Stanbic IBTC ETF 30
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.
Stanbic IBTC ETF 30 (“the ETF 30”)
The ETF 30 is an ETF that provides investors access to a basket of the 30 most capitalized and liquid public quoted companies on The Nigerian Stock Exchange (“NSE”) with the objective of achieving a net return that reflects the return on The NSE 30 Index as closely as possible. The NSE 30 Index is the first NSE published Index to be tracked by investors.
The ETF 30is designed to provide the same economic value as an investment in the underlying equities, in an easy and cost efficient way. The ETF 30 also avoids the complexities, associated costs and the risks of investing directly for small to medium size investors.
The Fund was started in 2015.
Launch Date: Jan-15
Status of Fund: Open Ended
Nature of Fund: Equity Biased
Benchmark: NSE 30 Index
Distribution Frequency: Quarterly (Indicative)
Handling Charge: N/A
Base Currency: Naira
Portfolio Allocation: Up to 100% in Equities
How to invest in the Stanbic IBTC ETF 30
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 firstname.lastname@example.org for the creation of units.
Alternatively, the client can contact the Fund Manager at (email@example.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 firstname.lastname@example.org for the underlying securities to be credited in their CSCS account.
Alternatively, the client can contact the Fund Manager at (email@example.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
- Diversification: Investors benefit from exposure to the securities in the NSE 30 index which spans across various sectors
- Investor Security
- Cost efficiency as the fund incurs less management and administrative costs.
- Easily traded on the floor of the NSE.