The Legacy Money Market Fund (LMMF) is a low risk, open-ended, Nigerian Naira-denominated mutual fund that invests in Money Market Instruments. It is registered with the Securities and Exchange Commission, Nigeria. The Fund can invest up to 100% in Nigerian Treasury bills. Its performance is benchmarked against the average yield on the 90-day Nigerian Treasury bill. The Fund is targeted at individual and institutional investors. The Fund's primary objective is to preserve capital, and its secondary objective is to generate stable income for investors. The minimum holding period is 1 month.
The Fund is rated A+(f) by Agusto & Co. In addition, we have a Customer Portal through which investors can view their holding in the Legacy Money Market Fund. Login details will be sent to the investor's registered email address, once the investor has registered at https://portal.fcmbassetmanagement.com
A screenshot of the home page is below.
The Fund is a relatively low-risk mutual fund that invests 100% of the portfolio in Money Market Instruments, with a minimum of 25% of the portfolio in Nigerian Treasury bills. Liquidity is assured, as the Fund Manager provides daily bid and offer prices. In addition, the asset allocation strategy of the Fund ensures that the Fund is diversified.
Trading and Settlement is done to provide best execution.
An Investment Committee meeting is held at least once a quarter to determine the direction of the market and how to take advantage of emerging opportunities, which culminates in a house view. The decisions arrived at these meetings guide the Fund Manager on how best to invest the assets of unit holders in the Fund.
"principal and return on investment are not guaranteed"
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