The Discovery Fund’s aim is to provide unit holders with a broad exposure to a variety of assets such as real estate, shares and fixed income investments to achieve long-term capital growth.

Institutions with investable funds; such as, pension funds, endowment fund or gratuity have an opportunity to use the Discovery Fund to meet their long-term investment goals.
The Fund currently holds investments in some of Nigeria’s best managed quoted companies and from its inception in 1995 to December 2003, the Fund achieved a cumulative return of 586%.

Our Investment Management Approach

Our approach is to review investment opportunities within a disciplined framework. Consequently, we apply a top-down method to asset allocation. The top-down approach involves macroeconomic, industry and sector analyses. Based on in-depth research, the most attractive investments, in value terms, are combined in constructing and managing the Discovery Fund portfolio. For example, the decision to invest in a particular sector will be based on our assessment of the prospects for that sector. Furthermore, the decision to invest in companies within the preferred sectors is based on our analysis of factors such as profitability, earnings growth potential, cash flow, dividend yield and management.