FCMBAM Money Market Fund

The FCMBAM Money Market Fund is one of the larger funds on the market, with a Net Asset Value (NAV) of ₦69.04B, placing it at #21 of 222 funds overall and #12 of 47 within the Money Market Funds category. After a brief dip to ₦66.10B on 11 June 2026, the NAV has recovered steadily, climbing back to ₦69.04B by 3 July 2026. At the same time, the Week-to-Date (WTD) yield, which is how much the fund earned in the most recent week expressed as a yearly rate, has ticked up to 16.01% after a short period of gradual decline from 15.97% in early June. The Year-to-Date (YTD) yield also sits at 16.01%, meaning the fund's recent weekly performance is consistent with its returns across the year so far.

One thing worth noting is that the fund's current WTD yield of 16.01% is slightly below the median WTD yield of 16.88% among all Money Market Funds, meaning roughly half of its peers are currently generating higher weekly returns. The fund serves 4,027 unitholders, a relatively focused investor base compared to some larger funds in its peer group. The combination of a recovering NAV and a modest yield uptick in the latest period suggests the fund is moving in a positive direction, though there is still a gap to close against the category midpoint.