AUGUST 28th PRICE LIST FOR MUTUAL FUNDS, REITS and ETFS

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Vetiva Griffin 30 ETF Announces 17.5kobo Interim Dividend

Vetiva Fund Managers Limited has announced an interim distribution of 17.5 kobo dividend per unit for the half-year period ended June, 30, 2017.

The distribution will be paid to unit holders whose names appear in the register of unit holders as at 5.00pm on Thursday, August 31, 2017, while payment would be made onSeptember 8. 2017.

The fund had paid a total of 30 kobo to investors in respect of the financial year ended, December, 31, 2016 via interim and final distributions of 15 kobo each.

Speaking on the interim distribution, the Director of Asset Management of Vetiva Fund Managers Limited, Mrs. Oyelade Eigbe said: “The interim distribution is in line with the structure of the fund to remit distributions to unit holders twice a year. Also, the VG 30 ETF continues to represent a convenient investment vehicle for exposure to the Nigerian equities market via a single security. Equity exchange traded funds have reported impressive performance so far this year based on the recently bullish equities market. This further validates the attractiveness of ETFs as market proxies.”

The VG 30 ETFs designed to track the performance of the constituent companies of the NSE 30 Index and to replicate the price and yield performance of the index. The index tracks the top 30 companies listed on the Nigerian Stock Exchange (NSE) in terms of market capitalisation and liquidity.

Vetiva also manages a series of other Exchange Traded Funds, namely the Vetiva Banking ETF, Vetiva Consumer Goods ETF and Vetiva Industrial Goods ETF. These ETFs track the performance of the NSE Banking Index, NSE Consumer Goods Index and NSE Industrial Goods Index respectively. The company also manages the Vetiva S&P Nigerian Sovereign Bond ETF which tracks the performance of benchmark Nigerian Federal Government Bonds.

The Chief Executive Officer of the NSE, Mr. Oscar Onyema had said the existence of ETFs in the Nigerian market is beneficial to retail and institutional investors because the funds offer a direct and inexpensive way to attain diversified exposure to an index, commodity, sector, or region.

“Asides diversification and tradability, ETFs also offer additional benefits of low expense ratio as compared to mutual funds, increased liquidity and can be used to execute different investment strategies,” he said.