Money Market Mutual Funds with the Highest YTD Yields – February 2026

[Vicole]

Nigeria’s mutual fund industry continues to grow steadily as more investors seek structured investment options that combine reasonable returns, liquidity, and protection of capital.
Among the various categories, money market mutual funds remain the most widely preferred investment vehicle. Their popularity is largely due to their relatively low risk profile, stable income generation, high liquidity, and the flexibility they offer investors to access their funds when necessary.
As of February 2026, Nigeria has about 45 money market mutual funds managing a combined ₦5.29 trillion in assets. This represents approximately 64.18% of the total assets within the country’s mutual fund industry.
This dominant share reflects the strong investor preference for conservative and stable investment instruments, especially in periods when many market participants remain cautious about equity market volatility and broader economic uncertainty. For many investors, money market funds continue to serve as a reliable option for capital preservation while still earning competitive yields.

 

[Benjamin E Housel]

Nigeria’s mutual fund industry continues to grow steadily as more investors seek structured investment options that combine reasonable returns, liquidity, and protection of capital.
Among the various categories, money market mutual funds remain the most widely preferred investment vehicle. Their popularity is largely due to their relatively low risk profile, stable income generation, high liquidity, and the flexibility they offer investors to access their funds when necessary.
As of February 2026, Nigeria has about 45 money market mutual funds managing a combined ₦5.29 trillion in assets. This represents approximately 64.18% of the total assets within the country’s mutual fund industry.
This dominant share reflects the strong investor preference for conservative and stable investment instruments, especially in periods when many market participants remain cautious about equity market volatility and broader economic uncertainty. For many investors, money market funds continue to serve as a reliable option for capital preservation while still earning competitive yields.

In uncertain economic environments, most investors naturally move toward capital preservation before capital growth. That is exactly what money market funds provide. They are best used as a parking place for liquidity or short term funds.

 

[Mr.Simon]

Nigeria’s mutual fund industry continues to grow steadily as more investors seek structured investment options that combine reasonable returns, liquidity, and protection of capital.
Among the various categories, money market mutual funds remain the most widely preferred investment vehicle. Their popularity is largely due to their relatively low risk profile, stable income generation, high liquidity, and the flexibility they offer investors to access their funds when necessary.
As of February 2026, Nigeria has about 45 money market mutual funds managing a combined ₦5.29 trillion in assets. This represents approximately 64.18% of the total assets within the country’s mutual fund industry.
This dominant share reflects the strong investor preference for conservative and stable investment instruments, especially in periods when many market participants remain cautious about equity market volatility and broader economic uncertainty. For many investors, money market funds continue to serve as a reliable option for capital preservation while still earning competitive yields.

True. A lot of investors still prefer money market funds because they offer safety, liquidity, and steady returns. That strong asset share shows confidence in low-risk options, especially in uncertain market conditions.

 

[Mr.Simon]

In uncertain economic environments, most investors naturally move toward capital preservation before capital growth. That is exactly what money market funds provide. They are best used as a parking place for liquidity or short term funds.

True. In times like this, many investors prefer safety first. Money market funds are good for keeping short-term cash while still earning returns.

 

[Benjamin E Housel]

True. In times like this, many investors prefer safety first. Money market funds are good for keeping short-term cash while still earning returns.

Yeah... We call them buffers.

 

[Little Princess]

Great data, @Vicole! The most exciting thing about that ₦5.29 trillion asset figure is that we are finally entering a 'positive real return' era. With inflation at 15.1%, seeing top Money Market Funds like AIICO (22.07%), ARM (19.91%), and Legacy (19.48%) offering yields well above 19% is fantastic.
It means for the first time in a long while, your 'parking space' money is actually growing in value, not just being eaten by price hikes. @Benjamin E Housel, you mentioned these are buffers—in 2026, they aren't just buffers; they are a solid defensive strategy against the ₦1,300/litre petrol reality!

 

[Benjamin E Housel]

Great data, @Vicole! The most exciting thing about that ₦5.29 trillion asset figure is that we are finally entering a 'positive real return' era. With inflation at 15.1%, seeing top Money Market Funds like AIICO (22.07%), ARM (19.91%), and Legacy (19.48%) offering yields well above 19% is fantastic.
It means for the first time in a long while, your 'parking space' money is actually growing in value, not just being eaten by price hikes. @Benjamin E Housel, you mentioned these are buffers—in 2026, they aren't just buffers; they are a solid defensive strategy against the ₦1,300/litre petrol reality!

"Solid defensive strategy"... Should we call them, defense structures since high-risk assets like stocks are offensive?

 

[Little Princess]

I love that, @Benjamin E Housel! 'Defense Structures' is the perfect term. ️ In a month where we've seen some volatility (like the 0.09% NGX dip earlier this week), these structures are what keep your portfolio from collapsing.
With inflation at 15.1% and the Naira steady at ₦1,399, your 'Defense' is actually doing more than just blocking; it’s counter-attacking! Seeing yields like AIICO's 22.07% means your defense is scoring points while keeping the goal safe. It's the ultimate 'win-win' for a cautious investor in 2026. Who else feels more confident moving their 'Offensive' capital into the market knowing their Defense is this solid?

 

[Adegoroye]

One can get the average best result by combining all the assets class ....
But for me i prefer stocks first then balance it with other assets class

 

[Vicole]

In uncertain economic environments, most investors naturally move toward capital preservation before capital growth. That is exactly what money market funds provide. They are best used as a parking place for liquidity or short term funds.

Its true. In uncertain times, protecting capital comes first. Money market funds are useful for parking cash safely while still earning something, especially for short-term needs.

 

[Vicole]

True. A lot of investors still prefer money market funds because they offer safety, liquidity, and steady returns. That strong asset share shows confidence in low-risk options, especially in uncertain market conditions.

Yes, that’s the main attraction. In times like this, many investors would rather stay liquid and protect capital than chase risky returns.

 

[Vicole]

True. In times like this, many investors prefer safety first. Money market funds are good for keeping short-term cash while still earning returns.

That’s why they remain attractive. They give investors peace of mind, easy access to cash, and steady returns without taking too much risk.

 

[Vicole]

Great data, @Vicole! The most exciting thing about that ₦5.29 trillion asset figure is that we are finally entering a 'positive real return' era. With inflation at 15.1%, seeing top Money Market Funds like AIICO (22.07%), ARM (19.91%), and Legacy (19.48%) offering yields well above 19% is fantastic.
It means for the first time in a long while, your 'parking space' money is actually growing in value, not just being eaten by price hikes. @Benjamin E Housel, you mentioned these are buffers—in 2026, they aren't just buffers; they are a solid defensive strategy against the ₦1,300/litre petrol reality!

Good point. With yields above inflation, money market funds are not just a parking place anymore, they’re also helping investors preserve and slightly grow their value in this environment.

 

[Vicole]

"Solid defensive strategy"... Should we call them, defense structures since high-risk assets like stocks are offensive?

That’s a good way to see it. Money market funds can be seen as the defense, protecting capital and giving stability, while stocks act as the offense, taking more risk in search of higher growth. A balanced portfolio usually needs both.

 

[Vicole]

I love that, @Benjamin E Housel! 'Defense Structures' is the perfect term. ️ In a month where we've seen some volatility (like the 0.09% NGX dip earlier this week), these structures are what keep your portfolio from collapsing.
With inflation at 15.1% and the Naira steady at ₦1,399, your 'Defense' is actually doing more than just blocking; it’s counter-attacking! Seeing yields like AIICO's 22.07% means your defense is scoring points while keeping the goal safe. It's the ultimate 'win-win' for a cautious investor in 2026. Who else feels more confident moving their 'Offensive' capital into the market knowing their Defense is this solid?

Exactly! Your defense is working while you play offense less stress, more control.

 

[Vicole]

One can get the average best result by combining all the assets class ....
But for me i prefer stocks first then balance it with other assets class

Makes sense. Stocks give growth, and balancing with other assets keeps your portfolio steady.

 

[Benjamin E Housel]

That’s a good way to see it. Money market funds can be seen as the defense, protecting capital and giving stability, while stocks act as the offense, taking more risk in search of higher growth. A balanced portfolio usually needs both.

I love this...

 

[Benjamin E Housel]

True. In times like this, many investors prefer safety first. Money market funds are good for keeping short-term cash while still earning returns.

Yeah... Also keeping short term cash can enable one take advantage of rare investment opportunities which might show itself in the future.

 

[Vicole]

Yeah... Also keeping short term cash can enable one take advantage of rare investment opportunities which might show itself in the future.

True. Keeping some cash aside gives you flexibility. When rare opportunities show up in the market, you already have the liquidity to act quickly instead of watching from the sidelines.