Nigeria

Nigeria mutual funds and ETFs invest in a wide range of asset... Nigeria mutual funds and ETFs invest in a wide range of asset classes in Nigeria. Depending on their mandate, these funds may invest in equities, fixed income, commodities, and alternatives. However, equities are the most common asset class. These funds cover a wide range of stocks across all sectors of the market as well as market caps and share classes. They can be indexed or actively managed. The Nigerian economy, the world’s 26th largest by nominal Gross Domestic Product as of 2021, is characterized by rapid GDP growth, a burgeoning population, and a heavy reliance on oil for government revenues. Investment as a share of GDP was 33.8% as of 2021, matching its average going back to 1981. As an emerging market economy, Nigeria focused mutual funds and ETFs may be appropriate for aggressive investors. Last Updated: 09/29/2023 View more View less

Nigeria mutual funds and ETFs invest in a wide range of asset classes in Nigeria. Depending on their mandate, these funds may invest in equities, fixed income, commodities, and alternatives. However, equities are... Nigeria mutual funds and ETFs invest in a wide range of asset classes in Nigeria. Depending on their mandate, these funds may invest in equities, fixed income, commodities, and alternatives. However, equities are the most common asset class. These funds cover a wide range of stocks across all sectors of the market as well as market caps and share classes. They can be indexed or actively managed. The Nigerian economy, the world’s 26th largest by nominal Gross Domestic Product as of 2021, is characterized by rapid GDP growth, a burgeoning population, and a heavy reliance on oil for government revenues. Investment as a share of GDP was 33.8% as of 2021, matching its average going back to 1981. As an emerging market economy, Nigeria focused mutual funds and ETFs may be appropriate for aggressive investors. Last Updated: 09/29/2023 View more View less