Meristem Money Market Fund

The Meristem Money Market Fund has grown steadily in recent weeks, with its Net Asset Value (NAV) rising from ₦117.44B on 5 June 2026 to ₦124.00B by 3 July 2026, a gain of roughly ₦6.56B over that period. This places the fund at #16 of 222 across all funds tracked, and #8 of 47 within the Money Market Funds category, showing it holds a strong position among its peers. Its Week-to-Date (WTD) yield, which is the return the fund generated over the past week expressed as an annual rate, currently sits at 17.93%, comfortably above the median WTD yield of 16.88% for Money Market Funds. That means this fund is outperforming more than half of its direct competitors on a weekly return basis.

Supporting this picture, the fund's Year-to-Date (YTD) yield also stands at 17.93%, consistent with the WTD figure, suggesting returns have been relatively stable throughout the year rather than spiking or dipping sharply. Looking at the recent weekly history, the WTD yield has stayed within a narrow band, peaking at 18.28% on 26 June 2026 and sitting at its lowest recent point of 17.93% in the most recent reading. The fund serves 11,529 unitholders, meaning over eleven thousand people have pooled money into it. A money market fund like this one typically invests in short-term, lower-risk instruments such as treasury bills and bank placements, aiming to preserve capital while generating modest, steady income.