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T H I S D AY • WEDNESDAY, JANUARY 18, 2017
MARKET NEWS
Investors Urged to Patronise only Registered Investment Schemes Goddy Egene Investors staking their funds in investment schemes not registered with the Securities and Exchange Commission (SEC) and any other regulators in Nigeria stand chances of not being protected against any loss that may arise from risks associated with such investments. As a result, SEC has advised investors to patronise registered funds. According to SEC, it has been drawn to radio advertisements and other modes
of solicitations of the public to invest in cryptocurrencies such as Swisscoin, OneCoin, Bitcoin and such other virtual or digital currencies. The regulator advised the exercise extreme caution regarding this form of investment. “The public is hereby advised to exercise extreme caution with regard to digital (crypto currencies) as a vehicle of investments. This warning is in consonance with similar warnings issued by capital
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
market regulators and central banks across the world over the past few years,” the commission said. It noted that none of the persons, companies or entities promoting these vehicle of investments. “The commission, wishes to alert the public that none of the persons, companies or entities promoting cryptocurrencies has been recognized or authorized by it or by other regulatory agencies in Nigeria to receive deposits from the public or to
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 16-Jan-2017, unless otherwise stated.
provide any investment or other financial services in or from Nigeria. The public should also be aware that any investment opportunities promoted by these persons, companies or entities are likely to be of a risky nature with a high risk of loss of money, whilst others may be outright fraudulent pyramid schemes,” SEC said. It explained that given that these instruments and the persons, companies or entities that promote them have neither been authorized,
nor any guidelines/regulations developed for them by any of the regulatory authorities in Nigeria, there is no protection available to users or investors in these virtual currencies from financial losses if the virtual currencies fail or the companies promoting them go out of business. “The public and consumers of financial services are further advised that before making any investment or entering into any financial services transaction they should ascertain that the entity with whom the
investment or transaction is being made is authorised by the commission or other financial services regulatory authority as applicable to provide such services,” the regulator said. It is believed that the operators of the a ponzi scheme MMM Federal Republic of Nigeria, are behind the virtual currencies funds. SEC had last year warned investors against MMM that was asking investors to invest, promising them a monthly return of 30 per cent.
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 130.07 Nigeria International Debt Fund 216.85 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 0.69 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
100.00
aaml@afrinvest.com Offer Price Yield / T-Rtn 131.21 2.66% 218.39 0.94% info@acapng.com Offer Price Yield / T-Rtn 0.70 -1.68% ammf@aiicocapital.com Offer Price
Yield / T-Rtn
100.00
17.06%
enquiries@arminvestmentcenter.com Bid Price 12.60 292.41 22.54
Offer Price 12.98 301.22 23.22
Yield / T-Rtn 2.06% 1.82% 0.89%
1.00
1.00
16.88%
investmentcare@axamansard.com Bid Price 106.80
Offer Price 107.55
Yield / T-Rtn 1.63%
1.00 1.00 16.35% investmentmanagement@chapelhilldenham.com Bid Price 2.15 9.42 84.64
Offer Price Yield / T-Rtn 2.21 -0.91% 9.66 0.63% 86.81 0.05% invest@fbnquest.com
Bid Price 1,091.89 111.24 100.00 $104.11 $103.55
Offer Price 1,093.10 112.01 100.00 $104.31 $103.75
Yield / T-Rtn 0.14% -0.30% 14.99% -0.17% -0.03%
115.35
1.03%
113.81
FIRST CITY ASSET MANAGEMENT LTD Web: www.fcamltd.com; Tel: +234 1 462 2596 Fund Name Bid Price Legacy Equity Fund 0.95 Legacy Short Maturity (NGN) Fund 2.59 FSDH ASSET MANAGEMENT LTD Web: www.fsdhaml.com; Tel: 01-270 4884-5; 01-280 9740-1 Fund Name Bid Price Coral Growth Fund 2,186.85 Coral Income Fund 2,121.45 INVESTMENT ONE FUNDS MANAGEMENT LTD Web: www.investment-one.com; Tel: +234 812 992 1045,+234 1 448 8888 Fund Name Bid Price Abacus Money Market Fund 1.00 Vantage Balanced Fund 1.69 Vantage Guaranteed Income Fund 1.00
fcamhelpdesk@fcmb.com Offer Price Yield / T-Rtn 0.96 1.60% 2.59 0.61% coralfunds@fsdhgroup.com Offer Price Yield / T-Rtn 2,211.27 -1.04% 2,121.45 0.82% enquiries@investment-one.com Offer Price 1.00 1.71 1.00
Yield / T-Rtn 16.72% 0.50% 15.80%
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 0.23% Lotus Halal Fixed Income Fund 1,014.02 1,014.02 0.24% 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 9.77 9.85 1.09% Meristem Money Market Fund 10.00 10.00 14.58% 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 1.05 1.07 6.92% PACAM Fixed Income Fund 10.38 10.55 0.39% PACAM Money Market Fund 10.00 10.00 11.00% 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 109.36 110.27 1.06% 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 1.25 1.25 0.47% 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 1,831.35 1,841.49 0.01% Stanbic IBTC Bond Fund 154.00 154.00 0.03% Stanbic IBTC Ethical Fund 0.77 0.78 0.65% Stanbic IBTC Guaranteed Investment Fund 188.48 188.48 0.85% Stanbic IBTC Iman Fund 130.33 132.07 0.41% Stanbic IBTC Money Market Fund 100.00 100.00 17.37% Stanbic IBTC Nigerian Equity Fund 7,555.93 7,655.63 -0.28% 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 1.12 1.14 9.86% United Capital Bond Fund 1.22 1.22 16.53% United Capital Equity Fund 0.67 0.68 1.12% 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 9.82 9.99 2.02% Zenith Ethical Fund 11.14 11.25 2.14% Zenith Income Fund 16.81 16.81 1.75%
REITS
NAV Per Share
Yield / T-Rtn
11.41 124.10
1.01% 0.10%
Bid Price
Offer Price
Yield / T-Rtn
8.43 74.89
8.53 76.28
-3.96% -1.18%
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
2.77 6.80 11.83 15.38 123.49
2.81 6.88 11.93 15.58 125.49
0.71% -3.25% -1.39% -3.55% -4.88%
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.