Meristem Money Market Fund

Meristem Money Market FundA mutual fund that invests mainly in short-term, relatively liquid instruments such as treasury bills and deposits. is a money market funds managed by Meristem Wealth Management Limited. It holds NGN 114.27B in net assets, ranking #13 out of 199 mutual funds and #8 out of 47 similar funds.

Money market funds generally focus on short-term fixed incomeInvestments that create contractual or expected interest and principal payments. instruments, so investors usually read them through yield consistency, liquidityThe ease and speed with which an investment can be converted into cash without a major price concession., and the stability of their unit price.

Currently, Meristem Money Market Fund's reported year-to-date yield is 17.64% and its reported week-to-date yield is 17.64%. Treat these as yield indicators for comparison, not as proof that the fund earned 17.64% in one week or delivered a cumulative 17.64% investorA person or organisation that commits capital with the expectation of a financial return. return year to date.

The bid priceThe price at which a fund or market participant buys units or securities from an investor. is NGN 10.00 and the offer priceThe price at which a fund or market participant sells units or securities to an investor. is NGN 10.00, leaving a spread of NGN 0.00. A wider bid-offer spreadThe difference between the price at which units can be sold and the price at which they can be bought. can matter for entry and exit pricing, so it should be checked against the manager's current dealing terms.

11,191 unitholders gives this fund a visible investor base while still leaving room to compare distributionIncome or realised gains paid by a fund to its unitholders. strength with larger peers. The fund accounts for 1.25% of total fund net asset value and 1.98% of funds with the same type.