Cowry Eurobond Fund

The Cowry Eurobond Fund currently manages a Net Asset Value (NAV) of ₦976.71M, placing it at #163 of 222 across all Nigerian mutual funds and #30 of 40 within the Dollar Funds category. The fund's NAV dropped sharply from ₦1.05B on 5 June 2026 to ₦954.32M by 19 June 2026, a decline of roughly ₦96M over two weeks. Since then, it has recovered gradually, gaining back around ₦22M over the following two weeks to reach its current level. On a Year-to-Date (YTD) basis, the fund has returned 7.55%, which gives a broader picture of how it has performed since the start of the year.

On a Week-to-Date (WTD) basis, the fund yielded 0.03% this week. That figure sits below the median WTD yield of 0.11% among all Dollar Funds, meaning more than half of similar funds produced a stronger short-term return this week. The fund serves a relatively small base of 85 unitholders (investors who own units in the fund). The recent WTD yield has been stable, holding at 0.03% for three of the last five recorded weeks, with a brief dip to 0.01% on 11 June 2026. While the YTD return of 7.55% suggests reasonable performance over a longer stretch, the recent weekly yield lags its peers noticeably.