An investment bank Dunn Loren Merrified (DLM) is set to float a mutual fund in the Nigerian capital market early next year.
This will help investors looking for alternative investment outlets to spread their risks and enjoy good returns to do so.
The Chief Executive Officer of DLM, Mr. Sonnie Babatunde Ayere, said the fund would be one of the best managed in the country.
DLM, which is behind most of the corporate bond issues in the Nigerian capital market, early this year emerged as the best debt house 2011 at the ninth Nigerian investment banking league awards in recognition of its contribution to domestic financial markets.