Weekly MMF Performance: Week Ending 11th April 2025

This week’s Money Market Fund (MMF) performance reveals remarkable consistency among the top 10 funds — offering yields that continue to outperform treasury bills.

🏆 Top 10 MMFs by Effective Annual Rate (EAR):

📌 Average Yield (Top 10 MMFs): 13.7%
📌 Previous Week’s Average (4th April): 13.7%

Key Insights

• Top 5 funds remained unchanged, with Gulfcap MMF maintaining its dominant lead at 16.30%, well above the rest of the pack.
• The overall average yield remained steady at 13.7%, indicating minimal volatility among the leading funds.
• A slight shift occurred in rankings, with Britam MMF overtaking Arvocap, despite both yielding similarly at 12.7% and 12.4% respectively.
• At the bottom end of the market (not shown above), yields remained relatively low — with some funds still posting single-digit returns, notably Equity MMF (~5.6%), Ziidi MMF (~7.4%), and Stanbic MMF (~7.5%).

How Do MMFs Compare to T-Bills?

For the same week:

✅ All Top 10 MMFs outperformed treasury bills across all tenors, reinforcing their appeal for investors seeking higher liquidity and competitive returns.

Final Thoughts

Money Market Funds continue to offer an attractive alternative for short-term capital preservation and yield-seeking investors. As always, beyond yield, investors should also consider fund manager reputation, underlying asset allocations, liquidity terms, and associated fees when making investment decisions.