Nigeria Bond

Nigeria bond mutual funds and ETFs invest the majority of their assets... Nigeria bond mutual funds and ETFs invest the majority of their assets in government and corporate debt of governments and corporations in Nigeria. These funds can be actively or passively managed and may seek to track or outperform a particular benchmark. They may hedge foreign currency risk, or elect to leave themselves exposed to fluctuations in the Nigerian Naira. Depending on their mandate, a Nigerian bond mutual fund or ETF may focus on investment-grade bonds, high-yield (a.k.a. junk bonds), or a mix of credit quality. Government is the largest issuer of debt in Nigeria, at 44% of GDP as of 2024. Investors purchase Nigeria Bond Mutual Funds and ETFs to get both capital growth and income. These funds can vary significantly in terms of risk. A fund that exclusively invests in short-term Nigerian government debt is likely to be more conservative than a fund that only invests in high-yield corporate debt, for example. Last Updated: 12/27/2024 View more View less

Nigeria bond mutual funds and ETFs invest the majority of their assets in government and corporate debt of governments and corporations in Nigeria. These funds can be actively or passively managed and may... Nigeria bond mutual funds and ETFs invest the majority of their assets in government and corporate debt of governments and corporations in Nigeria. These funds can be actively or passively managed and may seek to track or outperform a particular benchmark. They may hedge foreign currency risk, or elect to leave themselves exposed to fluctuations in the Nigerian Naira. Depending on their mandate, a Nigerian bond mutual fund or ETF may focus on investment-grade bonds, high-yield (a.k.a. junk bonds), or a mix of credit quality. Government is the largest issuer of debt in Nigeria, at 44% of GDP as of 2024. Investors purchase Nigeria Bond Mutual Funds and ETFs to get both capital growth and income. These funds can vary significantly in terms of risk. A fund that exclusively invests in short-term Nigerian government debt is likely to be more conservative than a fund that only invests in high-yield corporate debt, for example. Last Updated: 12/27/2024 View more View less