Nigerian Eurobond Fund
The Nigerian Eurobond Fund is a dollar-denominated mutual fund invested in Eurobonds floated by the Federal Government of Nigeria and other qualifying Eurobonds registered by the Securities and Exchange Commission.
Benefits and Features of Nigerian Eurobond Fund:
Liquidity
Significantly higher returns than domiciliary bank accounts
Good hedge against the depreciation of the Naira
Open-ended funds; they are open for new and additional investment
Minimum holding period of 90 days
Dividends are net of withholding tax to the unit holders
Redemption requests are processed upon verification and subject to applicable holding requirements