Coronation Asset advocates harmonised reporting for mutual funds

Coronation Asset Management has called for a harmonised reporting standard for mutual funds in Nigeria.

Making this call in a report on Nigerian mutual funds titled, “ Comparing Mutual Funds – Apples and Oranges’, the company noted the use of different methods of reporting by mutual funds in the country is not in line with global best practices and does not encourage growth of the industry.

Speaking at the virtual media presentation of the report, Guy Czartoryski, Head of Coronation Research, said: “In our view, Nigeria’s diverse measures stand in the way of the development of the industry.