Introducing two new funds

Dear Investor

We are pleased to announce the launch of two funds into Stanbic IBTC Asset Management Limited basket of managed funds, the Stanbic IBTC Dollar Fund and the SIAML Pension ETF 40 Fund (the “Offer”). The application list for the Offer opened on 26 September 2016 closes on Wednesday, 02 November 2016.

The Stanbic IBTC Dollar Fund, a US$5 million fund aims to invest in US dollar denominated securities issued by SEC registered entities (e.g. corporate and sovereign eurobonds, commercial papers and mutual funds). The fund seeks to provide investors with an avenue to gain exposure to US dollar denominated securities whilst ensuring dollar cash flows and optimization of returns to investors. The Stanbic IBTC Dollar Fund is open-ended and will have a memorandum listing on The Nigerian Stock Exchange (“The NSE”).

The SIAML Pension ETF 40, a N1 billion Exchange Traded Fund aims to replicate as closely as possible, the total return of The NSE Pension Index (i.e. an index which tracks the top 40 companies on The NSE in terms of market capitalization, liquidity and PFA investment eligibility). The fund is an attractive investment opportunity which will give potential investors access to the most liquid public-quoted companies on The NSE, whilst also achieving a net return that reflects the performance of the NSE Pension 40 Index. The SIAML Pension ETF 40 fund is open-ended and will be listed on the main board of The NSE.

The table below provides highlights of the Offer:

 

Stanbic IBTC Dollar Fund

SIAML Pension ETF 40

 

Offer

US$5,000,000 at US$1 each (US$5,000,000)

10,000,000 units of N100 (N1billion)

 

Method of offer

Offer for subscription

  Offer for subscription

 

Offer price

US$1 per unit

N100 per unit

 

Units of sale

5,000 units (US$5,000) and multiples of 500 units (US$500) thereafter

10,000 units (N1million) and multiples of 10,000 units (N1million) thereafter

 

Payment terms

In full on application

  In full on application

 

 

The full Prospectus which contains detailed information on the Offer, including the application form, which can be used to subscribe for the IPO can be downloaded at STANBIC IBTC DOLLAR FUND and SIAML PENSION ETF 40.

For further enquiries, please send a mail to assetmanagement@stanbicibtc.com  or call any of the numbers below:

• 0700-MUTUAL FUNDS (0700- 688825-38637)
• +234 1 280 1266
• +234 1 280 5595
• +234 1 422 8616
• +234 1 422 8134


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