This is further backed by a recent report by Quantitative Financial Analytics which estimated that Nigerian mutual funds attracted the sum of N42 billion inflows in Q1, 2017 as against the N49 billion inflow recorded the entire 2016. Nigeria’s mutual funds’ assets also grew to N318 billion as at the beginning of H2, 2017, up by 42 percent on a YTD basis from the 2016-year end value of N223.6 billion.
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