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 and held in trust by Paxhil Minerva Limited, under the oversight of the Securities Exchange Commission.