FBNQuest Mutual Funds Outperform 5-Year Benchmarks

Wednesday, April 07, 2021 / 3:30 PM / byFBNQuest / Header Image Credit: Entrepreneur

FBNQuest Asset Management, a subsidiary of FBNHoldings, recently held annual general meetings for five mutual funds managedby the firm. The funds are the FBN Balanced Fund, FBN Smart Beta Equity Fund,FBN Eurobond Fund, FBN Bond Fund and the FBN Money Market Fund.

TheFund Manager continues to deliver commendable results, which is demonstrated bystrong performance across all its funds. The FBN Bond Fund was the bestperforming of the mutual funds, returning 104.20% over the five-year periodwhilst its US Dollar fund, the FBN Eurobond Fund, returned 48.43% in US Dollarsover the same period. The FBN SmartBeta Equity Fund also outperformed its benchmark by 38.22% in the five-yearperiod.

FBNQuestAsset Management's mutual funds provide investment opportunities for investorswith low, moderate or high-risk tolerance. The FBN Balanced Fund is one of thelargest and oldest mixed-asset funds in Nigeria, having been launched in 2008.It has built a track record of consistently outperforming its benchmark, earningits investors a total return of 81.09% over the five-year period. The Fundprovides exposure to money market securities, bonds and equities and, with aminimum investment of N50,000.00 (fifty thousand Naira only), offersdiversification across various asset classes. This solution is suitable forinvestors desiring income and long-term capital growth."

Commentingon the performance of the funds, Ike Onyia, the Managing Director of FBNQuestAsset Management, stated that "Our strong performance track record ispremised on the research capabilities, insights and experience of our portfoliomanagement and research teams. Our mutual funds serve as useful investmentoptions useful in formulating unique and value-adding investment strategies forvarious client segments. This is because our range of mutual funds cut acrossvarious asset classes including equities, bonds and money markets".

"Ourfunds remain easily accessible, as our goal is to continue to drive financialinclusion and democratise wealth creation, by supporting the financial securityaspiration of investors". he added.

Increasingly,financial markets are becoming complex to navigate and as a result, it will notbe out of place for investors to actively seek the inclusion of mutual funds intheir investment portfolio, which will serve as the structured gateway to suchmarkets. Seeking the help of experienced financial planners to assist you inestablishing your risk tolerance levels and advise on suitable options ishighly recommended.

Tofind out more about the FBNQuest Mutual Funds products, please follow FBNQueston social media or visit the website. Please notethat past performance is not an indication of future performance, and thereturns on investments can fall as well as rise.