The headline story for Halo Equity Fund right now is its strong Year-to-Date (YTD) return against a backdrop of recent short-term pressure. The fund has delivered a 69.40% YTD yield in 2026, which is a notable gain for investors who have held it since the start of the year. However, the fund's Net Asset Value (NAV) has been sliding in recent weeks, dropping from ₦557.18M on 5 June to ₦475.65M on 3 July, a decline of roughly ₦81.53M over that period. The most significant single-week drop came in the week ending 26 June, when the NAV fell sharply and the Week-to-Date (WTD) yield hit -4.00%. The most recent WTD yield stands at -1.00%, which, while still negative, is an improvement on that prior week's fall.
Despite the recent dip, the fund is actually holding up better than many of its peers in the short term. The median WTD yield among all Equity Funds this week is -1.75%, meaning the average fund in this category is losing more ground than Halo Equity Fund's -1.00% this week. That said, the fund ranks #16 of 18 within its Equity Funds category by NAV size, and #185 of 222 across all funds, reflecting a relatively small fund with only 123 unitholders (people who own units in the fund) and a NAV of ₦475.65M. The one positive WTD yield recorded during this stretch, +1.00% in the week of 19 June, shows the fund can recover, but the overall short-term trend remains one of contraction.
Key insight: While Halo Equity Fund's 69.40% YTD gain is impressive, investors should note that its NAV has fallen for four of the last five weeks, and the fund is one of the smallest in its category at #16 of 18 by size.
