Vetiva Launches Nigerian Sovereign Bond ETF

Vetiva

Vetiva Fund Managers Limited has received approval from the Nigerian Stock Exchange, NSE to float Nigeria’s first Nigerian sovereign bonds-based ETF.

Based on regulatory filing at the NSE, Vetiva will be floating  a public offer for subscription of 10 million units of Vetiva S & P Nigerian Sovereign Bond ETF. The fund tracks the performance of Nigerian sovereign bond index managed by S&P.

Vetiva already owns Vetiva Griffin 30 ETF “VG 30 ETF” is an open-ended Exchange Traded Fund managed by Vetiva Fund Managers Limited. The VG 30 ETF is 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 NSE 30 Index comprises of the top 30 companies listed on the NSE in terms of market capitalization and liquidity and is a price index weighted by adjusted market capitalization.

As a strategy, the fund replicates, as far as practicable, the price and yield performance of the NSE 30 Index, by holding a portfolio of securities on behalf of unit holders that substantially represents all of the component securities of the NSE 30 Index in substantially the same weighting as the NSE 30 Index.

Exchange traded funds, ETFs allows an investor to benefit from the growth of an entire sector in the market by buying an ETF that tracks the performance of that sector.

Vetiva Fund Managers Limited is a subsidiary of Vetiva Capital Management Limited.

 

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