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Mutual funds

SEC commences 100% custody requirement in CIS — DG

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The Securities and Exchange Commission (SEC) has announced that it has commenced implementation of 100 per cent custody requirement in the Collective Investment Schemes (CIS) sector to protect investors. The Director-General of the SEC, Mr. Lamido Yuguda, said this in a statement issued on Sunday, in Lagos. Yuguda said the custody requirement covered all Funds […]

Mutual funds to hit N1.5trn in 2020, says SEC

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The Securities and Exchange Commission (SEC) has expressed optimism that mutual funds in the capital market will hit N1.5 trillion before the end of the year. CIS also known as Mutual Funds is an arranged pool of funds managed on behalf of investors by a professional money manager which may invest in; ventures capital, portfolio […]