Emerging Africa Money Market Fund

The Emerging Africa Money Market Fund has been on a steady growth path, with its Net Asset Value (NAV) climbing from ₦8.34B in early June 2026 to ₦8.76B by 3 July 2026, a rise of roughly ₦420M over five weeks. At the same time, its Week-to-Date (WTD) yield has moved upward, reaching 17.85% at the latest reading. That figure sits comfortably above the median WTD yield of 16.88% across all Money Market Funds in its category, meaning this fund is currently outperforming more than half of its direct peers on a short-term return basis. Within its category, it ranks #25 of 47, and across all fund types it sits at #76 of 222, placing it solidly in the upper half of the broader Nigerian mutual fund market.

The fund's Year-to-Date (YTD) yield of 17.85% matches its WTD yield exactly, which tells us the most recent weekly performance is consistent with how the fund has performed across the full year so far, rather than being a sudden spike. The fund currently serves 1,283 unitholders, a relatively focused investor base for a fund of this size. Looking at the recent weekly history, the yield dipped to 16.69% on 11 June before recovering steadily to its current high, suggesting the fund navigated a brief soft patch and bounced back. A money market fund, for context, pools investors' money into short-term, lower-risk instruments like treasury bills and bank deposits, and the yield reflects the annualised return those instruments are generating right now.