Can I find MONEY MARKET MUTUAL FUNDS on my bamboo app??
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Can I find MONEY MARKET MUTUAL FUNDS on my bamboo app??
Short answer: No — you typically cannot find Money Market Mutual Funds directly on the Bamboo app. Here’s the clear breakdown 👇 What You Can Find on Bamboo On the Bamboo app, you can mainly invest in: U.S. Stocks Nigerian Stocks ETFs (Exchange-Traded Funds) Fixed-income investments like Bamboo FixedRead more
Short answer: No — you typically cannot find Money Market Mutual Funds directly on the Bamboo app.
See lessHere’s the clear breakdown 👇
What You Can Find on Bamboo
On the Bamboo app, you can mainly invest in:
U.S. Stocks
Nigerian Stocks
ETFs (Exchange-Traded Funds)
Fixed-income investments like Bamboo Fixed Returns (up to ~7.5% USD returns)
These are the main investment options currently available.
What You Usually Cannot Find on Bamboo
Most Money Market Mutual Funds in Nigeria are offered by:
Investment companies (e.g., ARM, Stanbic IBTC, Meristem, etc.)
Banks
Mutual fund apps (like InvestNow, Cowrywise, PiggyVest, etc.)
Bamboo is mainly a stock brokerage platform, not a traditional mutual fund platform.
Closest Alternative on Bamboo
If you’re looking for something similar to money market funds:
Bamboo Fixed Returns (Low-risk, fixed interest)
Some Bond ETFs (but these are different and more advanced)
My Honest Advice (Based on Your Goals)
Since I noticed from your recent questions you’re:
Investing in FGN bond fund (InvestNaija)
Looking for low-risk investments
Still learning investing gradually
You’re actually doing the right thing by considering money market funds 👍
Better apps for Money Market Funds in Nigeria:
Cowrywise
PiggyVest
InvestNaija (you already use this)
ARM Securities
Stanbic IBTC Asset Management