Mutual funds represent investment opportunities often ignored or even misunderstood by retail investors. However, the sub-sector has been recording phenomenal growth in the last three years. For example, the sub-sector recorded 48 per cent growth in Net Asset Value to N1.494 trillion in 2020 from N1.006 trillion in 2019.
In this interview, Ete Ogun, CEO of Anchoria Asset Management, a subsidiary of VFD Group, a proprietary investment company, speaks about factors that will shape the sub-sector in 2021 as well as the need for investors to include equities in their investment portfolio.
I also know High Networth Institutions (HNIs) that do mutual funds. I mean in terms of the returns that we have there is no other way you could have made this sort of returns, so why won’t you be in them?
Data from the SEC indicate that the asset management sector had a great year in 2020. Net Asset Value rose to N1.494 at the end of 2020 from N1.006 trillion at the end of 2019, indicating 48% year-on-year growth.
