SIAML Pension ETF 40

About

An Exchange Traded Fund (“ETF”) is an investment vehicle that tracks an index (a basket of securities such as stocks, fixed income or commodities etc.) but trades like ordinary shares on a stock exchange.

It is a unique investment tool that combines some features of mutual funds with that of ordinary shares.


SIAML Pension ETF 40 (“ETF 40”)

The ETF 40 aims to replicate as closely as possible, the total return of The Nigerian Stock Exchange (NSE) Pension Index (i.e. an index which tracks the top 40 companies on The NSE in terms of market capitalization, liquidity and Pension Funds Administration investment eligibility).

The ETF 40 provides investors with access to a basket of liquid public-quoted companies on The NSE, whilst also achieving a net return that reflects the performance of the NSE Pension 40 Index.

Summary

The Fund was started in 2017.

Launch Date:                          Jan-17

Status of Fund:                       Open Ended

Nature of Fund:                       Equity Biased

Benchmark:                            NSE Pension Index

Distribution Frequency:           Quarterly (Indicative)

Handling Charge:                    N/A

Base Currency:                       Naira

Portfolio Allocation:                 Up to 100% in Equities

How to invest in the SIAML Pension ETF 40

For New & Existing Subscribers

Units are to be purchased directly from the floor of the NSE through a stockbroker. In the event that units are not available for sale on the floor of the NSE, the client should send his or her request via email to Stanbic IBTC Stockbrokers Limited (“SISL”) at stockmandates@stanbicibtc.com for the creation of units.

Alternatively, the client can contact the Fund Manager at (siamlinvestments@stanbicibtc.com) for the creation of units, if they maintain a CSCS account through another Stockbroker. The Fund Manager would require the following documents from the client:

  • Duly filled subscription form.
  • Valid ID (National ID, Voters Card, Driver’s License & International Passport),
  • 1 passport Photo
  • Utility Bill / Bank Account Statement / Tenancy Agreement
  • CSCS account number

Redeem Your Investment

Units of the fund can be sold directly on the floor of the NSE through a stockbroker. In the event there is no willing seller on the floor, the client should send his or her request via email to SISL at stockmandates@stanbicibtc.com for the underlying securities to be credited in their CSCS account.

Alternatively, the client can contact the Fund Manager at (siamlinvestments@stanbicibtc.com) for the underlying securities to be credited in their CSCS account, if they maintain a CSCS account through any Stockbroker. The Fund Manager would require the following documents from the client:

 

  • Duly filled redemption form
  • CSCS account number
  • Bank account details

Benefits

  • Diversification: Investors benefit from exposure to the securities in the NSE 30 index which spans across various sectors
  • Liquidity
  • Investor Security
  • Cost efficiency as the fund incurs less management and administrative costs.
  • Easily traded on the floor of the NSE.

Customer Care Line

nigeriaassetmanagers
+234 1 280 1266

Email

Send us an email

Sharesocialicons
close

Subscribe to our quarterly newsletter