The GDL Canary Growth Fund is a Balanced Fund (a type of fund that invests in a mix of assets such as stocks and bonds to balance risk and return) managed by Growth & Development Asset Management Limited. Its current Net Asset Value (NAV), which is the total market value of everything the fund holds, stands at ₦5.55B, placing it at #10 of 29 among Balanced Funds and #91 of 222 across all fund categories. The headline story here is a sharp NAV decline over the past month: the fund dropped from ₦6.83B on 5 June 2026 to ₦5.55B by 26 June 2026, a slide that has since levelled off, with the NAV holding flat at ₦5.55B into 3 July 2026. Despite this recent pressure, the fund's Year-to-Date (YTD) yield, which measures how much the fund has grown since the start of the year, remains a solid 24.20%.
On a shorter time horizon, the Week-to-Date (WTD) yield for the most recent period is -0.33%, meaning the fund edged slightly lower in the past week. However, that figure actually compares favourably against the median WTD yield of -0.43% for the Balanced Funds category, placing this fund above the midpoint of its peers even during a difficult stretch. The recent weekly losses tell a notable story: WTD yields over the past five recorded periods were -0.18%, -1.41%, -0.77%, -2.06%, and now -0.33%, suggesting the worst of the short-term pressure may be easing. The fund serves 10,200 unitholders, reflecting a meaningful investor base for a mid-sized fund in its category.
Key insight: Despite a steep NAV drop of roughly ₦1.28B between early and late June 2026, the fund's weekly losses appear to be narrowing, and its 24.20% YTD yield still outpaces what a flat or modest year
