FBNQUEST Asset Management Records strong performance in Mutual Funds

Monday,September 17, 2018/05:57PM/FBNQuest

FBNQuest AssetManagement is an FBN Holdings company, and is one of the leading investmentmanagement firms in Nigeria with a proven track record of delivering value toclients by offering bespoke investment management solutions. The firm iscommitted to building awareness that investing is not only for the wealthy andnew investors do not have to figure it out alone but can speak to advisers tohelp them either begin their journey, or navigate the course to achieve theirgoals.

FBNQuest AssetManagement’s mutual funds portfolio has performed strongly on a year-to-datebasis (as at the 31^stJuly 2018), and they offer a number of mutualfunds which are accessible based on the minimum starting amount, risk appetiteand investment goals of the client.

For low-risk investorswho require investments that can be easily sold or converted to cash whilecontinuing to have a steady profit from their investments, the FBN Money MarketFund is an ideal solution. This Fund allows investors earn a return on their investmentsfrom money market instruments such as treasury bills, without needing toaccumulate a large amount to be able to purchase the instruments directly. TheFund has provided investors with an average annual return of 14.11% for theyear to 31^st July 2018, while the yield as at the 31^st ofJuly 2018 was 12.28%.

Investors who have a lowto medium-risk appetite and require a source of income from their investmentsmay wish to get involved in the bond market in Nigeria via the FBN Fixed IncomeFund. The Fund Manager invests in government and corporate bonds as well as inmoney market securities, which provides a level of stability for the Fund. TheFBN Fixed Income Fund is a tactical product for retail investors to earn anincome from investing in bonds, while still having access to cash when theyneed it.

For the higherrisk-investor however, the FBN Nigeria Smart Beta Equity Fund is an optionwhich gives exposure to the equity market in Nigeria. It has a minimumweighting of 75% to equities at any time, and has provided investors a totalreturn of 4.25% for the year to 31^st July 2018, also outperformingthe NSEASI.

Clients with foreigncurrency (USD)are also provided with an opportunity to invest in the samecurrency without converting to naira through the FBN Nigeria Eurobond (USD)Fund. This Fund invests in US dollar debt instruments (Eurobonds)issued by theNigerian government and Nigerian corporate organisations, so investors earntheir returns in foreign currency as well. The Fund is classified asmedium-risk and has provided a total return of 3.35% in USD to its investors ona year-to-date basis as at the 31^st of July 2018.

FBNQuest AssetManagement is a leading asset manager in Nigeria for individual andinstitutional investors. The firm was recognized as the ‘Best Asset Manager inNigeria’ in the prestigious Euromoney Private Banking and Wealth ManagementSurvey 2017, and the EMEA Finance African Banking Awards 2017. The prestigiousEuromoney Private Banking and Wealth Management Survey is the industry’sleading barometer of the world’s best service and product providers. The surveycovers 15 different product and client categories and has ranking results in 70countries, in which FBNQuest Asset Management emerged number one in Nigeria.