Halo, Guaranty Trust, and Stanbic IBTC Equity Funds Lead YTD Gains as AXA, United Capital Lag

Halo, Guaranty Trust and Stanbic IBTC Nigerian Equity Funds led all other equity mutual funds on a year to date (YTD) basis, according to MoneyCentral analysis of the latest Securities and Exchange Commission (SEC) data on mutual funds.

Halo Equity Fund led all eighteen (18) active equity mutual funds with a year to date (October 24) return of 86.78%, followed by Guaranty Trust Equity Income Fund with a 82.87% return and Stanbic IBTC Nigerian Equity Fund which returned 65% in that time period for investors.

The three funds outperformed the benchmark NGX all share index (ASI) which had returned 51.22% between January and October 24^th 2025.

Of the 18 equity mutual funds only seven (7) outperform their benchmark, with the worst performer being the AXA Mansard Equity Income Fund which returned only 16.9% YTD.

It should be noted that some of the funds are not 100% exposed to equities. The Asset Allocation of the Stanbic IBTC Equity Fund for instance is Minimum 70% Equity and Maximum 30% Fixed Income.

The total Net Asset Value (NAV) of the funds were N80 billion as at October 24th.

See Table Below

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