This rating was awarded based on the Fund’s low exposure to liquidity and interest rate risks as well as its satisfactory internal credit evaluation process for investment. The rating is coming despite the deteriorating macroeconomic environment.

Speaking on the latest rating, the Business Head of Asset Management, Abigail Utomi, said, “Norrenberger is honoured to have received the Bbb+(f) rating from Agusto & Co. for the Money Market Fund, being relatively new to the market.” She further opined that a Bbb+(f) rating is a testament to Norrenberger’s commitment to providing reliable wealth creation opportunities to clients despite uncertainties and is a step towards becoming the go-to investment for discerning investors in the market.”

The Norrenberger Money Market fund is a collective investment scheme registered with the Securities and Exchange Commission (SEC). The Fund seeks to provide capital preservation & stable yet competitive investment returns for investors investing in the money market. It invests in Nigerian short-term money market instruments such as Federal Government Treasury Bills, Bankers’ Acceptance, Commercial Papers, and Certificates of Deposit. The Fund was launched in July 2021.

Earlier in the year, Agusto & Co. rated Norrenberger Investment & Capital Management Limited (NICML) as a BBB- Investment Manager. The rating agency considers NICML to have adequate investment and risk management capabilities.

The post Agusto & Co assigns Bbb+(f) rating to Norrenberger Money Market Fund appeared first on Norrenberger Asset Management Limited.

As of the end of Q1 2022, the Norrenberger Mutual Funds (Norrenberger Money Market Fund and Islamic Fund) were listed in the top five performing funds in their categories.

Norrenberger Money Market Fund

The Norrenberger Money Market Fund averaged 9.14% in Q1 2022, improving from the Q4 2021 average yield of 8.46%. According to the SEC, as of 1st April 2022, the fund ranked 4th best-performing Money Market Fund.

Norrenberger Islamic Fund

The Norrenberger Islamic Fund in Q1 2022 recognized significant improvement in its average yield over Q4 2021 average performance. In Q1 2022, the shari’ah compliant fund recognized an average yield of 8.55% compared to 7.64% recorded in Q4 2021. As of the end of the quarter, the Norrenberger Islamic Fund ranked 2nd amongst other Shariah-compliant funds in the industry, according to the Securities and Exchange Commission.

The Funds have grown by 37.33% in Q1 alone, and the Fund Manager continues to ensure optimal performance of both Funds. The SEC (Securities and Exchange Commission) recently released new data for mutual funds, our funds were once again among the top-performing funds.

Below is the most recent ranking by the SEC as of 14th April 2022.

NMMF seeks to provide capital preservation, steady income, liquidity, diversification, and competitive returns to investors in the money market. NIF aims to offer Shariah-compliant-minded investors liquidity and competitive returns by investing in Shariah-compliant instruments of good investment grade.

Norrenberger remains committed to being your trusted investment partner in wealth creation. Thank you for allowing us to be of service to you.

You can learn more about our mutual funds by clicking here.

The post Norrenberger Money Market Fund and Norrenberger Islamic Fund Update – April 2021 appeared first on Norrenberger Asset Management Limited.

What is Halal Investing?

Halal investing means investing in a way that complies with the principles of the Shari’ah law. It’s an excellent way to grow your wealth while being mindful of your obligations as a Muslim.

The event will be moderated by Monsurat Ayoola, the Head of Informal Sector Funds and Investments at Norrenberger. The panel will have Tijani Oladipupo, Head of Norrenberger Advisory Partners Limited, and Dr. Abdulateef Bello, a Shari’ah Advisor.

During this event, attendees will learn how investing the halal way can help them get the highest returns possible while still being held accountable for their values. You’ll also know how halal investing is different from conventional investing and what that means for your bottom line.

Attendees will leave with a better understanding of how they can use this information to make intelligent decisions about where to put their money. This information is vital for Muslims who want to invest ethically and profitably but don’t know where to start or how to do so successfully.

Norrenberger is one of the leading companies in the financial services sector with a strong focus on providing opportunities for people to create wealth.

You can register for the webinar with this link: bit.ly/halalih

The post Halal Investment Hangout: Investing the Halal Way appeared first on Norrenberger Asset Management Limited.