AIICO BALANCED FUND NEWSLETTER – MARCH 2024
OVERVIEW AIICO Balanced Fund is an open-ended mutual fund, investing in Fixed income instruments, Money market instruments and both Quoted and Unquoted equities. INVESTMENT OBJECTIVE The investment objective of the Fund is to create medium to long term…
AIICO MONEY MARKET FUND NEWSLETTER – March 2024
OVERVIEW AIICO Money Market fund is an open-ended collective investment vehicles that pools investment monies from various individuals, Corporate organizations and High Net-worth Clients (HNC) for the purpose of investing in money market securities,…
Monthly Financial Market Update – March 2024
Global Macroeconomic Review United States: In February, consumer prices in the United States surpassed expectations, rising to 3.20% year-on-year (Est. 3.10%) from 3.10% in January 2024. Core CPI, which excludes food and energy prices, increased by 0.40%…
FINANCIAL MARKETS WEEKLY – 05 APRIL 2024
FIXED INCOME MARKETS MONEY MARKETS At the beginning of the week, the liquidity in the system showed a positive trend, although it briefly turned into a deficit after a significant auction of OMO Bills during the week. The opening balance rose from ₦45.32…
FINANCIAL MARKETS TODAY – 04 April 2024
FIXED INCOME MARKETS MONEY MARKETS Following the settlement of the OMO auction, system liquidity experienced a shortfall, leading to a decrease of 206.44% to -₦599.05 billion from ₦562.79 billion recorded the previous day. However, both the Open Repo…
FINANCIAL MARKETS TODAY – 03 April 2024
FIXED INCOME MARKETS MONEY MARKETS Opening system liquidity saw a significant increase of +437.99%, rising from ₦104.61 billion reported yesterday to ₦562.79 billion today. However, both the Open Repo Rate and the Overnight Rate experienced upward…
FINANCIAL MARKETS TODAY – 02 April 2024
FIXED INCOME MARKETS MONEY MARKETS Opening system liquidity showed a significant improvement, increasing by 130.83% from ₦45.32 billion last Thursday to ₦104.61 billion today. Consequently, the Open Repo Rate dropped by 382 bps to 23.47%, and the…
FINANCIAL MARKETS WEEKLY – 28 March 2024
FIXED INCOME MARKETS MONEY MARKETS At the end of the week, system liquidity remained in positive territory, despite c.₦1.19 trillion deducted from the system for NTB auction settlement. To provide context, system liquidity opened at around ₦45.32 billion…
FINANCIAL MARKETS TODAY – 27 March 2024
FIXED INCOME MARKETS MONEY MARKETS System liquidity returned to its positive levels, with opening balance at ₦285.27 billion from -₦16.28 billion reported yesterday. Nonetheless, the Open Repo Rate rose by 64 bps to 26.93%, while the Overnight Rate…
FINANCIAL MARKETS TODAY – 26 March 2024
FIXED INCOME MARKETS MONEY MARKETS System liquidity experienced a deficit balance today, opening at approximately -₦16.28 billion, a significant decrease from the ₦98.84 billion reported yesterday. As a result, the Open Repo Rate rose by 69 bps to…
