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Berkshire Asset Management Launches N2 Billion Money Market Fund

Berkshire Asset Management Limited has launched a new N2 billion Money Market Fund, with subscriptions opening on October 12, 2026. The open-ended unit trust scheme is registered with the Securities and Exchange Commission (SEC) and allows both retail and institutional investors to participate with a minimum subscription of N10,000. Each unit is priced at N1, and the fund aims to provide capital preservation and liquidity by investing in short-term, investment-grade debt instruments. The fund is benchmarked against the average yield of 91-day Nigerian Treasury Bills. Key partners include CFG Africa Trustees Limited, Rand Merchant Bank Nigeria Limited, and Cordros Registrars Limited.

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