The headline story for the Zedcrest Equity Fund right now is a welcome reversal after a difficult stretch. The fund's Net Asset Value (NAV) has fallen sharply over the past month, dropping from ₦13.08B on 5 June to ₦8.70B by 3 July, a decline that played out across four consecutive weeks of negative Week-to-Date (WTD) yields: -1.37%, -4.95%, -0.42%, and -4.24%. This week, however, the fund has posted a WTD yield of +1.22%, which is a meaningful turnaround, and it stands well above the median WTD yield of -1.75% recorded across all Equity Funds peers this week. That peer comparison places the fund's recent weekly performance among the stronger names in its category, even as the NAV itself continues to reflect the losses of recent weeks.
Zooming out gives a more balanced picture. Despite the recent NAV slide, the fund's Year-to-Date (YTD) yield sits at a striking 91.11%, meaning investors who have held units since the start of the year have seen very strong growth in the value of those units overall. The fund manages ₦8.70B in assets, placing it at #9 of 18 in the Equity Funds category and #77 of 222 across all fund types on the platform. It serves 4,931 unitholders. The current NAV of ₦8.70B is nearly unchanged from last week's ₦8.71B, suggesting the fund may be stabilising after its steep decline, though it is too early to call a firm recovery from just one week of positive returns.
Key insight: While the fund has lost significant NAV over the past month, its +1.22% WTD yield this week beats the -1.75% peer median, and its 91.11% YTD yield shows that longer-term holders are still sitting on substantial gains.
