33
˾ TUESDAY, FEBRUARY 28, 2017
MARKET NEWS
Restates Commitment to Investor Protection Goddy Egene The Securities and Exchange Commission (SEC) has restated its determination and commitment to the protection of investors and ensure that illegal operators are not allowed to operate in Nigeria’s capital market. As part of efforts in that line, SEC has sealed up the premises of Yuan Dong (YDEC), a company that parades itself as an investment company thereby extending invitations to unsuspecting members of
the public to subscribe in a scheme identified as a Resources Investment Account. According to SEC, “Investments in the scheme range from a minimum deposit of N10, 000 to a maximum deposit of N240, 000.The investment period of the scheme is pegged at a minimum of 30 working days to a maximum period of 10 months with offer of interest rates on short and medium term basis, which include promise of a daily profit of N80.00 and N2,
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
400 depending on the category of investment”. The commission disclosed that the company also enticed its customers with payment of bonuses should they convince more investors to invest in the scheme. “The Commission has since conducted an investigation into the activities of this company and has established that its activities constitute a breach of the Investment and Securities Act (ISA), 2007. Furthermore it
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 24-Feb-2017, unless otherwise stated.
was discovered that contrary to their supposed existence in over 20 locations across the country, the company only has functional offices in Asaba, Kano and Abuja. The Promoters of these illegal operations have been arrested by the Nigeria Police Force and are undergoing interrogation,” SEC said. The capital market regulator alerted the investing public that the company is not licensed to carry out investments business of any sought; and as such its
operations are illegal. “Consequently, pursuant to the commission’s non tolerance policy of unhealthy practices in the market, the general public is hereby informed that in exercise of its powers enshrined in Section 13 (w) of the ISA 2007, the commission sealed up the premises of the company on Thursday, February 23, 2017. This action became necessary to completely put an end to the unlawful activities of the company against unsuspecting investors”
he stated. While SEC reiterated its commitment to sanitize the Nigerian capital market of all illegal operators, it advised investors to exercise due diligence and caution in the course of making investment decisions. According to the commission, valid licenses of lawful operators can be obtained on its website, saying members of the public should confirm the licenses of firms they intend to carry investment activities with.
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 aaml@afrinvest.com Web: www.afrinvest.com; Tel: +234 1 270 1680 Fund Name Bid Price Offer Price Yield / T-Rtn Afrinvest Equity Fund 126.42 126.70 -0.54% Nigeria International Debt Fund 219.35 219.76 1.84% ALTERNATIVE CAPITAL PARTNERS LTD info@acapng.com Web: www.acapng.com, Tel: +234 1 291 2406, +234 1 291 2868 Fund Name Bid Price Offer Price Yield / T-Rtn ACAP Canary Growth Fund 0.69 0.70 -1.08% AIICO CAPITAL LTD ammf@aiicocapital.com Web: www.aiicocapital.com, Tel: +234-1-2792974 Fund Name Bid Price Offer Price Yield / T-Rtn AIICO Money Market Fund 100.00 100.00 17.42% ARM INVESTMENT MANAGERS LTD enquiries@arminvestmentcenter.com Web: www.arm.com.ng; Tel: 0700 CALLARM (0700 225 5276) Fund Name Bid Price Offer Price Yield / T-Rtn ARM Aggressive Growth Fund 12.07 12.43 -2.28% ARM Discovery Fund 284.85 293.43 -0.81% ARM Ethical Fund 21.67 22.32 -3.00% ARM Money Market Fund 1.00 1.00 17.06% AXA MANSARD INVESTMENTS LIMITED investmentcare@axamansard.com Web: www.axamansard.com; Tel: +2341-4488482 Fund Name Bid Price Offer Price Yield / T-Rtn AXA Mansard Equity Income Fund 105.25 105.99 0.16% AXA Mansard Money Market Fund 1.00 1.00 16.59% CHAPELHILL DENHAM MANAGEMENT LTD investmentmanagement@chapelhilldenham.com Web: www.chapelhilldenham.com, Tel: +234 461 0691 Fund Name Bid Price Offer Price Yield / T-Rtn Nigeria Global Investment Fund 2.20 2.26 1.36% Paramount Equity Fund 9.39 9.63 0.32% Women's Investment Fund 86.45 88.67 2.19% CORDROS ASSET MANAGEMENT LIMITED assetmgtteam@cordros.com Web: www.cordros.com, Tel: 019036947 Fund Name Bid Price Offer Price Yield / T-Rtn Cordros Money Market Fund 100.00 100.00 17.32% FBN CAPITAL ASSET MANAGEMENT LTD invest@fbnquest.com Web: www.fbnquest.com; Tel: +234-81 0082 0082 Fund Name Bid Price Offer Price Yield / T-Rtn FBN Fixed Income Fund 1,114.71 1,115.82 2.23% FBN Heritage Fund 109.04 109.76 -2.29% FBN Money Market Fund 100.00 100.00 16.40% FBN Nigeria Eurobond (USD) Fund - Institutional $106.07 $106.96 2.04% FBN Nigeria Eurobond (USD) Fund - Retail $105.79 $106.67 2.46% FBN Nigeria Smart Beta Equity Fund 110.93 112.46 -1.51% FIRST CITY ASSET MANAGEMENT LTD fcamhelpdesk@fcmb.com Web: www.fcamltd.com; Tel: +234 1 462 2596 Fund Name Bid Price Offer Price Yield / T-Rtn Legacy Equity Fund 0.93 0.94 -0.53% Legacy Short Maturity (NGN) Fund 2.63 2.63 2.19% FSDH ASSET MANAGEMENT LTD coralfunds@fsdhgroup.com Web: www.fsdhaml.com; Tel: 01-270 4884-5; 01-280 9740-1 Fund Name Bid Price Offer Price Yield / T-Rtn Coral Growth Fund 2,174.49 2,199.77 -1.58% Coral Income Fund 2,163.98 2,163.98 2.84% GREENWICH ASSET MANAGEMENT LIMITED assetmanagement@gtlgroup.com Web: www.gtlgroup.com ; Tel: +234 1 4619261-2 Fund Name Bid Price Offer Price Yield / T-Rtn Greenwich Plus Money Market Fund 100.00 100.00 17.19% INVESTMENT ONE FUNDS MANAGEMENT LTD enquiries@investment-one.com Web: www.investment-one.com; Tel: +234 812 992 1045,+234 1 448 8888 Fund Name Bid Price Offer Price Yield / T-Rtn Abacus Money Market Fund 1.00 1.00 16.92% Vantage Balanced Fund 1.67 1.69 -0.66% Vantage Guaranteed Income Fund 1.00 1.00 15.54%
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 1.01 0.71% Lotus Halal Fixed Income Fund 1,018.28 1,018.28 1.54% MERISTEM WEALTH MANAGEMENT LTD info@meristemwealth.com Web: http://www.meristemwealth.com/funds/ ; Tel: +234 1-4488260 Fund Name Bid Price Offer Price Yield / T-Rtn Meristem Equity Market Fund 9.49 9.58 -1.78% Meristem Money Market Fund 10.00 10.00 14.90% 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 1.07 1.09 1.56% PACAM Fixed Income Fund 10.42 10.45 0.14% PACAM Money Market Fund 10.00 10.00 13.42% 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 108.84 109.74 6.91% 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 1.26 1.26 1.56% 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 1,810.55 1,820.11 -1.14% Stanbic IBTC Bond Fund 152.86 152.86 -0.71% Stanbic IBTC Ethical Fund 0.74 0.75 -3.25% Stanbic IBTC Guaranteed Investment Fund 190.08 190.08 1.71% Stanbic IBTC Iman Fund 125.29 126.92 -3.49% Stanbic IBTC Money Market Fund 100.00 100.00 17.34% Stanbic IBTC Nigerian Equity Fund 7,182.31 7,268.06 -5.27% 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 1.13 1.15 9.86% United Capital Bond Fund 1.27 1.27 15.68% United Capital Equity Fund 0.64 0.66 0.39% 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 9.66 9.83 0.37% Zenith Ethical Fund 11.04 11.14 1.17% Zenith Income Fund 17.12 17.12 3.65%
REITS NAV Per Share
Yield / T-Rtn
11.41 124.66
1.01% 0.56%
Bid Price
Offer Price
Yield / T-Rtn
7.61 70.14
7.71 71.46
-13.25% -7.44%
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
2.74 5.99 11.38 15.31 123.78
2.78 6.07 11.48 15.51 125.78
-0.36% -14.71% -5.08% -3.99% -4.66%
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.