Fund managers retain surprising optimism in the face of stagnant stock market and tumultuous bond market
Many asset allocators are waiting for bond yields to hit 6% before they flip the switch from equities to fixed income, but a significant portion are already making the transition.
Berkshire Asset Management Limited has introduced a new Money Market Fund open to retail and institutional investors with a minimum subscription of N10,000. The fund, registered with the Securities and Exchange Commission (SEC), offers 2 billion units at N1 each and will invest primarily in short-term, investment-grade money market instruments.
Subscriptions opened on October 12, 2026, and investors can subscribe in multiples of 5,000 units. The fund, launched at the Lagos Continental Hotel in Lagos, is rated by DataPro Limited and audited by Ijewere & Co. Berkshire Asset Management Limited, the fund's manager, aims to deepen Nigeria's capital market through a range of investment products and digital solutions.
Written by urgent.news from Nairametrics's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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