Coronation Asset Management Launches New Equity Fund

Coronation Asset Management has unveiled the Coronation Equity Fund, an open-ended collective investment scheme designed to give investors structured access to long-term growth opportunities within Nigeria's equity market. This launch comes amid renewed momentum in the Nigerian Exchange, with the NGX share index delivering a 51.19% return and reaching a historical high, supported by stronger corporate earnings and macroeconomic reforms that have renewed investor confidence.

The fund is tailored for investors seeking professional management and exposure to long-term opportunities, focusing on fundamental assessments rather than sector index weights. It mandates a minimum investment of ₦50,000, with additional subscriptions in multiples of ₦5,000 and a minimum holding period of 180 days.

The fund will invest at least 70% of its assets in listed Nigerian equities, with the remainder in fixed income and money market instruments. The fund is custodied by Access Bank PLC (NGX: ACCESSCORP) and held in trust by Paxhil Minerva Limited, under the oversight of the Securities Exchange Commission.