Every year · 2025 · 2024 · 2023 · 2022 · 2021 · 2020 · 2019 · 2018

2019: the board for the year

65 funds ranked on the return made over calendar 2019 — the last filing of 2018 against the last filing of 2019. Every fund that filed with the Commission that year is here, including the ones that have since closed. Led by New Gold ETF at +30.5%.

Return over calendar 2019. A fund that holds its unit price flat and files an annualised yield is measured by compounding that yield; every other fund by its unit price. The same arithmetic the board uses for its calendar-year column.
#Fund2019
1New Gold ETFNew Gold Managers (Proprietary) Ltd · ETF+30.5%
2Vetiva S & P Nig. Sovereign Bond ETFVetiva Fund Managers Limited · ETF+27.3%
3Stanbic IBTC Dollar FundStanbic IBTC Asset Mgt. Limited · Fixed Income+24.4%
4United Capital Euro Bond Fund (now United Capital Nigerian Eurobond Fund)United Capital Asset Mgt. Ltd · Fixed Income+23.8%
5ACAP Income Fund (now GDL Income Fund)Alternative Capital Partners Limited · Fixed Income+22.5%
6Coronation Fixed Income FundCoronation Asset Management · Fixed Income+16.4%
7Kedari Investment Fund (KIF) (no longer filing)Investment One Funds Management Limited · Fixed Income+15.1%
8Stanbic IBTC Absolute Fund (Sub Fund) (no longer filing)Stanbic IBTC Asset Mgt. Limited · Fixed Income+14.1%
9Nigeria International Debt FundAfrinvest Asset Mgt Ltd. · Fixed Income+13.4%
10Legacy Debt Fund (now FCMBAM Debt Fund)First City Asset Management Limited · Fixed Income+13.0%
11AIICO Balanced FundAIICO Capital Ltd · Balanced+12.1%
12Coral Income FundFSDH Asset Management Ltd · Fixed Income+11.8%
13Stanbic IBTC Conservative Fund (Sub Fund)Stanbic IBTC Asset Mgt. Limited · Fixed Income+11.7%
14Lead Fixed Income FundLead Asset Management Limited · Fixed Income+11.6%
15Frontier FundSCM Capital Limited · Equity+11.3%
16Stanbic IBTC Balanced FundStanbic IBTC Asset Mgt. Limited · Balanced+11.2%
17Stanbic IBTC Guaranteed Investment FundStanbic IBTC Asset Mgt. Limited · Fixed Income+11.2%
18Stanbic IBTC Bond FundStanbic IBTC Asset Mgt. Limited · Fixed Income+10.9%
19Zenith Income FundZenith Asset Management Ltd · Fixed Income+10.5%
20Coronation Balanced FundCoronation Asset Management · Balanced+9.6%
21Nigeria Entertainment Fund (now Greenwich Balanced Fund)Greenwich Asset Management Limited · Balanced+9.3%
22CEAT Fixed Income FundCapital Express Asset and Trust Limited · Fixed Income+9.2%
23Women Investment Fund (no longer filing)Chapel Hill Denham Mgt. Limited · Balanced+8.3%
24Paramount Equity FundChapel Hill Denham Mgt. Limited · Equity+7.4%
25ACAP Canary Growth Fund (no longer filing)Alternative Cap. Partners Ltd · Balanced+7.0%
26United Capital Balanced FundUnited Capital Asset Mgt. Ltd · Balanced+6.0%
27Cordros Milestone Fund 2023 (no longer filing)Cordros Asset Management Limited · Balanced+5.5%
28EDC Fixed Income FundEDC Fund Management Limited · Fixed Income+5.3%
29FBN Fixed Income Fund (now First Asset Bond Fund)FBN Capital Asset Mgt Limited · Fixed Income+5.2%
30Coral Growth Fund (now Coral Balanced Fund)FSDH Asset Management Ltd · Balanced+4.6%
31UPDC Real Estate Investment Fund (now UPDC Real Estate Investment Trust)FSDH Asset Management Ltd · Real Estate+4.2%
32Cordros Milestone Fund 2028 (no longer filing)Cordros Asset Management Limited · Balanced+4.0%
33Vantage Balanced Fund (now Guaranty Trust Balanced Fund)Investment One Funds Management Limited · Balanced+3.7%
34FBN Nigeria Balanced Fund (now First Asset Balanced Fund)FBN Capital Asset Mgt. Limited · Balanced+3.5%
35ARM Ethical Fund (now ARM Halal Balanced Fund)Asset & Resources Mgt. Co. Ltd · Specialist+3.2%
36Lotus Capital Fixed Income Fund (now Lotus Halal Fixed Income Fund)Lotus Capital Limited · Fixed Income+3.1%
37Chapel Hill Denham Nig. Infra Debt Fund (NIDF) (now Nigeria Infrastructure Debt Fund (NIDF))Chapel Hill Denham Management Limited · Real Estate+1.2%
38PACAM Balanced FundPAC Asset Management Limited · Balanced+1.0%
39PACAM Fixed Income FundPAC Asset Management Limited · Fixed Income+1.0%
40United Capital Wealth for Women FundUnited Capital Asset Mgt. Ltd · Balanced+1.0%
41United Capital Equity FundUnited Capital Asset Mgt. Ltd · Equity+0.3%
42Stanbic IBTC Aggressive Fund (Sub Fund)Stanbic IBTC Asset Mgt. Limited · Equity−0.1%
43Stanbic IBTC ETF 30 FundStanbic IBTC Asset Mgt.Limited · ETF−2.0%
44ARM Discovery Fund (now ARM Discovery Balanced Fund)Asset & Resources Mgt. Co. Ltd · Balanced−2.7%
45Afrinvest Equity FundAfrinvest Asset Mgt Ltd · Balanced−2.8%
46Legacy USD Bond Fund (now FCMBAM USD Bond Fund)First City Asset Management Limited · Fixed Income−2.8%
47AXA Mansard Equity Income FundAXA Mansard Investments Limited · Equity−3.1%
48Stanbic IBTC Imaan FundStanbic IBTC Asset Mgt. Limited · Specialist−3.8%
49Zenith Ethical Fund (now ESG Impact Fund)Zenith Asset Management Ltd · Specialist−5.2%
50Stanbic IBTC Ethical FundStanbic IBTC Asset Mgt. Limited · Specialist−5.3%
51Zenith Equity Fund (now Zenith Balanced Strategy Fund)Zenith Asset Management Ltd · Balanced−5.8%
52Stanbic IBTC Nigerian Equity FundStanbic IBTC Asset Mgt. Limited · Equity−7.1%
53ARM Aggressive Growth FundAsset & Resources Mgt. Co. Ltd · Equity−7.2%
54Legacy Equity Fund (now FCMBAM Equity Fund)First City Asset Management Limited · Equity−7.3%
55VETBANK ETFVetiva Fund Managers Limited · ETF−9.2%
56Skye Shelter Fund (now SFS Real Estate Investment Trust Fund)SFS Capital Nigeria Ltd · Real Estate−10.0%
57Union Homes REITSSFS Capital Nigeria Ltd · Real Estate−10.0%
58Meristem Equity Market FundMeristem Wealth Management Limited · Equity−11.6%
59VG 30 ETFVetiva Fund Managers Limited · ETF−14.0%
60VI ETFVetiva Fund Managers Limited · ETF−15.3%
61Lotus Capital Halal ETF (no longer filing)Lotus Capital Limited · ETF−17.9%
62FBN Nigeria Smart Beta Equity Fund (now First Asset Nigeria Smart Beta Equity Fund)FBN Capital Asset Mgt · Equity−18.8%
63VCG ETFVetiva Fund Managers Limited · ETF−20.1%
64SIAML ETF 40Stanbic IBTC Asset Mgt.Limited · ETF−23.1%
65SFS Fixed Income FundSFS Capital Nigeria Ltd · Fixed Income−41.5%

Filed in 2019, not ranked

37 funds with no figure for the whole year. A dash needs a reason, so each one says why. 20 of them are money market and other flat-price funds, whose return is the yield they file rather than a price move; the Commission’s return only began carrying a yield column in March 2023, so those funds have no honest figure for 2019, and a flat price is not a return of zero.

Built from the weekly return the SEC publishes, as it stood at the 2026-08-14 filing. A fund that changed its name is ranked once, under the name it filed in 2019.