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Money market, real estate drive N48bn mutual funds growth | BusinessDay

Money market, real estate drive N48bn mutual funds growth | BusinessDay

In the past 12 months, the N48.15 billion growth witnessed in the asset value of mutual funds or Collective Investment Scheme (CIS) in Nigeria was driven largely by asset growth in money market fund and real estate fund.

Currently, the active collective investment vehicles that are regulated by the Securities and Exchange Commission (SEC) are equity-based fund, money market fund, bond fund, real estate fund, balanced-based fund, ethical fund, umbrella fund, and exchange-traded fund (ETF).

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