EDC Money Market Fund Class A

The EDC Money Market Fund Class A is one of Nigeria's larger money market funds, with a Net Asset Value (NAV) of ₦96.39B, placing it at #18 of 222 funds overall and #10 of 47 in the money market category. A notable development in the recent data is the sharp jump in NAV from ₦90.60B on 26 June to ₦97.17B the following week, a rise of roughly ₦6.57B in a single period, suggesting a significant inflow of new investor money into the fund at that point. The fund's Week-to-Date (WTD) yield (the return generated over the most recent week, expressed as an annual rate) has held steady at 15.42% for the latest two data points, and the Year-to-Date (YTD) yield matches at 15.42%, meaning the fund's return rate has been broadly consistent throughout the period tracked.

One area worth noting is that the fund's 15.42% WTD yield sits below the median WTD yield of 16.88% among the 47 money market funds in its category, a gap of 1.46 percentage points. In practical terms, this means more than half of the comparable funds are currently generating a higher weekly return rate than this one. The fund serves 5,087 unitholders, which is a relatively focused investor base for a fund of its size. The NAV trend over the past month has been broadly upward, moving from ₦89.92B on 5 June to ₦96.39B on 3 July, even after a small dip from the ₦97.17B peak, suggesting the fund has grown considerably over this short window.