First Asset Money Market Fund

The First Asset Money Market Fund is one of Nigeria's largest investment pools, sitting at #3 of 222 funds overall and #2 of 47 in the Money Market Funds category, with a Net Asset Value (NAV) of ₦729.15B held across 42,669 unitholders. Despite its size, the fund's current Week-to-Date (WTD) yield of 15.18% sits below the median WTD yield of 16.88% among its Money Market Fund peers, meaning more than half of comparable funds are currently delivering higher returns to investors. A money market fund works by pooling investor money into short-term, relatively low-risk instruments, so yield comparisons within the category are a useful way to assess how well the fund is performing for its holders.

Looking at recent performance, the fund's NAV and yield have both trended downward over the past month. NAV peaked at ₦733.80B on 26 June 2026 before declining to ₦729.15B by 3 July 2026, a drop of roughly ₦4.65B over one week. The WTD yield followed a similar path, reaching 15.95% on 11 June 2026 before easing steadily to the current 15.18%. The Year-to-Date (YTD) yield of 15.18% matches the latest WTD figure exactly, which suggests the fund's return data is measured from a recent reset point rather than reflecting a full calendar year of compounded growth. While the fund's sheer scale and category ranking signal strong investor confidence, the recent softening in yield is worth noting.