{"id":1835,"date":"2020-01-08T13:20:41","date_gmt":"2020-01-08T12:20:41","guid":{"rendered":"https:\/\/cowrywise.com\/blog\/?p=1835"},"modified":"2023-12-13T20:33:12","modified_gmt":"2023-12-13T19:33:12","slug":"invest-in-dollar-mutual-fund","status":"publish","type":"post","link":"https:\/\/cowrywise.com\/blog\/invest-in-dollar-mutual-fund\/","title":{"rendered":"How To Invest In Eurobond Funds In Nigeria"},"content":{"rendered":"\n

This article about investing in dollar mutual funds covers:<\/span><\/p>\n\n\n\n

    \n
  1. What a Eurobond is<\/span><\/a><\/li>\n\n\n\n
  2. How to receive returns from your dollar mutual fund investment<\/span><\/a><\/li>\n\n\n\n
  3. How to invest in Eurobonds in Nigeria<\/span><\/a><\/li>\n<\/ol>\n\n\n\n

    Many people have searched for ways to invest in dollar mutual funds and have been unable to find any to invest in. Cowrywise realised there was a need for this investment option and decided to bridge the gap.<\/a> It is now super easy for you to invest in dollar mutual funds. This short guide shows you how to get started and highlights all you need to know about it.<\/span><\/p>\n\n\n\n

    What is a Eurobond fund?<\/h2>\n\n\n\n

    This is a type of mutual fund that invests in Dollar-denominated bonds. Bonds? Wait first, what are those?<\/em><\/p>\n\n\n\n

    What is a bond?<\/h3>\n\n\n\n

    A bond<\/a> is a lending\/borrowing agreement between two parties. It\u2019s like having a friend borrow from you and pay back with a set interest rate. This means a government bond is simply the government borrowing money from the public with the agreement to pay back with interests.<\/span><\/p>\n\n\n\n

    Learn more about bonds<\/a>.<\/p>\n\n\n\n

    Why is it called a (\u00a3) Eurobond if it’s in Dollars?<\/h3>\n\n\n\n

    Eurobonds are bonds that are issued in international currencies \u2013 currencies different from the host country\u2019s currency. For example, the Nigerian government can issue a bond to foreign investors that allows them to lend the Nigerian government money in dollars and not Naira.<\/p>\n\n\n\n

    Eurobonds is like saving your money in dollars by lending to companies or the government. They then invest it and pay you your return in dollars. <\/p>\n\n\n\n

    While Eurobond Funds<\/span> allow you to invest in dollar-denominated Eurobonds using your country’s currency: the Nigerian Naira. <\/p>\n\n\n

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    How do you receive returns from your dollar mutual fund investment?<\/h2>\n\n\n\n

    You\u2019ve made the smart decision to invest in the Eurobond Funds on Cowrywise. What\u2019s next? Earning your returns, duh!<\/span> ?<\/p>\n\n\n\n

    There are 3 ways you can earn returns from your dollar investments:<\/span><\/p>\n\n\n\n