Nigeria’s dollar mutual funds continued to attract investor interest in the first half of 2025, with the Net Asset Value (NAV) rising by 12.4% to N1.92 trillion as of June 2025, according to the latest data from the Securities and Exchange Commission (SEC).
Dollar mutual funds are collective investment schemes that primarily allocate capital to Eurobonds and other dollar-denominated fixed income securities, offering Nigerian investors a reliable hedge against the depreciation of the local currency while providing access to relatively stable returns.
These funds have gained popularity among both retail and institutional investors looking to diversify their portfolios and protect wealth against currency risk.