Ibtc Equity Fund?

Hi,

IBTC Equity funds tend to be the best performer among the Mutual Funds. However, at the current price of over 11000 naira, it may be a bit too high price to join. However there are some other new funds too. Oceanic Vintage Fund, FBN Heritage Fund, etc. But no one knows what their performance would be like yet. But it is always good to start early when it is still affordable,  But generally, buying shares directly from the stock market will still outperform the mutual funds if you are not very unlucky.

Ciao
Kunlef

Hey guyz can you please elaborate more for me on this IBTC Ethical fund, i really don't know how it works, but have an idea about stock market. Thank you

As the name implies, Ethical funds do not invest in certain business unlike general mutual funds. Some people for certain reasons would never put their money in certain businesses. So, it is really made for them. For example, some people for religious reason would never want their monies invest in a brewery, so for them, the Ethical fund is it. No investment in the Brewery sector.


Basically, it;s a mutual fund that limits investment alternatives to securities of firms meeting certain social standards. For example, an ethical fund might exclude securities of companies that are known to practice discrimination, that operate in certain countries, or that produce specific products (for example, those having to do with cigarettes and alchohol).