Earn returns
in US Dollars
FBN Dollar Fund
The FBN Dollar Fund is a medium to long term investment fund that provides income and capital appreciation by putting your capital into US dollar denominated funds issued by the Nigerian government and reputable corporate institutions.
Minimum Balance
With $1,000 for retail you can start investing in the FBN Dollar Fund, a multi-asset mutual fund suitable for investors with an inclination for earning greater rewards over a long-term period.
Competitive Returns
The FBN Dollar Fund offers a competitive rate on investments, a smart alternative to investment growth and higher interest rates than a regular US dollar domiciliary bank account
USD Debt Instrument
The fund seeks to provide competitive income and total returns in USD primarily by investing in USD debt instrument of the Nigerian government, corporate and financial institutions
Why FBN Dollar Fund?
The FBN Dollar Fund is an effective way to invest in the ever-changing economic environment. This is a mutual fund that provides income and capital appreciation by investing in the US Dollar denominated debt instruments issued by the Nigerian government and reputable corporate institutions which allows you to earn an income in dollars.
Fund Facts
Launch Date: 4 January 2016
Fund Size: $12.36m
Benchmark: 3-Year Nigerian Sovereign Eurobond
Minimum holding period: 180 days
Risk Profile: Medium Risk
Base Currency: US Dollars ($)
Fund Strategy
The fund is an open ended mutual fund that invests in a broad range of long tenured US Dollar denominated debt securities issued by the Federal Government of Nigeria (FGN), State Governments and highly rated corporate and financial institutions. The fund may also invest to a limited extent, in Nigerian local currency debt instruments where such an investment will enhance returns without exposing the fund to undue currency risk.
Cumulative Performance
- 5.21% fund yield for 2021
- 5.04% fund yield for 2022
- 56.79% fund yield from inception till date
Assets allocation ranges
The fund’s assets can be broadly broken down as follows:
- 21% is invested in Money Market Instruments
- 22% is invested in Nigerian Corporate Eurobonds
- 57% is invested in Nigerian Sovereign Eurobonds
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#BeyondToday
At FBNQuest, we believe success is progressive. By cultivating a strong investment lifestyle, you are going beyond today for a brighter future.