ESG Impact Fund

The ESG Impact Fund, managed by Zenith Asset Management Ltd., is showing early signs of recovery after a difficult stretch. The fund's Net Asset Value (NAV) currently stands at ₦1.93B, and its most recent Week-to-Date (WTD) yield has turned positive at 1.77%, a meaningful shift after four consecutive weeks of negative returns that bottomed out at -42.49% in early June 2026. On a longer view, the Year-to-Date (YTD) yield of 32.27% remains solidly positive, suggesting the mid-year dip is a reversal within an otherwise strong year. Among the three funds in its Ethical Funds category, this fund ranks #2 of 3, and sits at #136 of 222 across all fund types tracked on this platform.

What makes the current WTD figure especially notable is how it compares to peers. The median WTD yield across all Ethical Funds is just 0.20%, meaning this fund is producing roughly nine times that figure this week alone. The fund has 1,359 unitholders, a relatively small community, which means individual flows of money in or out can have a bigger effect on NAV movement than in larger funds. The NAV has edged up from ₦1.91B last week to ₦1.93B this week, a modest but concrete improvement. The sharp negative WTD yields seen between June 5 and June 19 (holding steady at -42.49% before improving to -40.98%) likely reflect a period of significant unit redemptions or asset revaluation, making the current stabilisation worth watching closely.