ARM Investment Managers Limited on Wednesday listed two mutual funds on the Memorandum Listing of the Nigerian Stock Exchange (NSE). The listing paved way for investors in the mutual funds to trade on their holdings and for other investors to buy into the funds. ARM listed 1.0 million units of its ARM Eurobond Fund at $1.0 nominal value per unit. It also listed 500 million units of ARM Fixed Income Fund at a nominal value of N1 per share. Meanwhile, a recent survey of African fund managers showed that most investment decision-makers consider governance, good regulation and availability of market data and prices in making decisions to invest or not in a market. The survey of 50 African asset-managers for the African Exchanges Linkage Project (AELP) project found that key factors when African fund managers c⁸hoose new markets were market regulation, investor regulation and availability of market data and prices. According to the survey, other top criteria that help fund managers choose where to invest included levels of dealing price, efficiency of execution and commission, the quality of companies and investment opportunities, corporate, social and governance criteria and availability of research.
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