PAC Asset ranked among 2020 best mutual funds

PAC Asset Management (PACAM) Equity Fund has been ranked among best 2020 Performing Mutual Funds by Nairalytics Data –the research arm of Nairametrics that tracks, collates, maintains, and manages a rich database of macroeconomic and micro-economic data from Nigeria and Africa.

The category for Best Performing Mutual Funds in 2020 was awarded to ten mutual funds manager with PACAM Equity Funds delivering a return of 55.5 percent for the period, earning a place as one of the top three performers for the year. PACAM is a pure equity fund that invests funds predominantly in a portfolio of Nigerian companies, using a rigorous research-based system.

Nairametrics commented: “This is an Equity-based Fund by PAC Asset Management Limited. The Fund grew by 55.6 percent in 2020. The performance is impressive considering that it is purely focused on Equity, which reflects the performance recorded in the equities market of the NSE in 2020. The net asset value grew by 41.1 percent from N204.9 million recorded in 2019 to N289.2 million in 2020.”

Featured on the Best Performing Mutual Funds in 2020 list are Stanbic Iman Fund, 36.6 percent, and Equity Fund, 36.3 percent, coming in 6th and 8th position respectively. AIICO Balanced Fund 48.2 percent made 5th position while Legacy Fund 36.6 percent, Lead Balanced Fund, 34.4 percent; VG 30 ETF, 38.6 percent; Lotus Capital Halal ETF, 51.7 percent, coming in 9th, 10th, 7th, and 4th place on the list. Seated in 1st, and 2nd positions are VI ETF 95.6 percent, and New Gold ETF 74.3 percent, respectively.

Speaking on the win, Dele Ige, managing director, PAC Asset Management, noted that “We are pleased with the outcome of our efforts to return value to unit holders of PACAM Equity Fund. This means we need to get better at what we are doing to continue to deliver sustained value to investors.”