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thursdAY, december 15, 2016 • T H I S D AY
MARKET NEWS
Capital Assets Boss Urges Operators to Embrace Global Best Practice Goddy Egene The Vice Chairman and Chief Executive Officer of Capital Assets Limited, a Lagos-based indigenous investment banking firm, Mr. Ariyo Olushekun has advised capital market operators to conduct their operations in line with global best practices. Olushekun, who is a former President of Chartered Institute of Stockbrokers (CIS), said implementing the Capital Assets’ enterprise risk management framework has ensured that
its operations are conducted in line with global best practices, which contributed immensely to winning the Nigerian Stock Exchange (NSE) award. “Over the years, we have always placed emphasis on professionalism, transparency and accountability in our dealings with our customers, the regulators and all other stakeholders. Our customers know all these and they trust us, because we have repeatedly demonstrated that we operate with the highest ethical
A Mutual fund (Unit Trust) is an investment vehicle managed by a SEC (Securities and Exchange Commission) registered Fund Manager. Investors with similar objectives buy units of the Fund so that the Fund Manager can buy securities that willl generate their desired return. An ETF (Exchange Traded Fund) is a type of fund which owns the assets (shares of stock, bonds, oil futures, gold bars, foreign currency, etc.) and divides ownership of those assets into shares. Investors can buy these ‘shares’ on the
standards,” he said. According to him, over the course of nearly three decades, none of the staff of the company has ever been found wanting by the relevant regulatory agencies, a culture, he said has helped to sustained all at Capital Assets. The NSE recently adjudged Capital Assets Limited as the best managed stockbroking firm in Nigeria, awarding its highlyprized “Most Compliant Dealing Member Firm” in the stock market to firm.
floor of the Nigerian Stock Exchange. A REIT (Real Estate Investment Trust) is an investment vehicle that allows both small and large investors to part-own real estate ventures (eg. Offices, Houses, Hospitals) in proportion to their investments. The assets are divided into shares that are traded on the Nigerian Stock Exchange. GUIDE TO DATA: Date: All fund prices are quoted in Naira as at 13-Dec-2016, unless otherwise stated.
Chief Executive Officer, NSE, Mr. Oscar Onyema, explained that Capital Assets emerged atop the list of all capital market operators, including indigenous and foreign firms, in all the four criteria used to select the “Most Compliant Dealing Member Firm.” He explained that the criteria include: compliance with the minimum operating standards (MOS) of the exchange, adequate and timely rendition of statutory
and regulatory returns, zero complaint by investors and all other stakeholders and high ethical standards and impressive customer service that leave no room for any penalty. Onyema commended Capital Assets for operating with global best practices urging the company to continue to show leadership and raise the flag of Nigeria high in the international markets. In an industry-wide review, Capital Assets scored 100 per
cent in all the areas of the MOS. The NSE had introduced the MOS in April 2014 as part of efforts to develop a stronger, stable and sustainable capital market. The MOS are a set of standards prescribed by the Exchange for dealing members to develop robust controls; strong governance framework and effective human capital that will enable them achieve best-in-class operations in order to compete on a global level for the benefit of investors and the Nigerian capital market.
Offer price: The price at which units of a trust or ETF are bought by investors. Bid Price: The price at which Investors redeem (sell) units of a trust or ETF. Yield/Total Return: Denotes the total return an investor would have earned on his investment. Money Market Funds report Yield while others report Year- to-date Total Return. NAV: Is value per share of the real estate assets held by a REIT on a specific date.
DAILY PRICE LIST FOR MUTUAL FUNDS, REITS and ETFS MUTUAL FUNDS / UNIT TRUSTS AFRINVEST ASSET MANAGEMENT LTD Web: www.afrinvest.com; Tel: +234 1 270 1680 Fund Name Bid Price Afrinvest Equity Fund 123.77 Nigeria International Debt Fund 221.15 ALTERNATIVE CAPITAL PARTNERS LTD Web: www.acapng.com, Tel: +234 1 291 2406, +234 1 291 2868 Fund Name Bid Price ACAP Canary Growth Fund 0.70 AIICO CAPITAL LTD Web: www.aiicocapital.com, Tel: +234-1-2792974 Fund Name Bid Price AIICO Money Market Fund ARM INVESTMENT MANAGERS LTD Web: www.arm.com.ng; Tel: 0700 CALLARM (0700 225 5276) Fund Name ARM Aggressive Growth Fund ARM Discovery Fund ARM Ethical Fund ARM Money Market Fund AXA MANSARD INVESTMENTS LIMITED Web: www.axamansard.com; Tel: +2341-4488482 Fund Name AXA Mansard Equity Income Fund AXA Mansard Money Market Fund CHAPELHILL DENHAM MANAGEMENT LTD Web: www.chapelhilldenham.com, Tel: +234 461 0691 Fund Name Nigeria Global Investment Fund Paramount Equity Fund Women's Investment Fund FBN CAPITAL ASSET MANAGEMENT LTD Web: www.fbnquest.com; Tel: +234-81 0082 0082 Fund Name FBN Fixed Income Fund FBN Heritage Fund FBN Money Market Fund FBN Nigeria Eurobond (USD) Fund - Institutional FBN Nigeria Eurobond (USD) Fund - Retail FBN Nigeria Smart Beta Equity Fund FIRST CITY ASSET MANAGEMENT LTD Web: www.fcamltd.com; Tel: +234 1 462 2596 Fund Name Legacy Equity Fund Legacy Short Maturity (NGN) Fund FSDH ASSET MANAGEMENT LTD Web: www.fsdhaml.com; Tel: 01-270 4884-5; 01-280 9740-1 Fund Name Coral Growth Fund
100.00
aaml@afrinvest.com Offer Price Yield / T-Rtn 124.76 13.62% 222.51 10.51% info@acapng.com Offer Price Yield / T-Rtn 0.71 13.58% ammf@aiicocapital.com Offer Price
Yield / T-Rtn
100.00
17.41%
enquiries@arminvestmentcenter.com Bid Price 12.13 284.58 22.03
Offer Price 12.49 293.16 22.69
Yield / T-Rtn -0.47% 1.82% -0.08%
1.00
1.00
16.44%
investmentcare@axamansard.com Bid Price 106.51
Offer Price 107.18
Yield / T-Rtn 6.85%
1.00 1.00 15.26% investmentmanagement@chapelhilldenham.com Bid Price 2.14 9.07 83.34
Offer Price Yield / T-Rtn 2.19 5.10% 9.30 -7.97% 85.48 2.75% invest@fbnquest.com
Bid Price 1,081.95 109.88 100.00 $103.91 $103.07
Offer Price 1,083.14 110.54 100.00 $104.14 $103.29
Yield / T-Rtn 5.53% 4.25% 15.01% 7.47% 6.62%
114.00
13.21%
112.42
fcamhelpdesk@fcmb.com Bid Price 0.91 2.55
Offer Price Yield / T-Rtn 0.92 0.55% 2.55 9.74% coralfunds@fsdhgroup.com
Bid Price 2,162.84
Offer Price 2,187.01
Coral Income Fund 2,091.49 INVESTMENT ONE FUNDS MANAGEMENT LTD Web: www.investment-one.com; Tel: +234 812 992 1045,+234 1 448 8888 Fund Name Bid Price
Yield / T-Rtn -0.59%
2,091.49 10.54% enquiries@investment-one.com Offer Price
Yield / T-Rtn
Vantage Guaranteed Income Fund
1.00
1.00
15.18%
Vantage Balanced Fund
1.66
1.68
1.91%
LOTUS CAPITAL LTD fincon@lotuscapitallimited.com Web: www.lotuscapitallimited.com; Tel: +234 1-291 4626 / +234 1-291 4624 Fund Name Bid Price Offer Price Yield / T-Rtn Lotus Halal Investment Fund 1.00 1.02 12.36% Lotus Halal Fixed Income Fund 1,002.87 1,002.87 0.29% MERISTEM WEALTH MANAGEMENT LTD info@meristemwealth.com Web: www.meristemwealth.com ; Tel: +234 1-4488260 Fund Name Bid Price Offer Price Yield / T-Rtn Meristem Equity Market Fund 9.41 9.49 -3.83% Meristem Money Market Fund 10.00 10.00 14.98% PAC ASSET MANAGEMENT LTD info@pacassetmanagement.com Web: www.pacassetmanagement.com/mutualfunds; Tel: +234 1 271 8632 Fund Name Bid Price Offer Price Yield / T-Rtn PACAM Balanced Fund 1.04 1.06 5.79% PACAM Fixed Income Fund 10.41 10.48 4.42% PACAM Money Market Fund 10.00 10.00 14.89% SCM CAPITAL LIMITED info@scmcapitalng.com Web: www.scmcapitalng.com; Tel: +234 1-280 2226,+234 1- 280 2227 Fund Name Bid Price Offer Price Yield / T-Rtn SCM Capital Frontier Fund 108.26 108.95 6.24% SFS CAPITAL NIGERIA LTD investments@sfsnigeria.com Web: www.sfsnigeria.com, Tel: +234 (01) 2801400 Fund Name Bid Price Offer Price Yield / T-Rtn SFS Fixed Income Fund 1.24 1.24 9.64% STANBIC IBTC ASSET MANAGEMENT LTD assetmanagement@stanbicibtc.com Web: www.stanbicibtcassetmanagement.com; Tel: +234 1 280 1266; 0700 MUTUALFUNDS Fund Name Bid Price Offer Price Yield / T-Rtn Stanbic IBTC Balanced Fund 1,814.35 1,824.43 8.03% Stanbic IBTC Bond Fund 152.79 152.79 3.88% Stanbic IBTC Ethical Fund 0.76 0.77 2.00% Stanbic IBTC Guaranteed Investment Fund 185.34 185.34 9.22% Stanbic IBTC Iman Fund 129.87 131.49 -4.02% Stanbic IBTC Money Market Fund 100.00 100.00 17.07% Stanbic IBTC Nigerian Equity Fund 7,438.08 7,536.62 3.49% UNITED CAPITAL ASSET MANAGEMENT LTD unitedcapitalplcgroup.com Web: www.unitedcapitalplcgroup.com; Tel: +234 803 306 2887 Fund Name Bid Price Offer Price Yield / T-Rtn United Capital Balanced Fund 1.14 1.15 9.11% United Capital Bond Fund 1.21 1.21 13.91% United Capital Equity Fund 0.67 0.68 -1.58% United Capital Money Market Fund 1.00 1.00 13.00% ZENITH ASSETS MANAGEMENT LTD info@zenith-funds.com Web: www.zenith-funds.com; Tel: +234 1-2784219 Fund Name Bid Price Offer Price Yield / T-Rtn Zenith Equity Fund 9.70 9.86 1.58% Zenith Ethical Fund 10.99 11.08 -4.07% Zenith Income Fund 17.03 17.03 6.12%
REITS
NAV Per Share
Yield / T-Rtn
11.58 123.25
3.99% 6.38%
Bid Price
Offer Price
Yield / T-Rtn
8.83 75.03
8.93 76.45
-7.79% -9.84%
Fund Name FSDH UPDC Real Estate Investment Fund SFS Skye Shelter Fund
EXCHANGE TRADED FUNDS
Fund Name Lotus Halal Equity Exchange Traded Fund Stanbic IBTC ETF 30 Fund
VETIVA FUND MANAGERS LTD Web: www.vetiva.com; Tel: +234 1 453 0697
Fund Name Vetiva Banking Exchange Traded Fund Vetiva Consumer Goods Exchange Traded Fund Vetiva Griffin 30 Exchange Traded Fund Vetiva Industrial Goods Exchange Traded Fund Vetiva S&P Nigeria Sovereign Bond Exchange Traded Fund
funds@vetiva.com Bid Price
Offer Price
Yield / T-Rtn
2.57 7.09 11.83 15.05 127.31
2.61 7.17 11.93 15.25 129.31
12.45% 10.89% -4.52% -21.54% -
The value of investments and the income from them may fall as well as rise. Past performance is a guide and not an indication of future returns. Fund prices published in this edition are also available on each fund manager’s website and FMAN’s website at www.fman.com.ng. Fund prices are supplied by the operator of the relevant fund and are published for information purposes only.