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NSE, Vetiva, Lotus Capital, Stanbic IBTC Empower Operators on ETFs
By Goddy Egene
The Nigerian Stock Exchange (NSE) in partnership with the Exchange Traded Funds (ETFs) issuers, Vetiva Fund Managers Limited, Lotus Capital Limited and Stanbic IBTC Asset Management is set to organise its annual NSE ETFs.
The workshop is targeted at investor community, pension fund managers, insurance companies, dealing members, fund and asset managers and regulators. The training programme will come up on Monday, November 7, 2016.
Speaking on the programme, the Executive Director, Capital Markets, NSE, Mr. Haruna Jalo-Waziri, said: “The workshop emphasises the exchange’s drive towards developing and promoting Exchange Traded Products (ETPs). It will provide our intermediaries with necessary exposure and skills as it relates to ETFs product sales. The workshop will also focus on NSE’s partnership with MSCI and its benefits to our markets, as well as highlights of success stories and learning points from other jurisdictions.”
Speaking in the same vein, the Head, Secondary Market, NSE, Mr. Dipo Omotoso, said: “The NSE ETF Workshop will feature presentations and panel discussions on topics aimed at deepening the knowledge of key stakeholders on investing in ETFs. Participants will be exposed to how ETFs are constructed, why they may be attractive to investors, how they may be helpful in investment strategy. At the workshop, participants will also be provided with Insight to indexing and the future of the ETP marketplace in Nigeria and Africa as a whole.”
Some of the speakers for the event include: Gareth Alison of Morgan Stanley Capital International (MSCI); Charbel Azzi of S&P Dow Jones Indices; and Nerina Visser, an independent ETF strategist and advisor.
The NSE has attracted ETFs in the last few years. Vetiva Fund Managers Limited last month listed the Vetiva S&P Nigeria Sovereign Bond Exchange Traded Fund (VS&PETF).
The VS&P ETF would be the first bond ETF to be listed on the NSE, giving investors access to Nigerian Federal Government Bonds in retail investors. It will also provide an opportunity for every Nigerian to invest in Federal Government Bonds. At current pricing, investors will be able to purchase a unit for as low as N150 and have access to attractive bond yields.
According to the Managing Director of Vetiva Fund Managers Limited, Mr. Damilola Ajayi said: “The listing of the VS&PETF traded fund is in line with the federal government’s plan to enhance financial inclusion. For the first time in Nigeria, investors now have access to Federal Government Bonds through a product that will be listed on the NSE.”
