Vetiva Fund Managers Limited is set to list its Vetiva S & P Nigeria Sovereign Bond Exchange Traded Fund (VS&P ETF) on the Nigeria Stock Exchange, NSE, next week.
The VS & P ETF listing would give investors access to Nigerian Federal Government bonds in retail lots; thus providing 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.
Vetiva Fund Managers Limited Managing Director, Mr. Damilola Ajayi, who spoke on the product said the listing of the Vetiva S&P Exchange 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 Nigerian Stock Exchange,” Ajayi said.
According to him, the VS & P ETF when listed will trade like any other stock, and the Fund plans to effect distributions to its unit holders twice a year. Subsequent to listing, investors will also be able to trade the Fund on the NSE through any stockbroker.
Vetiva listed the first equity ETF-Vetiva Griffin 30 ETF, which tracks the performance of the NSE 30 Index, in March 2014. Vetiva also listed the first set of sectoral ETF-Vetiva Banking ETF, Vetiva Consumer Goods ETF and Vetiva Industrial Goods ETF, in October 2015.
Vetiva Fund Managers Limited is a wholly owned subsidiary of Vetiva Capital Management Limited and is registered with the Securities & Exchange Commission (SEC) to carry out business as fund and portfolio manager.
