It is designed to allow traders get hold of market publicity to the securities of the constituent corporations of the NSE-Lotus Islamic Index and to duplicate the value and yield efficiency of the index.Ĭommentary: This is an Exchange Traded Fund by Lotus Capital Limited, which grew by 7.31% within the month of January. The Lotus Halal Equity Exchange Traded Fund “LHE ETF” is an open-ended fund that tracks the efficiency of the NSE-Lotus Islamic Index (NSELII). Lotus Capital Halal ETF – Lotus Capital Limited (Exchange Traded Fund) READ: Investors pump N7 billions into New Gold ETF We additionally highlighted their efficiency when it comes to modifications in web asset worth and included profiles of the funds as described on their web sites. Nairametrics tracked the efficiency of those mutual funds by evaluating the fund costs as of thirty first December, 2020 with the fund costs as of the final buying and selling day of January 2021.īelow have been the top-performing mutual funds within the month of January 2021. Mutual funds are one of many fastest-growing asset courses in Nigeria, as information from the Security and Exchange Commission (SEC), exhibits that 49.2% of the 118 registered funds recorded constructive progress in January 2021.Ī mutual fund is a sort of monetary automobile made up of a pool of cash collected from varied traders, with the goal of investing them in securities like shares, bonds, cash market devices, and different property.Īccording to SEC, a complete of 118 mutual funds have been registered as of January 29, 2021, with a web asset worth of N1.57 trillion throughout a number of fund varieties.