FBN NIGERIA EUROBOND (USD) FUND

Earn returns in US Dollars


FBN Nigeria Eurobond (USD) Fund is a medium to long term investment US dollar denominated fund that provides income and capital appreciation.



Minimum Balance

With $2,500 you can start investing in the FBN Nigeria Eurobond (USD) Fund, a multi-asset mutual fund suitable for investors with an appetite for earning greater rewards over a long-term period.

Competitive Returns

The FBN Nigeria Eurobond (USD) Fund offers competitive rate of returns on investments, a smart alternative to investment growth and higher interest rates than a normal US dollar domiciliary bank account

USD Debt Instrument

The fund seeks to provide competitive income and total returns in USD primarily by investing in USD debt instrument of the Nigerian government, corporate and financial institutions

Quick Facts About The Fund


The FBN Nigeria Eurobond (USD) Fund is a fixed income mutual fund that provides income and capital appreciation by investing in the US Dollar denominated debt instruments issued by the Nigerian government and reputable corporate institutions.

Launch Date:

  4th January 2016




Fund Size:

  $2,116,379.95

Benchmark:

  3-Year Nigeria Eurobond




Time Horizon:

  180 days

Risk Profile:

  Medium




Base Currency:

  US Dollars ($)

Fund Strategy


The fund is an open ended mutual fund that invests in a broad range of long tenured US Dollar denominated debt securities issued by the Federal Government of Nigeria (FGN), state governments and highly rates corporate and financial institutions. The fund may also invest to a limited extent, in Nigerian local currency debt instruments where such an investment, in the opinion of the Fund Manager will enhance returns without exposing the fund to undue currency risk


Assets allocation ranges

The fund's assets can be broadly broken down as follows:

  Is invested in Nigerian Sovereign Eurobonds
10% - 50%
  Is invested in Nigerian Corporate Eurobonds
60% - 90%
  Is invested in Nigerian non-USD denominated fixed income instruments
0% - 10%
  Is invested in other external funds of similar characteristics
0% - 20%

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