2021 The Nigerian Asset Management Industry Report

Overview of the Report

Agusto & Co’s 2021 Asset Management report (the Report) focuses on the activities of non-pension asset management companies in Nigeria and the various products offered in this space. The non-pension market is regulated by the Securities and Exchange Commission (SEC) and comprises over 125 operators managing collective investment schemes and segregated portfolios (on a discretionary and non-discretionary basis). The pension segment is covered in a separate report.

In the past five years (2016 – 2020), there has been increased participation of the mass affluent and retail clients in the Nigerian Asset Management Industry (“the Industry”) which was previously known to exclusively serve the high net-worth individuals (HNIs). From 2016 – 2020, the Industry’s assets under management (AuM) has grown at a CAGR of 29% driven largely by the exponential growth in the AuM of the retail focused collective investment schemes.

115 registered collective investment schemes accounted for the bulk of the Industry’s assets in 2020 with 54%. Segregated portfolios comprising privately managed funds which may be discretionary or non-discretionary accounted for 39% of the Industry’s managed assets in 2020. While alternative investments, including private equity and infrastructure funds accounted for the outstanding 7% of the Industry’s managed assets in 2020.

This report provides useful insights on various aspects of the Nigerian Asset Management Industry. Key benefits of the report include:

  • An overview of the Global Asset Management Industry including size, trends, key players and comparison of the asset management industries in select countries
  • An analysis of the Nigerian Macroeconomic Environment and its impact on the Industry
  • A description and detailed analysis of the Nigerian Asset Management Industry including the structure, market size, key players, trends and recent developments
  • An overview of Key Markets including the performance of collective investment schemes in Nigeria
  • An overview of the key regulators and regulations guiding the Industry.
  • An assessment of the Financial Condition of the Industry
  • An analysis of the Competitive Environment, Opportunities and Threats
  • An Agusto & Co risk rating and outlook for the Industry