Business a.m.

2021 Mutual Funds Outlook and Awards Nominees

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BUSI NESS A.M. IS PLEASED to announce the nominees for its 2021 Mutual Funds Outlook and Awards. The awards will recognize and celebrate portfolio managers, asset management firms, and up-and-coming managers who demonstrat­e excellent investment skills in adding the most value to investors through their consistent risk-adjusted-performanc­e.

The shortlist of nominees was chosen after extensive research by judges and the research team, including reviewing data from the Securities and Exchange Commission of Nigeria and taking soundings from third-party industry experts. Our judging criteria are based on the following and more:

• Strong performanc­e of funds in the year 2020, relative to funds in the same asset class (Using Harry Markowitz model)

• Having a competitiv­e expense ratio

• Value of assets under management ( for some award categories)

• Having marketing materials that are accountabl­e to the interests of individual investors displayed on companies’ websites

A list of the winners of the award program will be revealed during our forthcomin­g virtual conference on ‘2021 Mutual Funds Outlook and Awards’ and also published in the postevent supplement that would be published in the newspaper.

Separately, as part of the celebratio­ns, we will also hold a live panel where industry experts will discuss “2021 Outlook of Fund Management”

Here is the full list of 2021 nominees:

Asset Management Company of the Year

Stanbic IBTC Asset Mgt. Limited United Capital Asset Mgt. Ltd FBN Capital Asset Mgt. Limited Chapel Hill Denham Mgt. Limited

Bond Funds Awards

Stanbic IBTC Bond Fund United Capital Bond Fund

Fixed Income Awards

Coronation Fixed Income Fund Anchoria Fixed Income Fund Zenith Income Fund FBN Fixed Income Fund

Dollar/Euro denominate­d Funds

Legacy USD Bond Fund Nigeria Eurobond Fund Stanbic IBTC Dollar Fund

Equity Funds Awards

Vantage Equity Income

Fund Pacam Equity Fund Anchoria Equity Fund Legacy Equity Fund United Capital Equity Fund

Mixed Funds Awards

AIICO Balanced Fund Coral Growth Fund Lead Balanced Fund Vantage Balanced Fund

ETHICAL FUNDS

Stanbic IBTC Imaan Fund Stanbic IBTC Ethical Fund Lotus Halal Inv. Fund

Best Women-focused fund of the year

Women Investment Fund United Capital Wealth for Women Fund

Money Market Funds Awards

AXA Mansard Money Market Fund United Capital Money Market Fund

Ethical Funds Award

Stanbic IBTC Imaan Fund Stanbic IBTC Ethical Fund

Lotus Halal Inv. Fund

SPECIAL JUDGES AWARDS

Outstandin­g Asset Management Company Awards Lead Asset Mgt Ltd Anchoria Asset Management Limited

Other funds, firms, and products that have been nominated are: FBN Edge Fund Management Innovation Award Chapel Hill Denham Nigeria Infrastruc­ture Debt Fund Nigeria Internatio­nal Debt Fund Vetiva S&P Nigeria Sovereign Bond Exchange Traded Fund

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