ValuAlliance is pleased to announce that the fund risk rating of its Money Market Fund has been reviewed upward from A(f) to A+(f) by Agusto & Co., one of Nigeria’s rating agencies. The rating reflects the Fund’s low exposure to credit, liquidity, and interest rate risks and the strict adherence to regulatory and internal guidelines.
Within the review period (March 2021 – February 2022), the Fund held an average of 30% of net assets in Federal Government of Nigeria (FGN) securities, which are rated ‘Aaa’ on the national rating scale.
Funds rated ‘A+(f)’ are believed to have low to moderate exposure to downside risk (impairment to the net asset value) in the medium term. The Fund’s main objective is to continue providing investors with a steady return on capital, liquidity, and capital preservation by making credible investments in a diversified portfolio of high-quality, short-term money market instruments.
About the ValuAlliance Money Market Fund
ValuAlliance Money Market Fund is an open-end collective investment scheme promoted and managed by ValuAlliance Asset Management Limited (‘ValuAlliance’)- a wholly-owned subsidiary of the African Capital Alliance (ACA) Group.
Click here to read more.