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˾ TUESDAY, JANUARY 24, 2017
MARKET NEWS
NSE to List Stanbic IBTC Asset Management Pension ETF 40 Goddy Egene The Nigerian Stock Exchange (NSE) will today list the Stanbic IBTC Asset Management Limited (SIAML) Pension Exchange Traded Fund (ETF) 40. The SIAML Pension ETF 40 is an ETF that will mirror the Pension 40 Index (Pension Index),replicating as closely as possible the total return of The NSE Pension 40 Index. The NSE Pension Index monitors the top 40 most capitalised and liquid companies in the market.
The initial public offerings (IPOs) for units of fund opened last September 2016. In the offering for the SIAML Pension ETF 40, about 10,000,000 units were available for subscription at N100 each at par and multiples of 10,000 units thereafter. The Fund has an offer size of N1 billion. Chief Executive, SIAML, Bunmi DayoOlagunju had said the primary objective of the SIAML Pension ETF 40 was to provide investors access
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
to the most liquid publicly quoted companies on the NSE that are compliant with the regulatory requirements for investing pension assets in terms of taxable profits, free float, dividend, sector and individual stock weighting. “The SIAML Pension ETF 40 is designed as an instrument of choice for PFAs, Life Assurance companies, institutional investors, as well as foreign portfolio managers who are desirous of the Nigerian exposure with minimal liquidity and exit
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 20-Jan-2017, unless otherwise stated.
risk,” Dayo-Olagunju stated. Highlighting some of the benefits of the ETF, DayoOlagunju said it would provide investors with a strategic exposure to the equities market, allowing for flexibility, cost effectiveness, diversification of investment, as well as liquidity. She added that it would act as a benchmark for PFAs to measure performance and report same to Retirement Savings Account (RSA) holders. She assured that SIAML will continue to leverage its expertise in asset and wealth
management, built over the past 20 years, as well as the Stanbic IBTC Group’s rich heritage in corporate and investment banking to provide quality products and services that will not only deepen the market but enhance transparency, add value and lead to investor confidence. Also speaking, the Chief Executive, Stanbic IBTC Capital Limited, Mr.Funso Akere, commended SIAML for its efforts in deepening the Nigerian capital market
through the introduction of new and innovative products with specific characteristics to meet the needs of various market categories. Apart from SIAML as the fund manager, First Registrars and Investor Services Limited will serve as the registrar while Stanbic IBTC Capital is the issuing house. Stanbic IBTC Stockbrokers Limited is the authorized dealer; FBN Trustees Limited will serve as trustees while Standard Chartered Bank is the offer custodian.
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 131.50 Nigeria International Debt Fund 217.86 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 131.52 3.35% 217.93 1.07% info@acapng.com Offer Price Yield / T-Rtn 0.71 -0.41% ammf@aiicocapital.com Offer Price
Yield / T-Rtn
100.00
17.52%
enquiries@arminvestmentcenter.com Bid Price 12.56 290.51 22.39
Offer Price 12.94 299.27 23.06
Yield / T-Rtn 1.72% 1.16% 0.20%
1.00
1.00
17.20%
investmentcare@axamansard.com Bid Price 107.29
Offer Price 108.04
Yield / T-Rtn 1.73%
1.00 1.00 16.40% investmentmanagement@chapelhilldenham.com Bid Price 2.14 9.46 84.78
Offer Price Yield / T-Rtn 2.20 -1.36% 9.70 1.05% 86.96 0.22% invest@fbnquest.com
Bid Price 1,090.38 110.97 100.00 $104.27 $103.43
Offer Price 1,091.60 111.73 100.00 $104.49 $103.65
Yield / T-Rtn 0.00% -0.54% 15.22% -0.01% -0.14%
116.30
1.88%
114.78
fcamhelpdesk@fcmb.com
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 0.70% Lotus Halal Fixed Income Fund 1,014.54 1,014.54 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 9.85 9.93 1.91% Meristem Money Market Fund 10.00 10.00 14.65% 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 0.22% PACAM Fixed Income Fund 10.38 10.55 0.42% PACAM Money Market Fund 10.00 10.00 11.56% 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 110.62 111.50 2.21% 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 0.58% 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 1,827.17 1,837.20 -0.23% Stanbic IBTC Bond Fund 153.90 153.90 -0.04% Stanbic IBTC Ethical Fund 0.76 0.77 -0.65% Stanbic IBTC Guaranteed Investment Fund 187.97 187.97 0.58% Stanbic IBTC Iman Fund 129.94 131.67 0.10% Stanbic IBTC Money Market Fund 100.00 100.00 17.46% Stanbic IBTC Nigerian Equity Fund 7,501.24 7,601.82 -0.99% 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 1.15 1.16 10.75% United Capital Bond Fund 1.25 1.25 19.49% United Capital Equity Fund 0.63 0.64 -6.18% 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 9.84 10.01 2.16% Zenith Ethical Fund 11.16 11.26 2.26% Zenith Income Fund 16.84 16.84 1.95%
REITS Bid Price 0.94 2.59
Bid Price 2,189.78
Coral Income Fund 2,125.84 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 Guaranteed Income Fund 1.69 Vantage Balanced Fund 1.00
Offer Price Yield / T-Rtn 0.96 1.06% 2.59 0.77% coralfunds@fsdhgroup.com Offer Price 2,215.33
Yield / T-Rtn -0.88%
2,125.84 1.03% enquiries@investment-one.com Offer Price 1.00 1.71 1.00
Yield / T-Rtn 16.65% 0.50% 15.77%
NAV Per Share
Yield / T-Rtn
11.41 124.10
1.01% 0.10%
Bid Price
Offer Price
Yield / T-Rtn
8.29 74.43
8.39 75.81
-5.55% -1.79%
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
2.47 5.63 11.75 13.78 127.03
2.51 5.71 11.85 13.98 129.03
-10.00% -19.80% -2.05% -13.52% -2.18%
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.