While some might be suitable for your personal situation, and others might not be, each mutual fund stands out for its quality, making it a prime choice for its respective category. Here are the 30 best mutual funds for 401(k) retirement savers as we enter 2022, plucked out of the nation's 100 most popular options. Your 401(k) probably won't offer all of these funds, but it's likely that at least some will be available. We also consider manager tenure, fees and other factors. We look at each fund's long-term returns and year-by-year performance, as well as its volatility and how it fares in difficult markets. That's because choosing a good index fund always rests on three simple questions: 1.) Which index do you want to emulate? 2.) How well has the fund done in matching that index? 3.) How much does the fund charge? Generally speaking, however, we have no issues with any of the index funds listed in the top 100.Īssessing actively managed mutual funds is a different beast. We'll also point out that we didn't weigh in on index funds. Some funds are appropriate for aggressive investors others are geared for moderate savers. But you'll want to pay attention to the fine print.
It invests in stocks of quoted companies, money market instruments, real estate investment trust schemes, and debt instruments targeted at the entertainment sector.Ĭommentary: This mixed fund by Greenwich Asset Management Limited, which led the list of best-performing mutual funds in the month, appreciating by 20.98% in May 2021.Īlso, the net asset value as of 28th of May 2021, was N2.058 billion indicating an impressive and significant growth of 776.79% when compared to N234.715 million recorded as of April 30th, 2021.In the end, a cool 30 funds, which we'll describe in detail below, won our seal of approval. The Fund provides investors with the opportunity to earn returns from investing in investment-grade instruments as well as indirectly investing in Nigeria’s entertainment industry. This is a Balanced Fund that aims to promote an investment culture among participants, especially in the entertainment industry. Nigerian Entertainment Fund- Greenwich Asset Management (Mixed Funds) The net asset value also appreciated by 11.31% from N4.37 billion as of 30th April 2021, to N4.86 billion at the end of May 2021. The minimum initial subscription is 1,500 units (at prevailing market price per unit), minimum additional purchase is 1,000 units (at the prevailing market price per unit) with a minimum investment period of 6 months.Ĭommentary: The fund managed by First City Asset Management Ltd recorded a unit price growth of 7.91% in May 2021. Legacy USD Bond Fund invests in credit-rated, US Dollar denominated fixed income securities issued by the Nigerian Government, Supranational bodies, and corporate entities. The Fund seeks to generate stable income over the long-term. The Fund is a Securities & Exchange Commission registered US Dollar-denominated Collective Investment Scheme, structured as a high-yield mutual fund. The Legacy USD Bond Fund was launched on the 8th of January, 2018, and was listed on the Nigerian Stock Exchange on the 23rd of April, 2018.
Legacy USD Bond Fund- First City Asset Management Limited (Bond Funds) The net asset value of the fund also increased by 7.41% from N653.34 million as of 30th April 2021, to N701.76 million at end of May 2021. The issue price is $100 per unit and the minimum initial investment for the offer is 10 units ($1000) of the funds, while additional/subsequent investments will be issued in multiples of 1-unit equivalent to $100.Ĭommentary: The Afrinvest Dollar Fund managed by Afrinvest Asset Management Limited performed as the third-best fund in May 2021.
Best performing mutual funds last 6 months free#
There is free entry and exit for investors subject to the prevailing Fund price.
The objective of the Fund is to achieve income generation and capital appreciation in the short to medium term for investors with dollars and designed to deliver significantly higher returns than what is obtainable from the average domiciliary account in the local banks. The Afrinvest Dollar Fund is an open-ended mutual fund that invests in Dollar-denominated Securities, floated by Nigerian Sovereigns, supranational entities, and Corporates as may be determined by the Fund Manager. Meanwhile, the fund’s net asset value also decreased by 13.61% from N211.49 million as of 28th April 2021 to N182.71million at end of May 2021.Īfrinvest Dollar Fund – Afrinvest Asset Management Ltd (Bond Funds) The minimum investment offer is N10,000 with a minimum holding period of 30 days.Ĭommentary: Meristem Equity market fund, managed by Meristem Wealth Management Ltd, is fourth on the list, recorded unit price appreciation of 5.57% from N10.57 as of April 2021 to N11.15 in May 2021.