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Article Title:
An Assessment of the Contribution of Managed Fund on Capital Market Development and Economic Growth: The Nigerian Experience
by Orbunde Bemishima Benjamin

Abstract:
The study examines the contribution of managed fund on Capital market and Economic Development in Nigeria, aimed at measuring the extent to which Managed Funds Nets Assets Value (MFNAV) has contributed to the growth and development of capital market and economics proxy by MCAP and GDP respectively. The study employed longitudinal research, design using descriptive statistics. Regression analysis is used to test the hypothesis stated for the study. The study reveals that Managed Fund Nets Assets Value (MFNAV) has significant and positive contribution on capital market and economic growth and development in Nigeria. The study recommend that, the Securities and Exchange Commission (SEC), Central Bank of Nigeria (CBN) and Nigeria Stock Exchange (NSE) as apex regulatory bodies of the financial market should encourage the mobilization of managed fund firms such as mutual fund, Units Trust Scheme to register and participate in the financial market through investment in equities, Stock and Bonds at the Nigeria Stock Exchange in Other to increase the Net Value of managed funds and in turn contribute significantly to market capitalization and Gross Domestic Product.

Keywords: managed fund, capital market, economic development, market capitalization, gross domestic product, net assets value, financial market, equality market.

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