AIICO BALANCED FUND NEWSLETTER – AUGUST 2021

Overview AIICO Balanced Fund is an open-ended mutual fund, investing in Fixed income instruments, Money market instruments, and both Quoted and Unquoted equities. Fund Performance The bargain hunting drove market performance of the domestic bourse in August as investors sought to take advantage of the potential for interim dividend following the release of half-year earnings.… Continue reading AIICO BALANCED FUND NEWSLETTER – AUGUST 2021

AIICO BALANCED FUND NEWSLETTER – JULY 2021

Overview AIICO Balanced Fund is an open-ended mutual fund, investing in Fixed income instruments, Money market instruments, and both Quoted and Unquoted equities. Fund Performance The domestic bourse closed trading activities for July with a positive performance reinforcing a steady recovery. The Nigerian Stock Exchange All Share Index (NSE ASI) gained 1.69% month-on-month to close… Continue reading AIICO BALANCED FUND NEWSLETTER – JULY 2021

AIICO BALANCED FUND NEWSLETTER – JUNE 2021

The fund’s net yield increased month on month to -4.89% at the end of June 2021 an improvement from -6.38% in May. This improvement was closely tied to the bullish yield trend in the bonds market as well as strategic positioning in some defensive stocks that ensured the fund was able to withstand the shock from the downtrend in the local bourse.