on 19 June 2026 before recovering to 0.21% the following week and settling at 0.20% most recently. This consistency suggests the fund is generating returns in a controlled, gradual manner, which is typical of ethical funds (funds that invest only in assets meeting certain moral or religious criteria, such as avoiding interest-based income). The narrow yield range, between 0.16% and 0.21% over the period, points to low volatility in week-to-week returns.