Coronation Asset Management Launches Equity Fund as NGX Rally Strengthens Investor Interest

Coronation Asset Management has launched the Coronation Equity Fund, an open-ended collective investment scheme aimed at providing investors with long-term exposure to opportunities within the Nigerian equities market.

The company said the offer opened on May 11, 2026, as investor participation in the Nigerian stock market continues to rise following strong market performance and renewed confidence in listed equities.

The launch comes amid sustained bullish momentum on the Nigerian Exchange, where the NGX All-Share Index recorded a year-to-date return of 51.19 per cent in 2025, supported by stronger corporate earnings, macroeconomic reforms, and improving investor sentiment.

Managing Director of Coronation Asset Management, Aigbovbioise Aig-Imoukhuede, said the fund was designed to support investors seeking professionally managed long-term participation in the Nigerian capital market.

“Nigeria continues to reward patient, disciplined investors. The Coronation Equity Fund exists for those who are building something that lasts – wealth that compounds over time, guided by rigorous research and active portfolio management. Our role is to help clients transform their financial aspirations into enduring legacies,” he said.

According to the company, the fund will invest a minimum of 70 per cent of its assets in listed Nigerian equities, while maintaining flexibility to hold fixed-income and money market instruments for liquidity management purposes.

The firm stated that investment decisions would be driven primarily through a bottom-up stock selection strategy, where companies are evaluated individually based on their fundamentals rather than broader sector allocations or index weighting.

The minimum subscription for the fund was fixed at N50,000, while additional investments can be made in multiples of N5,000.

Coronation Asset Management also disclosed that the fund carries a minimum holding period of 180 days.

Investors can access the fund through the Coronation Wealth App, the Coronation Wealth Hub digital platform, or through physical subscription forms available at Coronation Plaza in Victoria Island, Lagos.

The company stated that the fund is being custodied by Access Bank Plc, while Paxhill Minerva Limited serves as trustee under the regulatory supervision of the Securities and Exchange Commission.

According to the company, the launch forms part of broader efforts to deepen participation in Nigeria’s capital market and provide structured wealth creation opportunities for retail and institutional investors.

The Coronation Equity Fund joins the company’s wider portfolio of managed investment products and advisory services offered through the Coronation Group’s financial services platform.

They also noted that professionally managed collective investment schemes are becoming increasingly attractive to retail investors seeking diversified exposure to the Nigerian equities market without directly managing stock portfolios.

The Nigerian equities market has continued to attract strong investor inflows in recent months, supported by improving liquidity conditions, stronger earnings performance across banking and industrial sectors, and expectations of continued economic reforms.