Emerging Africa Bond Fund

The Emerging Africa Bond Fund is showing quiet but consistent forward momentum, with its Net Asset Value (NAV) climbing from ₦763.41M in mid-June to ₦776.24M as of 3 July 2026, a steady recovery after a brief dip earlier in the month. Its current Week-to-Date (WTD) yield of 0.17% sits just above the median WTD yield of 0.16% across all Fixed Income / Bond Funds in its category, placing it in a competitive position among peers. For context, a WTD yield measures how much the fund has returned over the current week, and edging above the category midpoint suggests the fund is performing at least on par with, and slightly better than, the typical bond fund right now. On a Year-to-Date (YTD) basis, the fund has returned 13.92% since the start of the year, which gives a broader picture of its performance over a longer stretch of time.

The fund is managed by Emerging Africa Asset Management Limited and currently sits at #167 of 222 across all Nigerian mutual funds by NAV size, and #28 of 42 within the Fixed Income / Bond Funds category specifically. With only 71 unitholders, this is a relatively small and tightly held fund. Its NAV of ₦776.24M reflects modest scale, and the five-week NAV history shows a dip between early and mid-June before a clear upward trend through to early July, with the fund recovering roughly ₦12.83M from its low point of ₦763.41M. The WTD yield also bounced back from a low of 0.10% in mid-June to the current 0.17%, matching its strongest weekly reading in the tracked period.