Stanbic Pension ETF 40 is an ETF that mirrors the Pension 40 Index (Pension Index), replicating as closely as possible the total return of The NSE Pension 40 Index. The NSE Pension Index monitors the top 40 most capitalized and liquid companies in the market. The ETF was floated by Stanbic IBTC Asset Management Limited (SIAML) and sold to investors last September at N100 per unit. Chief Executive, SIAML, fund managers of the Fund, Bunmi Dayo-Olagunju had said the primary objective of the SIAML Pension ETF 40 was to provide investors access to the most liquid publicly quoted companies on the NSE that are compliant with the regulatory requirements for investing pension assets in terms of taxable profits, free float, dividend, sector and individual stock weighting.
“The SIAML Pension ETF 40 is designed as an instrument of choice for PFAs, Life Assurance companies, institutional investors, as well as foreign portfolio managers who are desirous of the Nigerian exposure with minimal liquidity and exit risk,” Dayo-Olagunju stated. Highlighting some of the benefits of the ETF, Dayo-Olagunju had said it would provide investors with a strategic exposure to the equities market, allowing for flexibility, cost effectiveness, diversification of investment, as well as liquidity. She added that it would act as a benchmark for PFAs to measure performance and report same to Retirement Savings Account (RSA) holders. She assured stakeholders that SIAML will continue to leverage its expertise in asset and wealth management, built over the past 20 years, as well as the Stanbic IBTC Group’s rich heritage in corporate and investment banking to provide quality products and services that will not only deepen the market but enhance transparency, add value and lead to investor confidence.
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